Retirement Planning

Retirement Planning and
wealth accumulation advice, including lifetime income streams.

Retirement planning should really be about giving
yourself time to plan for your retirement. Planning can (and probably should
start at the beginning of your career), however more often than not, it
something we tend to do think about later on, after family responsibilities
have lessened.

At Guardian Wealth Management we specialise in wealth accumulation, pre-retirement and post-retirement strategies, to help ensure your retirement savings meet your needs. We can assit with a strategy to help create a long-term, flexible income stream’s, to last through retirement.

On the lead up to retirement, there are a number of
important factors that you should consider, including:

• When would you like to retire and how much will you need each year in retirement to maintain your lifestyle?
• What is the best method for wealth accumulation to fund your retirement? Is it Superannuation, Direct Property Investment, Investment Bonds, or a combination?

The reality is, one or all of the above are legitimate methods of building wealth, eavh with their particular benefits and risks. At Guardian Wealth, we can guide you through the complexity and structure a long term plan, to help you achieve your end goals.

In addition to the above, consideration should be
given to an alternate strategy in case you fall ill, in the years leading up to
retirement. In other words a safety net, which may (or may not) include
insurance that could be used to protect your retirement savings and the things
you have spent your career building.

By identifying these primary goals, we can analyse
your current position and help you take advantage of the various concessions
and other entitlements available.

If you’d like to cut down on your working hours
before retirement, we can also introduce you to some great techniques you can
use – like transition to retirement strategies, which could allow you to cut
back on your hours without cutting back on your lifestyle.

On the other hand, if would like to stay in the
workforce for a longer period (and are over your superannuation preservation
age), we can show you ways to make the most of your working life so by the time
you retire your nest egg is a more substantial one.

Transition to
retirement pension:

If you’re over 55 (or preservation age) and decide you’d like to reduce your working hours without reducing your income, a transition to retirement pension can allow you to receive some of your super as a tax-effective income stream that supplements your regular income. If you choose to make contributions to super at the same time, you can reduce your income tax, without reducing your take-home pay.

This is a very effective strategy and definitely worth considering to either boost your savings in super, or cut back on your working hours without cutting back on your take-home income.