Retirement Planning
Thinking about Retiring?
Plan Plus can help you to figure out exactly how much money you will need to fund a rewarding retirement.
Our team of professionals will consider your situation and provide you with financial advice that is specifically tailored to you. Our strategies are designed to ensure that you can live your retirement to its fullest.
Without adequate planning, retirement can become a financial nightmare. It can be difficult to maneuver through the legislative hurdles and market jargon without expert advice and understanding of the full implications of your financial decisions.
- Tax effectively building your Superannuation;
- Accessing your Superannuation;
- Superannuation consolidation;
- Investment Advice;
- Debt Reduction;
- Establishing an appropriate Income
- Stream or Pension;
- Maximising your Centrelink entitlements;
- Tax effective Estate Planning.
Case Study
John and Gwen are in their 50’s and have 2 adult children still living with them. John is self-employed and both John and Gwen work full-time. They have a household income of $200,000 and home loan of $150,000.
They have a few concerns. John wonders whether they are maximising their opportunities with superannuation. Gwen has questions about when they will be able to retire and how much money they will require. Ideally, they want to retire in their mid 60’s and are not sure if this is possible.
They decided it might be a good idea to see a Financial Planner for some recommendations and insight. The advice they received from the Financial Planner recommended they restructure the way they receive their income and as a result, they now save thousands of dollars in tax and are also able to make additional contributions to superannuation – boosting their retirement nest egg.
The financial plan also covered the issue of how much money they will require to achieve financial security and independence in retirement and showed projections based on different scenarios to provide them with a better understanding of how the different decisions they make could affect their financial position in the future.
The advice also reviewed their budget and provided John and Gwen with a clear repayment schedule for their remaining home loan, freeing up substantial cash flow that could be used to build their retirement savings. Insurances were also addressed, as were Wills, Power of Attorney, Power of Guardianship, and managing taxation and asset protection of the inheritances to their children.
