If you are at a crossroads and thinking about retirement, there are some important steps you can take to secure your financial future.
Superannuation is one of the most tax effective ways to put aside money during your working years for use during retirement.
The future life expectancy of Australian men and women is on the rise, which means that more superannuation will be required to retire. Further, knowing how to get the most out of your superannuation will help you save for your retirement and reduce stress. For this reason and others, superannuation management and retirement planning has become an essential ingredient to living comfortably and with peace of mind, both for now and in the future.
Recent research conducted by AMP and the National Centre for Social Economic Modeling revealed that people wanting to retire between the ages of 55 to 64 have an average superannuation balance of only $56,000 – a retirement income of $100 a week for 15 years. Planning your retirement right and knowing how to get the most out of your superannuation will help you save for your retirement and reduce stress.
Superannuation should be treated just like any other asset, which means being actively involved in its performance – not just ignoring it or applying a ‘set and forget’ strategy. Planning for retirement and selecting and managing superannuation can be time consuming and complex, so it’s important to get advice from someone with specialist knowledge.
To find out more call (02) 8268 2900 and speak to one of our Advisors, obligation free.
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