Your Goals & Dreams
After working for many years, we all want to have enough money to retire comfortably and enjoy life in our later years.
The earlier you start saving and planning for retirement, the more options you will have available to build your retirement nest egg. Saving even a little into Superannuation early on can make a big difference to the money you have at retirement.
A Gold Leaf Financial Planner can help you with financial strategies to plan for the enjoyable retirement including:
Saving and superannuation contribution strategies
Funding retirement goals like travel, hobbies, volunteering, supporting family and leaving a legacy
Making the most your superannuation and investing it appropriately
Transitioning to retirement including reducing your hours at work to a couple of days a week
Maximising Centrelink entitlements
Building wealth outside of super
Receiving an income from your super and investments in retirement, and
Making your money last throughout retirement.
Sam and Alice plan for retirement
When their youngest child Tim moved out of home to study at university, Sam and Alice started to think about the next 15 years leading up to their retirement. Sam and Alice would like to continue their current lifestyle and want to make the most of their additional savings, especially now that Tim is mostly independent. When they retire they would like to renovate the kitchen, continue to enjoy good food and wine, and volunteer as board members with their favourite community and environmental groups. They both like sailing, playing tennis and they are learning photography. Sam and Alice would also like to travel to see the French Open and Wimbledon, and take photography tours of Africa, Canada and Antarctica.
Sam and Alice saw a Gold Leaf Financial Planner and discussed their values and goals. Their adviser recommended keeping their super fund but changing the investments to make sure it was invested in line with their ethical values and that it would grow for retirement. The adviser also recommended making additional mortgage repayments and salary sacrificing to super. Sam and Alice will also take some of their long service leave in the next few years to travel to the French Open and to Antarctica as part of enjoying life now.
By following their financial planner’s recommendations, Sam and Alice will be debt free in five years and have an extra $900,000 at retirement. They will have income in retirement to enjoy good food and wine and there will be funds available for kitchen renovations and overseas travel.