Retirement Planning

How much superannuation is enough, retirement planning, starting an income stream, claiming the Age Pension, making contributions while receiving a pension from a super fund, estate planning, and looking for your family are all topics covered in retirement planning.

Retirement is not the time to scrimp and save; it is the time to enjoy the results of your many years of labour. You must ensure that you have sufficient superannuation resources to provide a comfortable retirement.

As a result, the issue arises: how much is enough?

According to the Financial Services Council, most Australians will require roughly 62.5 percent of their pre-retirement income, multiplied by their life expectancy, to maintain their quality of living in retirement. If you manage your finances appropriately, you won't have to worry about having children, you won't need as many cars, and tax will be less of a hardship. What you have must be able to last a lifetime.

Marrickville Financial Planning is your local trusted financial adviser who specialises in professional advice to help you reach your financial goals, no matter your financial situation. Call us today and we can provide tailored advice to make your retirement goals a reality through a structured retirement plan.