Retirement Planning

As the saying goes the best time to plant a tree was 20 years ago, the next best time is now!

During their working lives, many people don't give too much thought on how they will continue to live once they stop working.

Specifically, at what age they hope to retire, how much money they will need to cover living expenses including discretionary spending, any other things they plan to do once retired, and most importantly, where will the money come from.

What is retirement planning?

Retirement planning involves the organisation of your finances for the period of life after you stop working.

Each person's life situation, goals and lifestyle needs are unique so retirement planning is not a 'one size fits all' process.

Retirement planning involves more than just saving money.

A key element of proper planning is to understand what expenses you are likely to incur versus your potential income during retirement.

For example, if you will be able to pay your mortgage off before retiring, that is one less expense you'll need to cover.

A simple strategy here could be to pay an extra small amount towards your mortgage while working, in order to be debt free before retirement.

Depending on your retirement age, retirement planning will also involve tax planning.

At Ripple Wealth, we work with our clients to create a savings and investment plan that best works for you.

You can begin retirement planning at any stage in life, although the sooner the better.

In planning for your future retirement we will:

  • Ensure you will be able to meet retirement goals based on your current situation
  • Discuss ways to maximise your current situation to ensure future retirement goals are met
  • Ensure investments are appropriate and in line with risk appetite
  • Structure assets and investments appropriately for retirement
  • Maximise potential Centrelink benefits.

Other Services

  • Investment Management
  • Cash Flow Management
  • Tax Minimisation
  • Debt Reduction
  • Estate Planning
Contact

Get in touch

Address

Suite 4 70 Croydon St
Cronulla, NSW, 2230

Shaun Parton and Ripple Wealth Pty Ltd ABN 70 633 648 138 t/as Ripple Wealth are Authorised Representatives of Synchron, AFS Licence No 243313

The information contained on this website is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser.