Retirement is a significant life change. The transition to retirement takes you from your working life to the stage of doing, what you want and when you want in your new life stage, RETIREMENT.
People assume that the retirement transition needs little planning because they feel it is an easy transition, a bit like the transition from your working week to the weekend. For those who are forced to retire then the transition to retirement is more difficult.
Due to the increase in the average life expectancy and forced early retirements, a retiree can expect to live up to 30 more years in retirement, almost one third of their life time. So you need to plan for your retirement as early as possible.
In your plan you need to consider both your financial needs and the non-financial. Find activities that provide purpose and meaning to life.
Planning that makes the transition to retirement easier includes:
- setting a budget for expenses
- developing an asset allocation strategy for investments
- determining the withdrawal strategy from you all of your retirement income streams.
Retirement is one of life’s most difficult transitions, comparable to divorce or death of a spouse. It is a more difficult adjustment than getting married or becoming a parent.
The best way to transition to a meaningful retirement life is to plan for it.
To discuss your Retirement Plan and develop a strategy for the future please contact us directly on (07) 3170 3707 or click here to email us.
146 Bloomfield Street, Cleveland
PO Box 1319, Cleveland QLD 4163 4163
Phone: 07 3170 3707
ABN: 16 074 508 071
Monday-Friday: 8:30am to 5pm
Coopers N’Cents Financial Services ABN 16 074 508 071 trading as
HFB Wilsons Pty Ltd – ABN 63 616 059 324 as a Corporate Authorised Representative
No 253397 of Clearview Financial Advice Pty Ltd
AFSL No: 331367 ABN: 89 133 593 012 Website: www.clearview.com.au