The kids have left the nest, and you may already have paid off your mortgage. Things are looking financially easier and you have more time to do the things you enjoy, perhaps even working part-time or retiring early.
At this time, your main priority should be to preserve the value of your superannuation fund, investments and any money you have inherited, so you have enough to achieve and maintain your lifestyle goals when you retire.
Your goals and objectives are based around reviewing your retirement plan to see if it’s still working, establishing how best to convert your savings and investments to income, and utilising your hard earned wealth. Questions around getting the most out of your retirement income and possibly accessing the age pension are paramount and require sound financial advice.
Start reviewing your retirement plan by looking at:
- Superannuation contributions
- Salary sacrificing
- Taxation implications
- Reviewing your risk profile
- Solidifying your retirement needs
- Reviewing property investments
- Reviewing Insurance and protection needs
- Establishing a sound estate plan
- Getting strategic advice to meet your lifestyle needs
So if you are aged between 56-65 and are interested in protecting your retirement contact us at GK Financial Services Group for a free initial consultation with one of our expert advisers.