As a financial adviser, I’m here to help you understand what a retirement plan is and why it’s important. Think of it as a roadmap for your future, ensuring that you have enough money to enjoy your golden years. A properly planned out retirement plan should help you answer how much money do I need to retire so let’s dive in and explore what a retirement plan looks like.
What Are The Six Essential Steps You Need To Take Before You Retire?
As retirement beckons, careful planning and preparation become paramount to ensure a fulfilling and financially secure future. Retirement is not just a few weeks of leisure; it is a new chapter in life that can last for decades. Here we will explore essential steps to take before you retire, helping you build a clear vision of your post-retirement life and ensure that you have the financial means to enjoy it to the fullest and embrace retirement with confidence. Whether you aspire to travel the world, indulge in hobbies, or simply relish quality time with loved ones, taking these proactive measures will lay the foundation for a rewarding and worry-free retirement journey.
How much money do you need to retire?
How much money do you need to retire? You might as well be asking yourself how long is a piece of string! Retiring with the right amount of money is obviously important, but can feel like a guessing game. There’s so many factors to consider, and it’s not a one-size...
The 25% retirement rule you need to know!
What is it? An estimate of how much you’ll need to save for retirement. It assumes a withdrawal rate of 4% of your savings in year 1 of retirement. Future withdrawals are indexed with inflation. If you want to live on $50,000 in retirement (assuming self-funded), you...
Consistency is key to comfort: a client Q&A
Jock Kelso started from humble beginnings and is now a retired radio advertising executive. With his lovely wife Dot, they have a family and lived in Sydney while Jock worked for various top radio stations and was Sales Manager at Radio 2UE Sydney. He describes these...
How long will $2 million last in retirement in Australia?
We don’t like sacrificing. And with retirement, we don’t want to sacrifice when it comes to the dreams of travel and a comfy life, but we also don’t want to lose out on today – by just saving for tomorrow.