Retirement Planning

Retirement planning ensures your financial position is structured to meet your lifestyle and financial objectives throughout retirement.

Central to a comfortable retirement is regular passive income. Matters to consider when planning for retirement include:

• Analysis of your desired retirement income against your projected retirement income
• Consideration of the changes to your living arrangements when you retire
• The actions you can take to meet any shortfall or utilise any surplus income

The earlier you plan for retirement, the more flexibility you are likely to have.

Accordingly, your retirement planning strategy may include the following:

• Restructuring your superannuation benefits
• Making additional superannuation contributions
• Commencing an income stream whilst continuing to work (known as a transition to retirement income stream)
• Commencing a retirement income stream
• Investment of business sale proceeds, including use of the small business CGT concessions
• Structuring your investments to maximise Government Centrelink benefits