Retirement

The choices you face in planning your retirement are complex and can, at times, be confusing. For most people, the major concern is simple: how can I make my money last? With the average retirement period being 30 years, it’s a good question to ask.

Only a minority of Australians aged over 65 have a weekly income of over $600 (roughly $31,000 pa). In fact, most people live on the age pension.

The problem is that we are demanding more - including things like travel, education and eating out. It’s a big challenge to have the income you need, without running down your money too quickly.

Most people think the answer is good investments. But that’s only part of it. To build or preserve your retirement lifestyle, you will also need to address the following issues:

• What type of lifestyle do I want?
• What goals matter most to me?
• When can I afford to retire?
• How can I get the most income?
• What are my Centrelink entitlements?
• How can I maximise my retirement income?

The good news? You can be a winner in retirement. Together with quality financial advice from your Matrix Norwest adviser, you can explore the possibilities, avoid expensive mistakes and make the right choices.

Source: Centrelink