Yeah, work is still a buzz but your screensaver is all beaches, cruise ships, palm trees and swim-up bars promising cocktails with cherry garnishes and paper umbrellas. You’re starting to feel like working on your garden, golf game, novel or renos could be a full time occupation, if you just had the time. And your annual leave just doesn’t stretch to enough hours with your interstate family – especially with grandkiddies on the horizon.
Studies have found that generally, people need about two thirds of their current annual income in retirement. So, if you are currently earning $60,000 you may need around $40,000 to fund each year of your retirement.
Now’s the time to really pump up your super to make sure you achieve a retirement you can live with and live on.
No, not from your mate Stewy who studied commerce in the 70s or from Auntie Marge who’s married to a stockbroker.
Get professional financial advice. A financial planner can make sure you’re minimising your tax, maximising your money and receiving all your entitlements. A small outlay from your super account now could save you literally thousands in the future.
We offer everything from general advice about your Tasplan account at no extra charge to referrals for personal advice for a very competitive fee.
Get organised and make extra contributions (even $20 a week can make a huge difference).
There are a bunch of tips and tricks for pumping up your super – and some of them won’t cost you a cent. Have a look at our list for some quick wins.
This could help you in one of two ways. You may be able to:
reduce your work hours and top up your lower salary with payments from your super
boost your super savings without cutting back on your lifestyle.
Find out more about transition to retirement.
With retirement looming, it can really pay to get expert advice.