Does the Holiday Season Have You Thinking Of Slowing Down?
The holiday season can provide some much-needed time for rest and recuperation, as well as time to re-evaluate what’s important to you and what you want to focus on in the New Year.
If you’re considering retirement in the near future, you may have several questions such as how much will you need to save, what are good methods to save, when is an ideal time, and can you achieve your lifestyle potential.
How you fund your retirement income could come from many different places such as super, investments outside super, age pension, reverse mortgages, selling the family home or working part-time. Income sources can have an impact on any Centerelink entitlement, for example working part-time may affect payments received.
The first step in preparing for retirement is understanding your current financial position. A great place to start can be documenting assets and their values including super and liabilities. Thinking about what retirement expenditure requirements may be can also be a great place to start.
The first step in preparing for retirement is understanding your current financial position.
Check out our tips to increase your retirement savings.
Do you have questions on how to make the most of your retirement nest egg? A Modoras Executive Planner could help make the transition as easy as possible.
RELATED POST: 14 Ways to Downsizing your home to Boost your Retirement Savings
Speak to a Modoras Professional in a complimentary appointment by clicking here, or contact us on 1300 888 803.
IMPORTANT INFORMATION: This blog has been prepared by Modoras Pty. Ltd. ABN 86 068 034 908 an Australian Financial Services and Credit Licences (Number 233209). The information and opinions contained in this presentation is general information only and is not intended to represent specific personal advice (Accounting, taxation, financial, insurance or credit). No individuals’ personal circumstances have been taken into consideration for the preparation of this material. Any individual making any investment or borrowing decisions should make their own assessment taking into account their own particular circumstances. The information and opinions herein do not constitute any recommendation to borrow funds or purchase, sell or hold any particular investment. Modoras Pty Ltd recommends that no financial product or financial service be acquired or disposed of, credit contract entered into or financial strategy adopted without you first obtaining professional personal financial advice suitable and appropriate to your own personal needs, objectives, goals and circumstances. Information, forecasts and opinions contained in this blog may change without notice. Modoras Pty. Ltd. does not guarantee the accuracy of the information at any particular time. Although care has been exercised in compiling the information contained within, Modoras Pty. Ltd. does not warrant that the articles within are free from errors, inaccuracies or omissions. To the extent permissible by law, neither Modoras Pty. Ltd. nor its employees, representatives or agents (including associated and affiliated companies) accept liability for loss or damages incurred as a result of a person acting in reliance of this publication.