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The
perception of retirement is changing. Traditionally, retirement has
been associated with making a clean break from employment from age
55. Today, more and more people are choosing to ‘transition’ into
retirement rather than retiring outright.
Transitioning
into retirement can involve a gradual reduction in work hours,
taking on some consulting work or even gaining employment in a new
and unrelated field.
The
changing face of retirement has raised opportunities for
individuals to maximise their wealth through careful retirement
planning and ongoing review.
Retirement
planning is about putting in place strategies that will help you
enjoy the life you want when you choose to retire. Pentad’s
experienced advisers can assist you in identifying your retirement
objectives and devising strategies aimed at achieving those
goals.
Most
people don’t start thinking about planning for retirement until
they are in their fifties. When they do, quite often the first
question they ask is - how much money will I require to fund my
desired lifestyle in retirement?
The
answer to this question will vary from person-to-person. It depends
upon the lifestyle you wish to enjoy, the level of assets
accumulated during your life (or that you expect to receive), your
time-horizon to retirement and any legacy intentions you may
have.
Having
a thorough understanding of your retirement objectives is essential
in planning for your retirement. It therefore follows that having a
clear picture of your current circumstances and financial position
is required to assess your ability to meet your retirement
objectives within the required timeframe.
Where
a shortfall in capital has been identified, we can assess a number
of strategies aimed at closing the gap between your current level
of assets and that required to achieve your objectives in
retirement.
Just
as important as it is to plan for retirement, it is equally as
important to continue reviewing your strategies and investments on
an ongoing basis once you are retired. Changes in your personal
circumstances, legislation and investment markets can all have an
impact on your ability to meet your objectives.
Pentad's
experienced advisers can help you with your retirement needs.
Contact us today on (03) 9813-0133 to find out how
Pentad can help you achieve your financial goals. | 