Retirement planning

Co-managed IT services
 

FINANCIAL SERVICES
RETIREMENT PLANNING

 
Retirement Planning
Co-Managed IT services
 

RETIREMENT PLANNING

Insurance

Retirement Planning Financial Services at RSM Australia


What is retirement planning?

Retirement planning is the proactive steps you take to make sure you can live the lifestyle you aspire to when you retire.

Whether you plan to retire early at 40, or well into your 60s, it’s never too early or too late to start planning for retirement.

In fact, the moment you receive your first superannuation contribution is the moment you should consider getting advice on how to maximise your return and minimise your risk over the long term.

  • How close you are to your ideal retirement age generally determines the types of investment strategies you might use.

For example, when you are young you may wish to investigate higher risk investments that have the potential to deliver a higher long-term return.

Later in life, you may consider medium risk investments while keeping a close eye on how they are doing so you can change your strategy as the financial landscape changes.

 

 

 

 

Want to learn more? Watch our pre-retirement video with RSM Financial Planner, Lindsay Walker, who sets out the eight simple steps to get you started on planning for the retirement you want.

 

As you approach retirement...

You may elect to adopt a lower level of risk to preserve your capital; and there are other steps you should also take, such as:

  • Exploring your eligibility for the Commonwealth Age Pension
  • Repaying all outstanding debt
  • Reviewing your estate planning details

Looking for our debt management service page? Your RSM financial planner can offer you personalised services in the areas of debt financing and debt management. Click here.

The eight step pre-retirement planning checklist


 

How do I live my dream retirement?

The key to being able to retire when you want, and live the way you want, is to make sure you will have enough sustainable cash flow, ideally from more than one source. This includes money for:

  • Weekly living expenses
  • Debts (if you have them)
  • Luxuries and capital expenditures

The total amount you save – regardless of whether it is dispersed across cash, shares, property, and so on – needs to last as many years beyond the age you plan to live this lifestyle. Many people think achieving their dream retirement is impossible – especially if they have only started thinking about it later in life.

However, our retirement planning specialists have helped people who didn’t think they were close to retirement develop a strategy that allowed them to retire much sooner than they expected.

Read what our clients have to say about the RSM superannuation team...

How can RSM help with your retirement planning?

We have retirement planning experts across Australia who would love to help you achieve your retirement goals. We will work with you to:

  • Evaluate your current investment strategies
  • Calculate your existing assets, including super amounts
  • Devise an achievable strategy
  • Show you how to execute it
  • Meet with you annually to re-evaluate it

A dream is only a dream until you take practical steps to make it happen.

At RSM, we can show you how to take the right steps at the right time so you can see your retirement dream come true.

Start your retirement journey and book your free consultation with an RSM retirement planning expert.

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The Budget announced a reduction in the Downsizer Contribution  eligibility age from 60 to 55* for  individuals wanting to downsize or who are thinking about downsizing their home.

Superannuation Contributions and Separation

15 February 2022
Superannuation could be an important vehicle for couples who have been through a financial separation. Despite frequent changes to its governing rules, superannuation remains, for most people, a tax-effective environment in which to save for retirement.

Inheritance: Managing the Big Wealth shift

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More than $3.5 trillion dollars of inherited funds are expected to change hands within Australia during the next 20 years, with Australians enjoying one of the highest inheritance payout rates anywhere in the world.

What can a good adviser do for me?

7 December 2021
When I ask some people what my role as a financial adviser is, often the reply I receive is “you invest client’s funds in the share market”. In reality, this is only partly true.  

Preparing for Retirement? Here’s 10 Top Tips

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Looking forward to an enjoyable retirement? Here are our top 10 tips to make sure you’re on track.

Sequencing: A Risk You Need To Understand

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As financial advisers, we talk to our clients a lot about risk, one key risk for a long-term financial plan is sequencing risk. But what is sequencing risk? Let’s start with an example…

Diversification – The Only Free Lunch in Investing

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The financial effects of a “Grey Divorce”

22 November 2021
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An uncomfortable yet important conversation

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The Foundations of Successful Investing

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What your adviser means by “investment styles”

1 November 2021
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Challenges Facing Retirees of the Future

13 October 2021
Most working Australians aspire to the idea that they’ll reach a point where they can retire debt-free and with enough money in superannuation and other investments – perhaps supplemented by the age pension – to provide them with a comfortable standard of living in retirement.

Assets and Family Law During Separation

1 October 2021
When it comes to separating, no two cases are the same.  Some clients will have assets that they are looking to grow or protect, while others may be under financial hardship and considering engaging an insolvency specialist.

Separating? Revisit your financial plan

15 August 2021
Divorce is the equivalent of a tornado splicing through the foundations of the best laid financial plan. 

The gender pay gap. How is it affecting women in retirement?

5 August 2021
While the gender pay gap is beginning to narrow, there is no denying that this remains a significant issue in Australia.

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