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.

Succession plan in place – what needs to be done next?

21 June 2021
Farming families generally acknowledge that having a documented succession plan is a good idea.

Managing expectations in farm succession

14 June 2021
Farm succession can take on a different meaning for different people and managing expectations around succession is often tricky.

Changes to Compulsory Super Guarantee Payments

10 June 2021
As part of Australia’s superannuation system, employers are currently providing superannuation guarantee of 9.5% under Superannuation Guarantee (Administration) Act 1992 (Cth).

Separation & superannuation

10 May 2021
How do you start to map your financial future when your relationship ends? What are the first steps you need to take?

Planning for a retirement with care, dignity and respect

4 May 2021
The costs of Aged Care in Australia are projected to increase and greater emphasis on self-funding may be required moving forward. To ensure a high quality of care is accessible in the later stages of retirement, planning should be given at the outset of retirement, not left until it is too late.

Adviser Alpha: How a financial adviser adds long term value

18 February 2021
The area of professional financial advice has seen immense change over the past decade, both from a regulatory and consumer perspective.

Retirement - How much do I need?

17 September 2020
Retirement: a delightful word that conjures up images of days spent in slippers, volunteering to help others, rediscovering old hobbies, taking long cruises in the Mediterranean, or just enjoying your new found freedom.

Increased life expectancy

11 September 2020
Australians are staying active and living longer than previous generations, almost 25 years longer.

Pre-retirement planning checklist and superannuation

10 September 2020
Many people only start planning for retirement when they enter their 50s and other family commitments have begun to decrease.

Case Study: Untangling the financial web

28 July 2020
Understanding financial statements and their underlying supporting documents can feel like interpreting a foreign language, but they contain a wealth of important information for property settlements.

Preservation age and building retirement savings

25 May 2020
Commonly people see their retirement as the time to access their superannuation balances. However, when you can access your super benefits actually depends on your preservation age, which currently stands at age 55.

A focused investment approach

22 May 2020
History has proven that a focused long-term conviction to an investment philosophy, robust processes, and quality investments will undoubtedly ensure enhanced security and long-term returns.  

Agreed Value Income Protection policies will be banned by APRA

25 March 2020
1 April Deadline – Agreed Value Income Protection policies will be banned by APRA! Following a recent review of the life insurance market, APRA have announced proposed changes to income protection policies.

The power of a small investment into superannuation

18 December 2019
You’ve recently graduated as a medical professional after years of hard work and endless hours hitting the books.  As tempting as it is to use your well-earned income on a feature-packed credit card and a new BMW, have you considered the power of a small investment into your superannuation? 

Downsizing to improve your income in retirement

4 November 2019
Have you worked hard your whole life, but feel like you have not accumulated enough to fund your retirement? Well, downsizing could be the solution for you.

Pages