Retirement planning

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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.

Downsizer Contributions - your choice of super fund matters

29 October 2019
You’re thinking about moving home and expect to have some remaining funds after the move. You know about the downsizer contribution rule, you’ve read a few articles and you’re ready to go. Before you go any further, here's a few questions you might not have thought about.

Downsizer Contributions impact on the Age Pension

11 October 2019
By making downsizer contributions, it’s important to be aware of the impact this may have on your Centrelink entitlements such as the age pension or for self-funded retirees, the benefits under the Commonwealth Seniors Health Card (CSHC).

Understanding the new and improved downsizer contributions rules

8 October 2019
A variety of factors come into play when determining if you should downsize the family home.

Superannuation Legislation for High Income Earners

4 October 2019
The Government has passed superannuation legislation for high income earners (with income exceeding $263,157 per annum) which allows employees with more than one job to choose not to have the 9.5% superannuation guarantee paid by all their employers.

It will pay to be lazy with Bill Shorten's franking credit changes

1 May 2019
The financial system in Australia has always been based on some simple fundamental principles. An underlying ethos of the more you work, the more you earn, the more tax you should pay. As much as we may despise paying tax, we all accept this as fair. 

Seven ways to kick-start your retirement planning

28 June 2018
Time stands still for no one, especially if your eyes are on the retirement prize and yet you’re wondering, “how am I going to get there?”

De facto relationships and your super

17 May 2018
It’s a fact that many people are living in longer-term de facto relationships than in the past. Longer engagements, second marriages and older couples forming relationships in their golden years are all contributing to this trend.

Avoiding a Will dispute

15 May 2018
One of the most difficult issues facing parents is how to treat their non-farming children fairly, whilst at the same time leaving the valuable farm to the farming child or children. 

Why young Australians need to engage with super earlier

10 May 2018
It’s common that many young Australians consider super and retirement as something they will deal with when they get older, with some delaying their interest and engagement for their ’50 something-year-old’ self to deal with.

The 3 Myths we are sold about the benefits of low-interest rates for Australians.

13 February 2018
We all love the thought of low-interest rates generally because for us consumers it effectively lowers the cost of our monthly loan repayments. But what if what you gained on the front end, you were losing on the backend?

Rethinking the value of Transition to Retirement (TTR) pensions

17 November 2017
A Transition to Retirement (TTR) Pension still offers a number of benefits to you as an investor preparing for retirement. Despite the changes to the tax free earning status of a TTR, you shouldn’t be too hasty in discounting this option as it can form a central part of a bigger retirement accumulation strategy.

Farm Succession - How to Generate Income When Retiring From Your Farm

20 September 2017
One question I am often asked by my farming clients when considering farm succession is...

Transfer balance cap reporting

10 August 2017
The introduction of the $1.6m cap on pension accounts will result in additional reporting requirements to the ATO by SMSF trustees.  All SMSF’s that are paying retirement pensions to their members will be required to report these to the ATO, even if the total balance of the members pension is less than $1.6m.

Aged Pension | Tip #2: Could Gifting improve your Centrelink Aged Pension?

1 June 2017
In January 2017 changes to the Centrelink Aged Pension Asset Test caused more than 430,000 Australians to lose or suffer a reduction in the Aged Pension.

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