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.

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This article has been prepared by RSM Financial Services Australia Pty Ltd ABN 22 009 176 354, AFS Licence No. 238282.

As everyone's circumstances are different and this article doesn't take into account your personal situation, it is important that you consider the above in light of your financial situation, needs and objectives, and seek financial advice before implementing a strategy.

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