Pre-Retirement Planning

Plan your Retirement

We can help you figure out exactly how much you will need to retire.

Our team of Financial Planners on the Central Coast will look at your situation and offer tailored strategic advice to help you to achieve your goals. Retiring should be an exciting life milestone, free of any avoidable uncertainty.

Retiring without proper planning can be a recipe for financial disaster. Especially in the current market and political climate, it is very important to understand fully the implications of your financial decisions.

Partners in Wealth are well-versed in Pre-Retirement strategies to help you to make the most out of  your retirement portfolio. We have your quality of life in mind during every step of our Financial Planning Process. We consider retirement as that time in your life when working has become a choice rather than a necessity and our primary goal is to maximise your enjoyment of this new period of your life.

Our Retirement Experts will help you to build a financial strategy personalised to your circumstances.CT US TODAY FOR

We can help with

  • Tax effectively building your Superannuation
  • Superannuation advice
  • Superannuation consolidation
  • Transition to Retirement advice
  • Retirement Planning
  • Retirement Income Funds
  • Investment Advice
  • Debt Reduction
  • Pensions and Annuities
  • Applying for Centrelink

Case Study 1

John & Gwen Are Preparing For Retirement

John and Gwen are in their 50’s and have 2 adult children still living with them.  John is self-employed and both John and Gwen work full-time.  They have a household income of $200,000 and home loan of $150,000.

They have a few concerns. John wonders whether they are maximising their opportunities with superannuation. Gwen has questions about when they will be able to retire and how much money they will require. Ideally, they want to retire in their mid 60’s and are not sure if this is possible.

They decided it might be a good idea to see a Financial Planner for some recommendations and insight. The advice they received from the Financial Planner recommended they restructure the way they receive their income and as a result, they now save thousands of dollars in tax and are also able to make additional contributions to superannuation – boosting their retirement nest egg. The financial plan also covered the issue of how much money they will require to achieve financial security and independence in retirement and showed projections based on different scenarios to provide them with a better understanding of how the different decisions they make could affect their financial position in the future.  The advice also reviewed their budget (recommending they reduce spending) and provided John and Gwen with a clear repayment schedule for their remaining home loan, freeing up substantial cash flow that could be used to build their retirement savings.  Insurances were also addressed, as were Wills, Power of Attorney, Power of Guardianship, and managing taxation and asset protection of the inheritances to their children.

Case Study 2

Doug Has A Stroke

While out celebrating a case win with his legal team, Doug (who is married to Pat) started to feel dizzy and was having trouble speaking. He put it down to having a few beers on an empty stomach, but caught a cab home early. His symptoms proceeded to get worse before he collapsed. Pat called an ambulance which took him to hospital where he was found to have suffered a stroke.

His stroke affected the left side of his brain which caused problems on the right side of his body and communication. He had trouble speaking, understanding, reading and writing, which of course meant he was no longer able to practice as a Lawyer.

His Income Protection, Living Insurance and TPD Benefits allowed Doug to access the best possible medical treatment and later rehabilitation services. Pat was able to stop work to become Doug’s primary carer.

Part of the lump sum TPD Benefit was used to pay off the remaining mortgage on their city house, and the balance was invested to generate returns to replace the income Doug had hoped to earn before they retired. The protection offered by their insurance allows them to keep their country cottage dream alive.