Granny flats: tax traps and tips
18/02/2025
12-14 Stirling Highway
Nedlands WA 6009
Retirement Planning
Achieving a successful retirement starts with thoughtful planning.
Retirement is about more than financial security. Other aspects will also play an important role in creating a healthy, happy retirement. Consideration of physical, emotional, and psychological are critical.
It also looks different to every individual, some may priorities part time work, travel, or engaging in hobbies or other pursuits.
No matter your picture of retirement, the key to making that vision come true is careful planning, saving, and investing before you retire.
One crucial aspect is ensuring that your retirement savings will sustain you for as long as needed, and that the lifestyle you desire in retirement is financially achievable. This calls for a strategic, detailed approach, including a thorough review of your financial situation and assets as you approach retirement.
We specialise in retirement planning and have helped many individuals just like you plan for, anticipate, and ultimately enjoy a secure, comfortable retirement. It’s what we do best.
Retirement means different things to different people. For some, traveling around in Australia in a caravan is a life-long dream but for others flying at the pointy end of the plane and staying in 5-star hotels around the world is more how they see life after work. Or maybe spending more time with the grandkids or volunteering in your local community rate high on your list of retirement goals.
We all have different ideas of what the second half of our lives looks like and that’s why planning for your retirement is so important.
Why is retirement planning important?
We are living longer and for most of us compulsory superannuation payments or the Age Pension alone won’t be enough to help us achieve the retirement lifestyle we’re dreaming about.
Putting a long-term financial plan in place will provide you with the comfort of knowing that you can do all those things that you dreamed of and that your financial future is under control.
How we can help
AMA Financial Planning can help you work out how much money you have now, how much you might have in the future and where it is coming from.
We will help you:
- Identify your retirement goals
- Review your income and cashflow requirements
- Identify what assets (house, savings, investments) you have and how much they are worth
- Assess how much super you have and when you can access it
- Find ways to grow your retirement income
- Put plans in place to make your money last in retirement
- Determine when you can apply for the age pension and whether you are likely to be eligible
- Review your estate planning
How much money do I need to retire comfortably?
Working out how much is enough for retirement depends on many factors, such as your lifestyle, plans for the future, and the number of years you’ll spend retired. Additionally, estimating how much you’ll have when you plan to retire depends on factors such as your current salary, super balance and other assets.
That is why it is important to get sound financial advice.
To discuss your Retirement Planning needs please contact one of our qualified Financial Advisers at AMA Financial Planning on 1800 262 346.
