Your retirement dream may be lavish, or it could be to simply not worry about money. But one thing remains the same — when you plan to retire will often be determined by whether you can afford to stop working and still have enough income to maintain your lifestyle.
The Australian Bureau of Statistics has found that 70% of Australians intend to retire when they reach 65 years of age or older, and the main factor influencing their decision on when they plan to retire is 'financial security'.*
But what if you dream of an early retirement? What if you want to feel empowered with the choice of reducing your work hours when you want to, rather than when your income dictates it? Or maybe you simply envision a comfortable retirement where you can maintain your current standard of living, and be free from financial worries?
*Source: Australian Bureau of Statistics, 6238.0 — Retirement and Retirement Intentions, Australia, July 2016 to June 2017
Most people don't start thinking about their superannuation until they near retirement, but early action could make a huge difference to your retirement savings.
With superannuation being one of the most effective investment vehicles for retirement savings, it's never too early (or too late!) to start engaging with your super. And we have just the team to assist you with this.
At Gallagher, our super specialists can craft a tailored plan that allows you to achieve the satisfying and meaningful retirement you aspire to. From decisions around which super fund and investment strategy is most suitable for you, through to tax effectiveness and transition to retirement considerations, our expert advisers ensure no stone is left unturned when it comes to your dream retirement.
