If you have friends and family who are retired — or you are retired yourself — you may be wondering how to make the most of your money.
Perhaps you’re a few years away from retirement and still in the planning phase. Or perhaps you’re already retired and want to manage (and maximise!) your income efficiently.
So what are your income sources?
Chances are you have more than one source of income. But it’s worth remembering that different income sources impact each other. The goal, always, is to make your retirement as comfortable, stress-free as possible. After all, you’ve worked hard and deserve to enjoy it.
Income sources may come from:
- Age pension
- Sale of the family home
- Investments beyond your super
- Home equity release
You may even have some part-time work that produces extra income (hopefully without the responsibility of full-time employment).
What are your goals?
Before you put a plan together, it’s worth thinking about your goals. Perhaps you’ve had a dream holiday in mind. How much will you need? What source of income will fund it? Consider also, if you’re thinking of downsizing by selling the family home, how will this impact your age pension?
Get the support you need
Many aspects can affect your ability to make the most of retirement income. Everything from health concerns, the opinions and expectations from adult children, influence of friends, knowledge and awareness of your rights (and responsibilities). From our experience as Financial Planners, we know that guessing only leads to stressing. So it’s smarter to get the facts, get the support of an independent, qualified Financial Planner, and in this way feel secure and steady in your retirement years.
Because of our low overheads we can keep costs affordable and accessible. So don’t hesitate to book a consultation with us. Retirement need not be an uncertain period. You can maximise your income and we can help.