Within Retirement - Retirement Investment Planning

Senior couple enjoying their retirement after consulting with Plan4wealth

Retirement Financial Management: Living the Dream

Entering retirement is an exciting phase of life, but it comes with its own set of financial challenges and opportunities. Managing your financial affairs in retirement is crucial to ensuring that you can enjoy the retirement lifestyle you've envisioned. At Plan4Wealth, we offer comprehensive Post Retirement Lifestyle and Wealth Management services designed to help you navigate the complexities of financial planning during retirement with peace of mind.

What's Involved in Managing Your Financial Affairs in Retirement?

Managing your financial affairs in retirement goes beyond simply having savings in place. It involves a strategic approach to:

  1. Meeting Retirement Goals: Accessing savings as planned to pursue your retirement goals and aspirations, whether it’s traveling the world, pursuing hobbies, or helping family out financially.
  2. Sticking to a Retirement Budget: Developing a plan, and amending it from time to time, to live within your planned retirement budget, including expected expenses and income sources.
  3. Maintaining Emergency Funds: Being prepared for unexpected expenses by continuing to hold an emergency fund in ‘safe’ investment options.
  4. Centrelink Liaison: Keeping your centrelink records up to date, and accessing further entitlements when available.
  5. Monitoring Investments: Having a plan to regularly monitor and adjust your investments, in line with your changing appetite for risks.
  6. Investing an Inheritance: If you’ve received an inheritance, making informed decisions on how to invest or manage these assets.
  7. Exploring Downsizing: Consider downsizing your home as a way to free up capital or reduce living expenses when the time is right.
  8. Accessing Aged Care Services: Exploring financial options and aged care services, to access quality care of your timing and choosing, without compromising your financial well-being.
  9. Leaving a Legacy: Planning how to leave a meaningful legacy for your heirs or charitable causes.
  10. Estate Planning Considerations: Planning for your assets to be distributed according to your wishes through comprehensive estate planning.
Two Australian seniors are re-evaluating their retirement lifetyle-wealth management

Who Benefits Most from Assistance with Post Retirement: Financial Management?

While everyone can benefit from assistance with good financial management, retirees stand to gain the most from this ongoing support, regardless of whether their financial situation is straightforward or complex. However there are key events in life that require additional support, such as the first year after retirement, during times of extreme market volatility, receiving inheritances, downsizing or transitioning into Aged Care.

Why Choose Plan4wealth for your Post Retirement Planning?

At Plan4Wealth, we understand that every individual’s retirement goals are unique. Here’s why you should choose us:

  1. Expertise: Mary Benton, our highly qualified advisor, has decades of experience in helping clients achieve their retirement goals. Her personalised approach and friendly communication style ensures tailored solutions that bring you peace of mind.
  2. Comprehensive Services: We offer a wide range of retirement services, from optimising superannuation contributions to maximising Centrelink entitlements. You’ll find everything you need under one roof, so we can take away the pain of working it all out for yourself in a piecemeal approach.
  3. Proven Track Record: With over 200 satisfied clients and outstanding Google reviews, our reputation as the best financial planner in Melbourne and Pakenham is well established.

Our Post Retirement Services

Our retirement planning services include:

Regular reviews of your Retirement Budget and Retirement Savings

To ensure they remain sufficient to fund your dream retirement, especially in this era of living longer amidst extreme market volatility and cost of living changes.

Regular reviews of your Retirement Investments

To ensure that your cashflow timing and amount continues to meet your individual lifestyle requirements.

Emergency Funds

Ensuring you maintain these funds in a risk-free manner while optimizing returns.

Centrelink Liaison and Further Claims

To help you keep your Centrelink records up to date, especially as your circumstances change or you need to go on income reporting, including assisting you to claim any further entitlements as they become available.

Downsizing Considerations

Acting as a sounding board for your decisions about “when / where / what / why” you want to downsize, including investing any released equity tax effectively to meet your overall goals.

Inheritance Management

To assist you in making informed decisions on how to manage and invest any received inheritance, as well as the impact on your Centrelink entitlements.

Legacy Planning

Holding difficult conversations around leaving a meaningful legacy for your heirs or charitable causes, including how you might structure your estate plan to minimize tax implications where possible.

Estate Planning Considerations

Holding those challenging conversations with you, as you review your estate plan, to ensure your assets are distributed according to your wishes, tax effectively where possible.

Being a Point of Contact on Adhoc Financial Matters

Assistance with other adhoc financial matters, such as claiming ‘unclaimed monies’ or advising on scams or helping set up mygov (because seriously, could the government have made it any harder?)

Take the First Step to Financial Management!

Following the structured Post Retirement Management service offered by Plan4Wealth helps give you peace of mind so you can enjoy the retirement lifestyle you’ve always dreamed of without the stress of financial uncertainty.

Take the first step towards a stress-free retirement by contacting us todayBook a free call today!

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