Easing into retirement and building your legacy

THE best time to start planning for retirement is as early as possible. Educating yourself early gives you the best chance of reaching your long-term goals.

Strategem Investment Services’ advice is that it’s never too early to start planning for retirement.

The earlier you start putting strategies into place, the more time you are giving yourself to prepare for a financially secure future.

Three pillars that build the foundation of a financially stable and stress-free retirement are…

Setting your goals

The first thing to ask is ‘where do you want to be in retirement?’

By understanding what you want from retirement, and what goals you want to achieve, gives you a scope of what financials you will need. From here, you can work backwards, and implement strategies that will see you achieve success.

Your plan will also include how you plan to replace your salary. It can be a big adjustment when the income stops coming in, however understanding what revenue will be used to replace your income is important.

Tax Optimisation

This is where working with your Financial Advisor can really help you. Understanding the tax optimisation options available to you can help you save money you didn’t realise was possible.

Building a Legacy

While you may know where you want your money and assets to go when you pass, having it documented and set up correctly is vital. It’s about making sure your family are prepared during an emotional time, and leaving them in an organized state.

Take the time to document your ‘life admin’.

When referring to life admin, this is things like superannuation providers, insurance providers, usernames and passwords to all relevant accounts, having an up to date will and noting who your solicitor is.

It’s these small things that can make a huge difference to your family when the time comes to ensuring your legacy and assets are passed on according to your wishes.

From hearing about your retirement dreams, to implementing tailored strategies to help you get there, Strategem Investment Services staff are passionate about working with you to understand and reach your goals.Ultimately, allowing you a stress free transition from the workforce into retirement, knowing you have financial security to make the long awaited step.

If you’re ready to start talking about retirement, book an appointment with Head of Advice, Kris Tatt.

Strategem Investment Services

(03) 5445 4777

strategem.com.au

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