40 needs to be the new 60!

61… That’s the average age of Australians when they start thinking about retirement and what life looks like after work.  61…!?

As retirement planning specialist advisers, we know that this leaves precious little time to implement important strategies and to make the most of investment and compounding returns. 

I get it.  Superannuation and retirement planning can be scary and complex and it is natural for people to just put it in the too-hard basket.  And then there are the BBQ chats… Friends, colleagues and family telling you what you should do.  How does the Centrelink age pension even work?  And don’t forget the media, who seem to have a different opinion every week (whatever sells papers…right?).

At the end of the day, it’s not all just about the dollars and cents.  What matters most is the lifestyle YOU want to enjoy once you do not have a regular employment income coming through the door!  The ultimate result of not addressing your retirement needs is that your lifestyle is not what you envisaged it to be.  And that’s a position we do not want to see anyone in.

So maybe we need to start getting the message out there that 40 is the new 60!  This is when people are hitting their straps professionally, have started a family and are working towards paying down their mortgage and investing their hard-earned cash savings!  With guidance, Australians can reap massive advantages from tax-effective strategies to place them in the best position possible for their eventual retirement.  

If you are nearing retirement and have not put thought into your options, strategies or what retirement is going to look like to you, then now is the right time – after all, it’s better late than never.

For more information on how we can help you plan for YOUR ideal retirement, contact us at Collective Wealth Advisers.  We tackle today, and tomorrow, together!