Hello and welcome back to the 360 Money Matters podcast! One of the questions our clients frequently ask us is, “How much money do I need when I retire? How do I get started on it?” Just like financial strategies, the definition of retirement varies from person to person, depending on their personal circumstance, so you want to find the strategy that best fits you.
In this episode, we’re going to give you all a rundown on retirement including strategies and benchmarks that will not only help determine your retirement income while giving you the ability to live off of your assets without depleting them too quickly. Additionally, we’ll talk about superannuation once more and how it serves as a critical component in your retirement strategy from a tax benefit perspective.
You want to make sure that the income you’re deriving goes towards supporting your lifestyle and ensures a comfortable life during retirement so don’t miss out on this episode!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• The definition of retirement.
• The key driver behind your retirement fund.
• Why you need less money in retirement.
• Benchmarks to help determine your pre-retirement income.
• Superannuation and income tax.
• Developing an early retirement income plan.
