SAVING FOR YOUR FUTURE
With the global economy on shaky ground, it has never been more urgent to engage a retirement planner in Kew. Thankfully, Kew is a resilient suburb of high living standards, fantastic infrastructure, and a vibrant economy. A retirement planner can help you with optimal superannuation planning and the right retirement advice. You can ensure your golden years are financially secured in Australia’s coolest city of Melbourne.
What is a retirement planner?
A retirement planner is a financial professional who specialises in guiding people towards a secure financial future after they stop working. They help people create a roadmap to a comfortable and fulfilling retirement.
A retirement planner’s role encompasses giving investment advice based on your current financial landscape. They assess your income, expenses, assets, and liabilities, and with this information, they help you envision your ideal retirement lifestyle and translate those dreams into concrete financial goals.
What can a retirement planner in Kew do for me?
According to the latest Association of Superannuation Funds of Australia’s (ASFA) Retirement Standard, you need:
- $632.98 per week if you’re single and want a modest lifestyle; $992.88 if you prefer a comfortable retirement
- $911.28 per week for a modest lifestyle if you’re a couple and $1,397.36 for a comfortable one
These numbers assume you own your own house and do not factor in the cost of living for each area.
A retirement financial advisor in Melbourne can help you determine the exact amount you’ll need to retire comfortably, given the city’s unique cost of living.
A local planner understands the Kew property market and can advise whether downsizing could boost retirement funds. They can also explore investment opportunities tailored to the Kew economy to grow your money.
Essentially, a Kew-based retirement planner offers in-depth knowledge of the local financial landscape, providing tailored advice to help you achieve your retirement dreams.
Is it worth paying a retirement planner?
Many people find significant value in hiring a retirement planner for the following reasons:
- Retirement planning involves complex financial strategies, tax laws, and investment options. A planner brings specialised knowledge to guide you.
- Planners can provide unbiased advice, helping you avoid emotional decisions.
- Managing your finances can be time-consuming. A planner can handle the research and paperwork.
- Knowing you have a solid plan can reduce financial stress.
- A skilled retirement planner in Oakleigh can maximise your investments, potentially leading to higher returns.
Consider seeking professional guidance for retirement planning in Kew if your financial situation is complex. Multiple income streams, inheritances, or significant debt can make managing your finances challenging.
Perhaps you’re unsure about investments, taxes, or retirement accounts. A retirement planner can be a valuable resource.
When is the best time to hire a retirement planner?
The best time to hire a retirement planner is, ideally, several years before you plan to retire. This way, you can maximise your savings and investment growth over time. A retirement financial advisor can also identify potential risks early and develop proactive measures to protect your assets.
That said, even if you’re closer to retirement, a planner can still help you assess your current financial situation, create a retirement income plan, and implement strategies to optimise your retirement lifestyle. It may not be the dream retirement you want, but a skilled planner can help you make the most of your circumstances and enjoy your golden years to the fullest.
How do I choose a retirement planner in Kew?
Consider these factors when choosing your retirement planner in Kew:
- Your goals. What do you hope to achieve with a retirement planner? Are you seeking general advice, investment management, or comprehensive financial planning?
- Your budget. How much are you willing to spend on planner fees? Does the planner’s fee structure fit your budget?
- Certifications. Check if they hold an Australian Financial Services Licence (AFSL) or are authorised by an AFSL holder.
- Experience. Seek a planner with a proven track record in retirement planning.
- Investment philosophy. Check whether their investment approach aligns with your risk tolerance and long-term goals.
Most planners offer initial consultations at no cost. Prepare a list of questions to assess their expertise and compatibility.
Frequently Asked Questions
What does a financial planner actually do?
A financial planner helps you make smarter decisions with your money, whether that’s managing cash flow, reducing debt, investing, protecting your family, or planning for retirement. At 360FS, we take a whole-of-life approach that connects every part of your financial world.
Is the first call really free?
Yes, our 15-minute Clarity Call is completely free and obligation-free. It’s a chance to understand your situation, answer your questions, and see if we’re the right fit to help.
Do you only work with people in Melbourne?
Not at all. While we’re based in Camberwell, we work with clients all over Australia via virtual meetings. Many of our clients prefer the flexibility of online advice and check-ins.
Can I get mortgage advice and financial planning in one place?
Absolutely. That’s what makes us different. Our mortgage brokers and financial planners work together under one roof, so your lending strategy always supports your bigger financial goals.
I already have super and insurance, can you still help?
Yes. Most people do, but that doesn’t mean it’s set up correctly or working as hard as it could be. We’ll review what you’ve got, simplify where we can, and help you get better results with less stress. Plus, we may identify areas of your financial life that need focus and attention that you may not have considered.
What if I’m not ready for a full financial plan?
That’s totally okay. We offer smaller, topic-specific advice options, like mini financial plans, to help you take the first step at your own pace. It’s a great way to get started without feeling overwhelmed.
