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Retirement Planning Melbourne

SAVING FOR YOUR FUTURE

Melbourne, consistently ranked as one of the world's most livable cities, offers an exceptional quality of life. As you approach retirement, ensure your financial well-being aligns with this vibrant lifestyle. 


Retirement planning services in Melbourne help you with superannuation planning, growing your investment, and estate planning so you come fully prepared for your golden years.

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.

Book an appointment to explore your RETIREMENT options in melbourne


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What can a retirement planner in Melbourne 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 are relatively healthy. However, they do not factor in the cost of living for each area.

Today, a single person's average living cost in Melbourne ranges from $399 to $451 per week without rent. This number will be significantly higher if we factor in inflation for the upcoming years.

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. They will also advise you on the most suitable investment strategies to grow your savings, considering the Melbourne market's specific trends and opportunities.

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 Melbourne can maximise your investments, potentially leading to higher returns.

Consider seeking professional guidance for retirement planning in Melbourne 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 Melbourne?

Consider these factors when choosing your retirement planner in Melbourne:

  • 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.

360FS: Your reliable retirement planner in Melbourne

We understand retirement can be confusing at the best of times. That’s why we’ve made it our mission to help you simplify your retirement plan and make smarter and more confident decisions with your money.

We want to change the financial industry for the better – helping you feel informed, empowered and ready to take charge of your financial future.

You’ll get a personalised financial roadmap based on your unique needs, goals and circumstances – with guidance through every step of the process. 

Contact us today.