Are you ready to retire? Take advantage of the benefits before it’s too late.

Are you ready to retire? Take advantage of the benefits before it’s too late.

Retirement is your time to shine. It’s an opportunity to do the things that you have always wanted to do, like travel or take up new interests. Of course retirement means different things to different people, but like most things in life if you are prepared for it you will probably find it all the more rewarding.

With time still on your side, now is a great time to consider your retirement options. A flexible option for retirement is an account based pension, which provides you with a regular income in your retirement.

There are many benefits of an account based pension. It offers flexible payment options and amounts¹, you have access to a wide range of asset classes to invest in, you can track your savings online, and you can nominate a reversionary beneficiary for your account.  But of course, you always need to make sure that any retirement strategy is right for your circumstances.

The current treatment of pensions allows some pensioners to take a superannuation income stream with little or no income assessed by Centrelink, making them an attractive form of income for retirement.

What is changing from 1 January 2015?

From 1 January 2015, changes will apply to any new pensions opened. These changes relate to the way pensions are assessed for social security income test purposes and may impact future government pension eligibility. If you’re currently eligible to receive a Centrelink/DVA pension or allowance and are thinking about starting an account based pension soon, there is still time to benefit from the current pension rules.

Why not give us a call today on 07 3848 1088 or email  and we can discuss your options and what suits your particular circumstances before time runs out.

We look forward to hearing from you soon.

 If you are over 55 then it is worth meeting for lunch here.

If we were in your position what do we do for you so that you are financially & personally better off in three years time.

Yours sincerely

John McAuliffe

This document may include general advice but does not take into account your individual objectives, financial situation or needs. You should read the relevant Product Disclosure Statement (PDS) carefully and assess whether the information is appropriate for you and consider talking to a financial adviser before making an investment decision.

What are the fundamental needs of your financial life, for you?

These would be our basic financial needs that must be satisfied & provide you & I with a sense of security.

They provide you & I  with a foundation to build on such as  security, choices, no stress, pay bills, no debt , financial freedom & having options that we might want to follow.

Yes those are fairly generic goals that we all have.

As Catherine & Bill had on Saturday they could be

·         Reducing the B deductible debt now that their mortgage is all deductible.

·         Having a ‘great job’ where no other department is paying so well.

·         Having a similar lifestyle on their retirement.

It might be the call from two different clients whose children were wanting to buy a house. The children maybe wanted ‘security’ & maybe ‘independence’ or ‘options’ not that a 10% house deposit is going to give them that.

Why do we ask this  question?

After your house has been drawn up by the architect you then start out preparing the ground for the slab. Your house needs great foundations. You & I start out on building our financial house & we use the  plan.  We need to agree on the foundations.

We then want the best strategy for the next year to kick these goals. This is why the builder  always looks at what the draughtsman has drawn up. He does need to know what your tastes are.

Initially we are all motivated to satisfy our basic survival needs.

If a picture says a thousand words then this did for us

 

So this picture summarises where our basic fundamental needs are. I.e. security.

Ego is all those details & milestones  that we focus on. Aspirational is a good word.

The stages & the ‘furlong posts’ in the race of life.

“keeping up with the Joneses”  comes to mind but that’s unfair.

For Catherine & William this year means trips to Japan & Vietnam to see their son, completing their renovations by painting the house  & enjoying work.

They needed to know what is the best way forward to ‘ticking the boxes’ or to maximise their chances of achieving these lifestyle outcomes.

Fulfilment at our age resonates with ‘the Six stages of man’. 

We used the word ‘legacy’  with Kim today.

 Keith just delivered our No 1* prevention health story & we asked’ what are your goals for the next financial year?

‘Work Hard’

Why?

‘Earn more income’

Why?

‘Just do’

There is no why do his work or perhaps why he is prepared to tell us or himself?

If we are to take a snapshot of our building what do we want to view?

 I.e. what do we want to be remembered for?

It provides you & I with our ‘Why’ which is an even harder question.

Whoops ‘ the meaning of Life’.

So now that you have stated your ‘foundations’ then let’s start this ‘feel good’ financial stage.

‘If you & I are to sit down in three years time what do we need to do today so that you are better of personally & financially.

As others do’   I need your advice. You are very wise and happy person I ever met’

call us on 07 3848 1088 or email us or visit our websites

Lets provide some certainty. 

Lets maximise your chances of achieving your financial objectives.

We observe that at the World Cup & also @ Wimbledon that all have coaches.

 How come? Do you have a financial coach??.

Or NEXT

John McAuliffe