You are at the final stage of your working life. You have extra savings capacity due to lower debt levels (or debt free) and your children are no longer dependant. You are increasingly thinking about retiring. Over your working life you have accumulated wealth by building up your investment portfolio and have reduced and/or paid off your debts.
At this stage of life, it is important to start planning for retirement as early as possible to give you sufficient time (ideally at least 5 years before retirement) to get you financially ready for retirement.
Whilst you are still working, you can prepare for retirement by:
We can all benefit from financial advice, the sooner you start preparing for your retirement the better… but you should certainly consider seeking financial advice BEFORE these key times… so that you can make smarter money choices.
Some key times to consider getting advice are before you:
Whilst it is never too late to start planning, the earlier you start the more likely you will achieve your retirement goals.
To retire sooner and help turn your retirement into reality, contact us and speak with your local Gold Coast Financial Planner today.
Contact us today