Deciding when or how to retire is not something that should be done when someone reaches age 60, not even age 50. The best way to secure a retirement free from financial stress is to start planning as soon as possible.

Retirement can be seen as a small priority when in your 30’s or 40’s, as there are so many other things that you can do with your money. By putting a small amount towards retirement in your 30’s or 40’s you are reducing the amount you need to put away in your 50’s and 60’s.

Here are some things that need to be considered when looking at planning for your retirement:

  • How much will I need to retire on?
  • What is the best way to fund my retirement?
  • Should I worry about retirement savings now or later in life?
  • Are you my employer contributions enough to retire on?
  • Can I claim a tax deduction for my super contributions?
  • How do I choose a suitable super fund to hold my retirement savings?
  • Is it better to bring all my superannuation together under one fund?

How we can help you when planning your retirement:

  • Help you set short, medium and long term goals and discuss allocating funds to each.
  • Provide an analysis around your retirement savings give you an indication of how much you will need to fund your required lifestyle.
  • Provide advice around your superannuation products and recommend one that is suitable to your needs.
  • Discuss the strategies available in contributing to your superannuation.

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Our Financial Planning Hub Calculators & Forms

Caution: These calculators are provided by the Financial Planning Hub and are not provided, approved or endorsed by AMP Financial Planning. Using these calculators may provide a useful starting point. However, they are guides only and do not constitute expert, licensed financial advice. Calculators should not be used as the basis for any financial or investment decision. You can build a full understanding of your financial position by working with a qualified financial planner to develop a plan based on your personal situation. Contact us for advice tailored to your goals and needs.

You can access a range of fund managers through products approved by AMP Financial Planning:

Amp Capital BlackRock BT Investment Management Challenger Colonial First State Fedility Maquarie Perenial Investment Partners Perpetual Schroders UBS Vangaurd Investments Aberdeen Arnhem Investment Management