Ask any Australian who is currently in the workforce to list their financial goals and 100% of them will list one of them as having enough income in retirement. With superannuation being the cornerstone of any retirement funding strategy, it is essential to make the right decisions about the type of fund and the investment mix. With life expectancies ever increasing, having enough income in retirement is more important than ever.
So how can a Vantage Financial Advisor assist in retirement planning?
Understanding your goals
During the discovery meeting, a Vantage Financial advisor will assist in identifying your retirement goals. These retirement goals are calculated in relation to your required retirement income (in today's dollars), adjusting this for inflation and then calculating the required amount of lump sum income producing assets (for your intended chosen retirement age).
Delivering the right strategy
Based on this information, we will formulate strategies and recommend the right superannuation structure, contribution strategy and products to best facilitate the achievement of your retirement goals.
As part of any financial plan we prepare for our clients, determining if you are on track or not to meet your retirement income goals is essential. For those clients that are on track, our role is to review their situation to make sure they stay on track, up to and post retirement. For those clients who are not on track, it’s about implementing and reviewing those strategies that will best get you there.
Superannuation is a complex investment vehicle and that’s why it’s important to seek advice from a qualified financial adviser.