Understanding the retirement landscape.
In Australia, our superannuation system plays a significant role in retirement planning. With the government encouraging saving for retirement by offering tax benefits, superannuation becomes an integral part of many Australians’ retirement strategies. But beyond superannuation, there are myriad other factors to consider.
What lifestyle do you envision for your retirement? Do you intend to travel? Will you maintain your current standard of living, or do you anticipate scaling down? Each of these questions plays a pivotal role in determining the retirement plan that’s best suited for you.
The cornerstones of retirement planning.
- Estimation of Retirement Needs
Your anticipated monthly expenses during retirement should account for housing, healthcare, recreation, travel, and unexpected expenses. Remember, inflation will impact your purchasing power in the future, so it’s essential to factor this into your calculations.
- Assessment of Current Financial Status
Begin by taking stock of your current financial situation. This encompasses current savings, investments, superannuation funds, expected inheritances, and other sources of passive income. - Risk Assessment
As with all financial planning, understanding your risk tolerance is crucial. It will shape the kind of investments you choose to include in your retirement portfolio.
Real people. Real triumphs.
I engaged with Chris Scriva of Mobius Wealth Management in 2010 and he has assisted us in getting through to retirement where we are unconcerned about money and we will have enough capital to live out our days and enjoying fishing trips.
Greg
We engaged Chris about 5 years ago in preparation for our retirement and move to the country. Chris Scriva has assisted us through this process, and we have made the transition to our lives in Tumby very easily without financial concern.
Patricia
Your partner in the Retirement Journey.
At Mobius Wealth Management, we’re committed to walking this journey with you. Our expertise, coupled with your aspirations, will ensure that your golden years are both comfortable and fulfilling.
We’ll develop a tailored retirement strategy.
Diversification of investments
Regular review and adjustment
Superannuation maximisation
Taxation
We understand the evolving challenges of retirement.
- Living longer
Advances in healthcare mean Australians are living longer. This can be both a blessing and a challenge, as longer life spans require larger retirement nest eggs. - Healthcare costs
With age, health concerns may arise. A comprehensive retirement plan will factor in potential medical expenses or long-term care needs.
- The changing nature of work
With the gig economy and shifts in traditional employment, retirement now often involves phases of part-time work or consulting. It’s vital to account for these changes in retirement planning. - Your partner in the retirement journey
Retirement planning is not a one-size-fits-all solution. It requires deep introspection, an understanding of the financial landscape, and a vision of the life you want post-retirement. At Mobius Wealth Management, we’re committed to walking this journey with you. Our expertise, coupled with your aspirations, will ensure that your golden years are both comfortable and fulfilling.
Make money matters simple.
The life you want shouldn’t have to wait until retirement. At Mobius, we’re here to demystify everything from debt management to tax strategies, helping you achieve your dreams sooner.