Feel confident about when you can retire and what comes next
Retirement brings some of the biggest financial decisions you’ll make.
When can you afford to retire? How much will you need? What should you do with your super? And how do you turn the savings you’ve built over your working life into an income you can rely on?
Future Focus Financial Planning provides personalised retirement planning and financial advice to individuals and couples across Wollongong and the Illawarra.
We help you understand where you stand today, what your ideal retirement is likely to cost and the steps you can take to get there.
Are you starting to think seriously about retirement?
You don’t need to have retirement completely figured out before speaking with a financial adviser. In fact, that’s often the reason people come to see us.
You might be wondering:
Do we have enough to retire?
When can we realistically stop working?
Should we be contributing more to super?
How much can we comfortably spend in retirement?
Will we qualify for the Age Pension?
How should our investments change as retirement approaches?
Whether retirement is two years away or ten, understanding your position can give you more confidence about the decisions ahead.
Can I afford to retire?
This is one of the most important questions we help clients answer.
And there isn’t one magic number everyone needs to retire.
What you need depends on the retirement you want.
We consider things such as:
when you want to retire;
how much you expect to spend;
your home, superannuation and other investments;
debts and whether you will continue working;
your partner’s circumstances and retirement plans;
potential Age Pension entitlements;
travel, family assistance and other major expenses; and
what you would ultimately like to leave behind.
We can model different retirement scenarios to show what your financial future could look like.
For example, what happens if you retire at 60 instead of 65, contribute more to super beforehand or spend more during the first ten years of retirement? We can also consider how your plan may be affected if investment markets don’t behave as expected.
The aim isn’t to predict the future perfectly.
It’s to give you enough information to make good decisions about it.
Retirement advice can bring the pieces together
Depending on your circumstances, we can help with:
Retirement modelling
Understand when you may be able to retire and the lifestyle your resources can support.
Superannuation
Make the most of your super in the years leading up to and during retirement.
Retirement income
Turn your accumulated savings into an income strategy designed around your lifestyle.
Investments
Balance your immediate income needs with the need for your money to potentially support you for decades.
Debt Management
Develop a clear plan for managing or repaying debt while balancing your other retirement priorities.
Age Pension & Centrelink
Consider potential entitlements as part of your overall retirement strategy.
Tax
Consider the tax implications of how your superannuation, pensions and investments are structured.
Estate planning & aged care
Look beyond the first few years of retirement and consider later-life financial decisions.
Make retirement about your life, not just your money
Retirement planning can easily become an exercise in accumulating as much as possible and then trying not to spend it.
We think there's a better way to look at it.
Your money has a purpose.
That might mean travelling while you're healthy enough to enjoy it, helping your children, spending more time with family, pursuing interests you've put off while working, supporting causes that matter to you, or simply enjoying everyday life without constantly worrying about money.
Understanding what's important to you helps us build your financial strategy around the retirement you actually want to live.
Retirement financial advisers in Wollongong
Future Focus Financial Planning is based in North Wollongong and helps clients throughout Wollongong and the Illawarra prepare for and make the most of retirement.
Our approach starts with understanding the life you want to live before determining how your superannuation, investments and broader financial strategy can support it.
Meet our advisers and learn more about how we work.
Ready to start planning your retirement?
You don't need to have retirement figured out before talking to us.
Let's work out where you are today, what you want retirement to look like and what you can do to get there.