Retirement Checklist

If you’re contemplating retirement in the next few years, here’s a few points to consider:

How Much Money Will You Need to Retire Comfortably?

Have you started planning for retirement or reassessed your financial situation?

Have You Applied for the Age Pension?

The age pension can help ensure you have a safety income for your retirement. To check your eligibility, visit Centrelink’s website.

Are you financially covered for long life expectancy?

What if you lived beyond your life expectancy? Will your current investments cover you for a long and comfortable retirement then?

Have you got an up-to-date Will?

It is important to update your will if your circumstances have changed.

Have you spoken to your solicitor about a Power of Attorney?

A power of attorney is an important document should you become unable to make decisions about your care and financial situation.

Have you spoken to a financial adviser?

A financial adviser can help you assess your financial needs and recommend appropriate options for your situation. It is important to take control of your finances sooner rather than later so that your savings and investments will provide you with financial peace of mind during retirement.

For more information, contact Ivan Ang* on (02) 9011-5820 or ivan.ang@fitz.com.au.

*Ivan Ang is an Authorised Representative of Fitzpatricks Dealer Group Pty Ltd ABN 33 093 667 595, Australian Financial Services Licence Holder (No. 247 429). The information in this article has been prepared without taking into account your objectives or financial situation. Because of this, we recommend you consider, with or without the assistance of a financial adviser, whether the information is appropriate for you.

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