Retirement planning | Hewison

Retirement planning

Retiring with financial confidence is harder to come by these days, particularly given the need to navigate capital security with long-term growth and while being faced with ongoing headlines of lofty equity valuations and historically low-interest rates.

To avoid being caught off guard when it is your time to retire, here are four curveballs to look out for.

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.au

Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.

Retirement planning

Senator Hume was quoted as saying “people need to be confident to spend not hoard” and that “an increase in super would come at the expense of wages”. There were further comments made by so-called “experts” suggesting that annuity type superannuation income streams should be mandated to stop retirees living off the income generated by their superannuation and leaving capital balances to estate beneficiaries.

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.au

Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.

Retirement planning

A generally well-planned retirement strategy should allow for a smooth transition from a reliance on income generated through your employment or business ownership, to that of income generated from more passive sources, such as investment income. This is needed as your employment and/or business activities wind back and eventually stop.

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.au

Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.

Retirement planning

Private Client Advisers from Hewsion Private Wealth met with Ray and Wendy to learn about the couple’s long and short-term goals and objectives. Ray had worked hard over the years to accumulate a significant asset base and he did not want to see it decline over time. In response, Hewison developed a financial plan that included investment across a diverse range of assets, such as Australian and international shares, property, fixed interest and cash. 

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.au

Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.

Retirement planning

But why use a mechanic when anyone could change a spark plug, top up the oil and put some air in the tyres. But, is this all a mechanic does? Of course not! A mechanic is trained to keep your car in ‘good health’, identify problems before they stop your car from running smoothly and help you get back on the road sooner if something goes wrong.

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.au

Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.

Retirement planning

Obviously, investment returns are a big factor in whether your financial goals and objectives can be achieved but there’s more to it, which can mean less worry when it comes to your finances.  

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.au

Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.

Retirement planning

The article concludes with retirees explaining how they are now placing more of their investments into higher risk fixed interest assets to ensure they can continue to eke out enough income to live. 

The current one-year term deposit rate is around 2% per annum, whereas the current annual inflation rate in Australia was 1.6% at the end of June.   

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.au

Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.

Retirement planning

1. Work out what you’ll need 

The Association of Superannuation Funds of Australia (ASFA) estimates that to support a modest lifestyle, an individual who owns their own home will need an annual income of $24,506; and a couple will need $35,189. 

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.au

Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.

Retirement planning

It would be fair to say that financial freedom is essentially achieved when you can make choices without being stressed or concerned about the financial impact. How good does that sound?

As Financial Advisers our role is not all about investments and portfolio management. These are just the tools we can use to assist our clients in meeting their objectives. Focusing on these factors first without even considering what financial freedom means to each of our clients is like putting the cart before the horse.

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.au

Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.

Retirement planning

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.au

Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.