In working with so many retirees, we are finding that now more than ever the concept of retirement means something different to everyone.
Traditionally, retirement meant the end of your working activity. For most of you, what retirement really means is freedom with your time and doing things on your terms.
Once you are no longer working (or working less), you will need an ongoing passive income so that you can maintain your lifestyle in retirement without worrying that you will run out of money.
If you’ve ever felt uncertain or overwhelmed by questions like “am I saving enough for retirement?”, “how much money will I need when I stop working?”, or “should I be investing more for retirement?”, you’re not alone. These are some of the most common concerns people face when thinking about the future. Retirement planning advice can help you answer these questions with clarity and confidence, so you can make informed decisions and enjoy peace of mind, and live well in the retirement chapter of your life.
We take the time to understand what your goals are in the next phase of your life, so we can help you organise your assets to achieve them. To get started, you should ensure that you are clear about what you need for the following:
But it doesn’t have to be that way. With the right strategies and actions, you can feel confident and secure about your financial security in retirement. It is as simple as having the right amount of money available for you at the right time.
To ensure your cashflow in retirement is seamless, we set up different sources of retirement income to manage risks so your money lasts as long as you do. Common retirement plan strategies include:
Boost your retirement savings by making the most of contribution opportunities. We’ll guide you through concessional and non-concessional contributions so you can grow your super balance in a way that suits your goals.
If you’re selling the family home, you may be able to put some of the proceeds straight into super. Downsizer contributions can be a powerful way to give your retirement savings a meaningful boost.
Convert your superannuation savings into a regular income stream with an account based pension. We’ll structure your account-based pension to provide steady, sustainable, flexible and tax-effective payments so you can enjoy life with confidence.
Annuities can complement your other assets by providing a guaranteed income for life or a set period—giving you certainty no matter what markets do. We’ll help you decide if annuities are right for you and tailor them to fit your needs.
Your retirement doesn’t mean your investments stop working. We can structure a diversified investment portfolio which delivers regular and tax effective income returns.
Withdrawing from investments needs careful planning. We’ll create a drawdown strategy that balances your immediate income needs with long-term growth, helping your money last as long as you need it.
Keep more of what you’ve earned with investment strategies that are tax-effective. We’ll help you structure your investments and income to improve your take-home (after-tax) returns and cashflow.
Navigating Centrelink and the Age Pension can be complex. We can assist you to understand and optimise your eligibility for Centrelink benefits including the Age Pension. We guide you through the application process and help structure your assets to maximise your entitlements.
Plan for aged care needs with financial strategies that ensure you can afford quality care. We help you understand the costs and options available to make informed decisions.
Whether you’re helping family or supporting a cause close to your heart, gifting needs careful planning. We’ll show you how to give generously while ensuring it fits with your broader financial strategy.
Protect your legacy and ensure your wishes are followed. We will understand your wishes and ensure you have the right structure and strategies in place to achieve the outcome you want. From super death benefit nominations, wills, trusts, powers of attorney and other key documents – we’ll help guide you through the process.
Passing wealth to the next generation takes more than good intentions. We’ll develop strategies to reduce tax and transfer your assets smoothly and efficiently to the people who matter most.
Our retirement planning process follows a clear, step-by-step approach designed to help you understand where you are today, define your goals for the future, and build a strategy to achieve them. Each stage provides personal guidance, expert advice, and ongoing support to help you retire on your terms.
Get to know you, your goals, and your retirement vision.
This first meeting is all about you. We’ll explore what retirement looks like in your eyes, review your current financial picture, and walk you through how our process works, our fees and answer your questions. It’s the starting point for building a retirement strategy that reflects your lifestyle, values, and future aspirations.
Gather detailed personal and financial information and assess your current position.
We take a deeper look at your finances—from superannuation and investments to savings, debts, goals, household budget and income needs. This step helps us understand your spending habits, income requirements, and comfort with risk, giving us the insight we need to design the right plan for you.
Put your plan into action and implement recommended strategies.
We turn your retirement plan into reality. From setting up accounts and managing paperwork to liaising with super funds or Centrelink, we handle the details so you can focus on the bigger picture and living your life. The result is a plan that’s not just on paper, but working for you.
Adjust and refine your plan as life changes.
Retirement isn’t a “set and forget” process. We provide ongoing reviews and advice to keep your plan aligned with your goals and circumstances. Whether markets shift, laws change, or your lifestyle evolves, we’ll adjust your strategy so you remain on track for a secure and fulfilling retirement.
The next step is to work out whether you are on track and if not what actions can you take to make it a reality.
If you would like some help to figure it all out, the first step is to book a 15 min chat with a Pekada retirement financial adviser. From there we can work out what is the best next step for you and your retirement plan.
