Retirement Planning

Develop a retirement strategy to suit your personal circumstances and help you reach your retirement objectives.

Introduction

When it comes to planning your retirement there is a lot to consider and there are many questions. How much do you need to retire? Where should I invest my money? How do I preserve my capital? How much tax will I pay? Will my family be okay?

Regardless of how much you need, it’s important to start planning early to ensure you have sufficient savings to do the things you want in retirement.

Core Wealth Advisors can help you develop retirement strategies that suit your personal circumstances and help you reach your retirement objectives, so you can have the retirement you have dreamed about.

How much does it cost to retire?

According to the Association of Superannuation Funds of Australia*, to achieve a comfortable retirement at age 65, retired singles who own their home will need to spend $44,011 a year and couples $60,457 a year.

With our average life expectancy increasing (women 87 years and men 84 years) we also need to budget for more time spent in retirement. For example, if your goal is to retire when you are 65, you would want to plan for at least a 20 year retirement.

Work out how much you will need to retire by using the retirement calculator provided by [Money Smart](https://www.moneysmart.gov.au/tools-andresources/calculators-and-apps/retirement- planner).

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Core Wealth Advisors Pty Ltd (ABN 21 623 746 430) are an authorised representative of Core Advisor Group Pty Ltd (ABN 19 109 451 916) which holds an Australian Financial Licence (No: 281394) and is a Registered Life Insurance Broker.

Past performance is not an indication of future performance. In preparing this content, individual circumstances, for example tax implications, have not been taken into account and it may, therefore, not be applicable to an individual’s situation. Before making an investment decision, you should consider your circumstances and whether the information is applicable to your situation, personal objectives and circumstances.

As this information (including the statements on taxation which are of a general nature only and based on current laws, rulings and interpretation) has been prepared without considering your objectives, financial situation or needs, it is not to be considered as advice; you should, before acting on this information, consider its appropriateness to your circumstances, objectives, financial situation or needs.