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“Pre retirement planning: It is never too late to start to prepare for retirement, but the earlier you start, the better.” – Anonymous Australian
As you approach retirement, it’s essential to have a solid plan in place. Our pre-retirement planning services are designed to help you transition smoothly into this new phase of life and prepare for retirement.
For expert pre-retirement planning programs, book a consultation with Setch Group today.
While it may feel like a long way down the road, it’s never too early to start thinking about your retirement.
Pre retirement planning, when done properly and professionally, will directly impact your quality of life in retirement and wealth accumulation during your work life. We assist our clients to prepare for retirement with a clear focus on their objectives and goals, and advise and implement the steps to prepare for retirement on their behalf.
As part of our pre-retirement planning service, we assist you with a “prepare for retirement checklist.” This checklist makes it easier for you to understand what you need to do and when you need to do it.
No matter your goal or location, we customise the checklist to your personal circumstances. Our clients have different objectives, goals and desires for retirement and it is with our support and planning that we can assist them.
Pre-retirement planning programs can seem difficult to comprehend, but with the right team, you can promote a clear and prosperous path to retirement.
The team at Setch Group are experts in helping you understand the interaction between your superannuation and pre-retirement planning programs, such as the transition to retirement. These programs have been designed to help Australians build their capital for retirement, and we have found that they can have a profoundly positive impact on our clients’ retirement.
Many Australians will either partly or wholly receive the aged pension from Centrelink for the whole or part of their retirement, and we work with you to understand the Centrelink system and your entitlements. We also assist you in making trade-offs in which your superannuation supplements your aged pension from Centrelink over time so that you understand your financial position and how it can be improved as you prepare to retire.
With our expert guidance, you can confidently navigate the financial challenges and opportunities that come with retirement. Get in touch with the Setch Group today for financial advice on pre-retirement planning. Let us help you create a pre-retirement plan tailored to your unique needs and goals.
Robert is 59 years old and single. He earns over $150,000 but still has a mortgage, a car loan and personal debt, and is somewhat exposed to rising interest rates.
Learn MoreCosta and Susan have two children and are in their early thirties. They have a mortgage and surplus savings, they are looking for ways to accumulate wealth and want to consider insurance.
Learn MoreMatthew is 49 years old and has children from a previous relationship. He has a house, a car, a boat and a motorbike but a low super balance.
Learn MorePeter and Aisha are in their 40s. Peter is in the construction industry but has not been happy with the performance of his superannuation. He notices that many of the large superannuation funds have investments in office buildings and is curious how infrastructure projects will perform financially as interest rates rise and the risks of these assets classes.
Learn MoreTransition to Retirement refers to the period when individuals start to reduce their working hours and gradually transition from full-time employment to retirement. It often involves accessing superannuation benefits while still working part-time or full-time to supplement your income if you reduce your work hours, or boost your super and save on tax while you keep working full time.
You can start a transition to retirement strategy once you reach your preservation age, which varies depending on your date of birth. Preservation age ranges from 55 to 60 years old.
A Transition to Retirement account allows you to continue to grow your super even after you reach preservation age and are still working. You can access your super in the form of an income stream, which is capped at a maximum of 10% of your super balance each financial year.
If you are age 60 or older, your TTR pension payments are tax free. If you are 55 to 59 you are taxed at your marginal tax rate, but you get a 15% tax offset.