Retirement Planning For Over 50s
If you’re over 50, it’s safe to say retirement may be on your mind. As we approach retirement, we mull over our retirement options more and more frequently until it’s all you can think about. It’s perfectly fine to think about how you plan to spend your time, but we hope it’s not something you spend time worrying about.
Whether you have saved for retirement your whole life or you got a late start, you can make your money work for you and secure your future with the help of the MyFuture team. Our expert financial advisers will help you achieve financial freedom so you can look forward to your retirement years.
It’s never too late to create a retirement plan. Whatever age you get around to it, our financial experts at MyFuture will guide you through your options and the best strategies to pursue the retirement lifestyle you want. We want to help make your retirement years as enjoyable and comfortable as possible.
Retirement Planning For The Over 50s
If you aren’t retired yet, our experience has shown that living your dream retirement takes planning to get there no matter what age you start. If you’re over 50 years old and haven’t yet started your retirement planning, it’s not too late to make the right moves. Your dream retirement is still within reach if you start today. Depending on when you plan to retire, what assets you hold, and what level of risk you are comfortable with, a combination of investments and savings strategies will ensure your retirement years can be enjoyed free of financial worries.
If you are already at retirement age or are already retired, don’t fret. The MyFuture team can help you make the most of the resources available to you with a financial plan that takes into account your goals. With proper budgeting, investments and savings, and maximising your assets, your retirement can be everything you want it to be.
Planning for retirement can be a lifelong process, so we suggest that you:
- Start planning as early as possible
- Determine your ideal retirement age
- Picture your ideal lifestyle (to understand how much that lifestyle is going to cost)
- Explore your ideal location
- Evaluate your savings plan
- Adjust your finances as necessary to make your dream retirement a reality.
Understanding these factors when planning for retirement will ensure you’re better equipped to achieve the retirement lifestyle you want. Get in touch with MyFuture today for your FREE, no obligation Discovery Session to get started!
Get Ahead With Quality Financial Advice
Our Qualified Financial Advisers can help you achieve your goals with a tailored financial plan and proven financial expertise.
Retirement Planning Goals
Ask yourself the important questions to take the first step towards your bright future. Your answers will guide the retirement planning process and help you identify your retirement priorities.
Whether you have more traditional retirement plans to live comfortably and simply or if you have loftier goals of a luxurious lifestyle, with the right amount of planning and time, they are possible. Whichever path you follow to your dream retirement, we’ll help you put the plan in place to get there.
It’s important to ask yourself these questions when making a plan for retirement:
- How much income do you have or expect to have to retire?
- When would you like to retire?
- Where do you want to live?
- What are you looking forward to?
- What lifestyle do you want for retirement?
- Do you intend to take any trips or make any large purchases?
- Do you want to continue working?
- Do you have any health concerns?
- What are your debts?
Once you’ve thought about how you intend to spend your retirement years, there are some more practical questions that will guide you in figuring out how much you need to save:
- How much do you normally spend from month to month?
- What is your life expectancy?
- How much money do you have saved?
- How long do you have to save and invest for retirement?
- What wealth building sources are available to you?
How Can A Financial Adviser Help You Retire
At MyFuture, we do the hard work so you don’t have to do the guesswork. Our experience and expertise have provided us with a world of relevant knowledge that we’re ready to put to use for you.
We want to make financial advice accessible for everyone and ensure you’re well prepared for your future retirement plans. With the help of qualified financial advisers, you can create a retirement plan that expands your retirement options and provides the financial security to live the life you want.
You don’t have to navigate this alone. Contact MyFuture for a FREE Discovery Session today.
What is our 6-Step Financial Advice Process?
The 6-step financial advice process is the international benchmark for financial planning. This holistic approach is proven to increase the likelihood of you achieving your financial goals.
Discovery Session
This is our opportunity to get to know you better, understand your financial goals (short, medium and long-term), and what resources you have to achieve those goals.
Research & Recommendations
During these steps, we do the research, run the numbers, document and present our recommendations to you. This can be a comprehensive financial plan focused on long-term wealth creation and/or a statement of advice focused on your more immediate financial needs. We will need to verify the information you provided during the Discovery Session by requesting supporting documents such as loan and savings account balances, payslips, etc. This ensures we are using highly accurate information when developing our recommendations.
Implementation
This step is all about implementing the recommendations. We don’t just provide the recommendation; we take responsibility for helping you implement it. This could involve helping you to complete application forms, working with a broker to restructure your lending, or finding you suitable investments. We understand you’re busy, so our goal is to make your financial world as easy as possible by doing as much as we can in-house for you. However, ultimately, we never have access to your money and cannot sign anything on your behalf, so you need to be an active, willing, and ideally enthusiastic participant in this process.
Ongoing Service & Reviews
This is where the real fun begins—managing and tracking your long-term financial success. We have periodic reviews to ensure your strategy is still appropriate if your goals or circumstances have changed. We adjust when necessary and provide annual snapshots so you can see your progress over time. Most importantly, you have your very own trusted Personal Financial Adviser available anytime to help with the little or big stuff. Worried about making next month’s mortgage repayments? Call us. Your parents gave you an early inheritance? Call us. Broke up with your partner and split all your assets? Call us! We’re here for you every step of the way to ensure that whatever life throws at you, you stay on track with your long-term financial goals.
Frequently Asked Questions