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#4 - Retirement Planning

Retirement planning is an incredibly important step in everyone’s life, regardless of age or profession.  After all, everyone wants to live comfortably and enjoy themselves in retirement.  So, it is essential to begin preparing and planning for retirement as early on as possible.

Statistics show you will probably spend at least 20 years in retirement - hopefully many more.  So it's important to develop an appropriate plan to ensure that the dividends of your hard work last throughout your retirement years.

With most of your income earnings years behind you, it is critical that you protect and preserve everything that you invested your entire life to earn and accumulate.  You need to protect what you can't afford to lose and develop predictable and tax efficient income strategies that will continue on long after you are no longer able to work.

The amount of money that is required for your retirement is highly personal and will depend of factors such as individual current lifestyles, general state of health, retirement assets, risk profile and the tax efficiency of investments. 

Estate planning, although important at all stages of life, is especially vital during the transition to retirement phase and actual retirement phases.  In simple terms, estate planning means having your affairs in order, enabling your family and loved ones to make decisions on your behalf upon your death or in the event of mental incapacity.

Our retirement planning case study may help you to understand this life-phase better.

Chris Humphrey Private Wealth Management is conveniently located on the outskirts of Brisbane's CBD.

" I contacted Chris Humphrey Private Wealth Management through a website enquiry seeking professional advice including a life insurance review. Chris took the time to fully understand my financial position, goals and needs to provide me with timely, relevant and easy to understand personal advice. This allowed me to make an informed decision about the types of insurance I really needed, my appropriate levels of cover and how to structure my cover to get the best value for my money."

Carmel White