Making your money go the distance so you can retire in comfort
Before retiring from the workforce your top priority should be ensuring you will have an adequate income to fund a comfortable retirement. Now is the time to take a good look at your financial situation—the big picture—to see how your assets and investments can best be used to produce a regular income stream.
As a retiree, you may receive several tax breaks you weren't entitled to when you were working, so talk to your financial planner about your options before making major financial decisions about superannuation and assets.
While everyone's goals are different, key areas to focus on in retirement include:
- Paying out your mortgage or other loans
- Maintaining regular income streams
- Tax minimisation
- Estate planning
Money Matters is brought to you by CPS Credit Union and Bridges Personal Investment Services. All information is offered as a guide only and we recommend seeking expert advice tailored to your own unique financial situations and goals. Contact CPS Credit Union to arrange an obligation free consultation to discuss your financial planning strategy.
