Retirement Nightmare: The Consequences of Inadequate Planning

People who find themselves lacking in retirement savings and relying on the age pension can try to compensate by continuing to work.

With the end of the financial year fast approaching, now is the perfect time to maximise your superannuation contributions to help you save tax and get more into your super.

If you are like most people, you’re probably asking, “Will I have enough saved in my super account to have a comfortable retirement?” or “How much super should I have at my age?”

Getting ready for retirement presents challenges for investors. On the one hand, retirement savings are reaching their maximum amount, making them susceptible to fluctuations and prolonged declines.

You might often hear the term ‘retirement planning’ but might not be familiar with the term ‘retirement income planning’. When discussing retirement with a financial adviser, retirement income planning is a key pillar to ensure a successful and worry-free retirement.

Wealth creation might seem like a vague term or buzzword success gurus use. But wealth creation is simply the process of accumulating and growing financial resources to achieve financial independence and security.