Retiring Early

How does financial planning help me retire?

Our financial planners develop smart strategies that help you achieve your financial goals and invest wisely in the future. For us, it is about taking everything into account so we can provide you with a detailed plan, a statement of advice and regular check-ins to make sure you are achieving your financial goals.

At Master Your Money Now, we are unlike other financial advisors as we paint you a picture of how you want your life to look like in 5, 10, 20 or 30 years and create tactile financial strategies that will complement your lifestyle and help you retire early.

When should you consider planning for retirement?

Retirement finance isn’t something that should be left to the last minute. If you are in your 20s and 30s you should be considering it now and building the foundations for a nest egg. Considering retirement earlier can work in your favour, as you can not only choose when you want to retire, but you can have stress free retirement where you don’t have to worry about expenses.

Pre-retirement and Financial Planning

Before retirement, a financial plan can be the roadmap to achieving your financial goals such as getting rid of debt. A financial planner will also develop strategies to create a retirement plan that utilises a diverse portfolio of income streams and superannuation investments.

Transitioning to Retirement

Transitioning to retirement is a pension which can be accessed when you come of retirement age. By transferring a portion of your super into a pension, you are able to work less, have a steadier income or potentially reap tax benefits. A financial advisor is valuable during this process as they can ensure you have ticked all the boxes to apply for this pension.

Post-retirement and Financial Planning

Retiring can seem like the dream, but there are post-retirement costs that many forget about. A financial planner is very useful in helping you develop long term spending strategies and savings strategies so you can live comfortably when you no longer have a regular income. Our financial planners will check in with you periodically to ensure that your retirement finances are on track.

Questions we ask you

If you are beginning to think about how and when you are going to retire, here are some questions we regularly ask our clients to help them visualise their retirement.

1. 1. 1. When do you want to retire?
      2. What does retirement look like for you?
      3. How are you going to spend your time in retirement?
      4. How are you planning to fund your retirement?

By visualising your retirement, you can be more prepared for what life throws at you and can feel like you have greater predictability over your future finances.