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Your retirement is a time where you should be able to sit back and enjoy the life you’ve worked so hard for, and it’s never too early to start planning for it.

It doesn’t matter if you’re early on in your career, looking to retire within the next 10 years, or already retired, we can help you plan and develop a strategy that suits your needs and maximises potential benefits through tax-effective strategies.

Our team of specialist financial advisers are experienced in working with clients to ensure they understand their goals and dreams for their future lifestyle.

Whether it be to travel overseas, spend time with your grandchildren, become a grey nomad, or a combination of all the above, we can help you plan for the golden years you deserve.


Securing your income during retirement

Around 65% of retirees are worried about their retirement income.1

While superannuation can play a large role in financially supporting your retirement, it is important to consider other income streams to ensure you can enjoy your retirement the way you want to.

The following sources can all contribute to maximising your retirement plan and your income for retirement.

  • Superannuation income streams i.e. pensions (can be held in an Industry fund, Retail fund or SMSF).
  • Investment accounts (which can hold managed funds, direct shares, ETFs, and cash.
  • Cash products such as bank accounts and term deposits.
  • Investment properties.
  • Annuities offer a lump sum to receive a guaranteed income for a pre-determined number of years.
  • Centrelink Age Pension: depending on your age, assets, and income you may be entitled to receive a regular partial or full Age Pension.
  • Department of Veterans’ Affairs: like the Centrelink Age Pension, Armed Forces veterans may be entitled to receive a means-tested income support pension.
  • Pension Subsidies: although technically not an income, you may be entitled to a Pensioner Concession Card or Commonwealth Seniors Health Card which assists with living costs by allowing access to specific goods and services at a concessional rate (e.g. medical appointments, PBS medication, travel, rates, motor vehicle registration).


Maximising your Centrelink Age Pension and other entitlements

The majority of Australians use the Age Pension as a source of income for their retirement. Unfortunately, Centrelink is becoming increasingly difficult to navigate and be confident you are maximising your benefits.

At CCFPG, our Retirement Specialists can help you understand Centrelink’s Age Pension eligibility criteria and put your strategy into place to ensure it compliments your overarching financial strategy. By partnering with our professional advice team, you can rest assured your retirement strategy is being reviewed regularly to ensure you are maximising your entitlements and income.


Planning your retirement spending

The increasing life expectancy in Australia puts pressure on retirees and their retirement spending plan.

At CCFPG, our Retirement Specialists understand how important it is to feel secure and have sufficient income for the entirety of your retirement.

Having a thorough spending plan and retirement budget is a great way to feel secure and have peace of mind when entering your retirement.

Retirement can often seem a long time away, but the sooner you start planning for it the better.

If you would like to know more, please contact us at Central Coast Financial Planning Group on 02 4323 2877.

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