Retirement Planning
Helping you protect your financial future and retire comfortably
Retirement Planning
Retirement Planning at DreamWise involves setting retirement income goals and taking the necessary steps to achieve them.
It ensures financial security and stability during retirement, allowing individuals to maintain their desired lifestyles.
Retirement Goals and Savings Options
Setting retirement goals involves estimating how much income you will need in retirement based on your current lifestyle and future plans.
A comprehensive financial plan will then be constructed which includes selecting suitable investment vehicles, estimating future expenses (including healthcare), planning for potential long-term care needs, and considering estate planning aspects.
In Australia, Superannuation is a key component of retirement savings, with mandatory employer contributions and options for voluntary contributions.
Managing Retirement Income
Managing your income during retirement doesn’t have to be a daunting process.
DreamWise can provide expert advise and guide you through your options:
Social Security - Provide information on how social security benefits work and when to start claiming them for maximum benefit.
Pension Plans - If you have a pension, knowing the payout options and how they fit into your overall retirement plan.
Withdrawal Strategies - Detail how to withdraw funds from your retirement accounts to ensure they last throughout your retirement.
