We've found that many of our clients around the age of 50 are starting to think a lot more about what it will take to live comfortably in retirement. Large financial commitments such as weddings and paying off a mortgage are typically over. This coupled with peak earning years and declining expenses, means this is the time to focus hard on maximising superannuation opportunities and tax management strategies. It also means taking stock of what you have accumulated and ensuring it is structured properly and focused in the right direction.
This is also the time where we work closely with our clients to set some concrete retirement goals which will typically involve extensive financial modelling and projections to evaluate alternative retirement scenarios. Getting the appropriate investment footprint in place is crucial to getting things set up properly.