State Authorities Super Scheme
Planning for retirement
When it comes to planning for your retirement, where your income will come from when you finally leave the workforce is only part of the picture. It is also important to understand your expenses and the type of lifestyle you want.
You should start to think about your plans for retirement, and the resources you will need to make those plans a reality.
Keep in mind that the greatest risk most of us face in retirement is outliving our savings, and many of us will find that we simply don't have enough money to do the things we want. That's why it's so important to make sure you're taking advantage of strategies that could grow your savings. The financial planning team at StatePlus you with:
- money to live on. A StatePlus financial planner can help you put together a plan for replacing your salary once you stop working. Your income in retirement is likely to come from a combination of sources, such as retirement income streams, social security and investment earnings.
- managing your tax. A StatePlus financial planner can show you different strategies to reduce the amount of tax you're paying, while significantly boosting your super savings.
- social security. Understanding the complexity of the social security system is difficult. With the right financial plan and investment structure in place you may be eligible for social security support.
- ongoing support. As you get older, your needs may change. At the same time, taxation, social security and superannuation legislation are also constantly evolving. It's worthwhile remembering that many people considering retirement today will be retired for more than 25 years, so ongoing support and regular reviews of your situation are a vital part of your long-term planning. Professional financial planning advice from StatePlus can help you achieve your financial and lifestyle goals now and in the future. You and your family have access to a range of services from over-the-phone advice to face-to-face meetings with a professional financial adviser, all without cost or obligation. StatePlus's product and advice fees apply only when you decide to invest and partner with StatePlus on an ongoing basis.
To find out more, call StatePlus on 1800 620 305 or visit www.stateplus.com.au.
Note: State Super Financial Services Australia Limited (SSFS), trading as StatePlus, is the holder of the Australian Financial Services Licence 238430, ABN 86 003 742 756. SSFS/StatePlus is a 'for profit' financial planning organisation wholly owned by the State Super Schemes as an asset held within the STC Pooled Fund. However, SSFS/StatePlus has its own Board and Management team which is separate from the State Super Trustee. State Super does not pay any fees to SSFS/StatePlus for the financial advice and member seminar services it provides to State Super members. State Super is not a representative of SSFS/StatePlus and receives no commission when making referrals to SSFS/StatePlus for financial planning or member seminar services. Neither State Super nor the New South Wales Government take any responsibility for the services offered by SSFS/StatePlus, nor do they or SSFS/StatePlus guarantee the performance of any service or product provided by SSFS/StatePlus.