Planning for your 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 State Super Financial Services Australia Limited (SSFS) can help you with:

  • money to live on. An SSFS adviser 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. An SSFS financial adviser 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 SSFS 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. SSFS's product and advice fees apply only when you decide to invest and partner with SSFS on an ongoing basis.

To find out more, call SSFS on 1800 620 305 or visit www.ssfs.com.au.

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State Super Financial Services Australia Limited
ABN 86 003 742 756 AFS Licence 238430

Note: SSFS is wholly owned by State Super. However, State Super is not responsible for the advice that SSFS provides. The Trustee pays no fees to SSFS for the services it provides to State Super members. State Super is not a representative of SSFS and receives no commission when making referrals to this service.