Retirement Planning


What is retirement planning?

At a basic level retirement planning is saving for the time when you stop working and retire from the work force.  At this time you are then totally dependent on your savings to generate income and if you qualify, government aged pensions to support your lifestyle.

Many people don’t plan for retirement and are left with significant emotional and financial hurdles to handle.  Don't let yourself be caught in this situation.  Careful planning before you retire can make a big difference to your superannuation balance, making it last longer and giving you peace of mind that your hard-earned wealth and standard of living is protected.

Many feel confident that their superannuation savings will suffice only to find out that inflation, illness or unforseen expenses erode their retirement savings.  This situation leaves them with a lower standard of living than that which they had anticipated.  A regular review with a qualified planner can help address potential problem areas before they impact your standard of living.

In the years leading up to retirement, your focus will probably shift away from the day-to-day financial matters, such as paying off the mortgage, to thinking about your retirement.  How much money will you need?  Have you been contributing enough to super and how can you increase your super balance to fund a comfortable retirement?

It’s important to consider that your retirement may last a long time. Increases in life expectancy mean that you may live for 20 or even 30 years if you retire at age 65.  If you retire earlier than 65 you will have a longer life expectancy and you will also need more money!  You may want to start working less and consider moving to part-time employment.  You may also start thinking about ways to provide financial assistance to your children once you are gone.



How can we help?

A financial planner is someone who uses the financial planning process to help you figure out how to meet your life goals before and during retirement.

The planner can take a `big picture` view of your financial situation and make financial planning recommendations that are right for you.  The planner can look at all of your needs including budgeting and saving, taxes, investments, insurance, superannuation, estate planning and retirement planning.

IWP has an extensive range of estate planning solutions to meet your needs. Click here to find out more or to have a financial planner contact you.

Areas that we typically cover in a retirement plan are:

  • Defining the type of lifestyle you want prior to and in retirement
  • Defining the timing and costs on those special things that you want to do before and in retirement
  • Setting budgeting and debt reduction goals
  • Mapping out the required cash flow and associated capital to maintain your desired lifestyle
  • Putting in place plans to accumulate enough wealth to enjoy a comfortable retirement
  • Protecting your wealth through the use of different investment strategies and structures
  • Planning your transition from full-time to part-time work and then to full retirement
  • Providing for your children & dependants
  • Regular reviews of your needs and updating of your plan to reflect these needs


We can help you work out the best way to structure your investments prior to retirement, while keeping an eye on your longer-term goals.

IWP has an extensive range of personal insurance solutions to meet your needs.

Click here to have a financial planner contact you.


Christopher Lord, trading as Integrated Wealth Planning is an Authorised Representative of Charter Financial Planning Limited ABN 35 002 976 294 AFS License No. 234665, member of the AMP Group. Registered Office: AXA Australia Centre, 750 Collins Street (PO BOX 2830) Melbourne Vic 3001.

Information provided on this website is general in nature and does not constitute financial advice.  Every effort has been made to ensure that the information provided is accurate. Individuals must not rely on this information to make a financial or investment decision.  Before making any decision, we recommend you consult a financial planner to take into account your particular investment objectives, financial situation and individual needs.