Retirement Planning

According to the Australian Bureau of Statistics, Australia's labour force participation rate declines sharply at about age 55, giving us one of the lowest mature-age workforces in the OECD. With potential life expectancies of around 85, many people are spending 30 years in retirement, which is nearly as long as they spend working. Planning for this phase of life is undoubtedly essential for a long, happy and successful retirement. For this reason, retirement strategies should be considered, planned and implemented in the pre-retirement phase. By developing a strategy early you should be able to achieve your retirement goals with more ease and with a better result.

Morrows Private Wealth has a wealth of experience in pre-retirement planning.

The following factors are generally taken into consideration: 

• Your desired lifestyle and goals 
• The time until your retirement 
• Your retirement income requirements or expectations 
• Your eligibility for Social Security pensions and other Centrelink entitlements 
• Any Termination Payments, Golden Handshakes and Rollover Relief 
• Your superannuation entitlements

Seeking competent professional advice enables you to explore, assess and choose your alternatives. It allows you to take advantage of our specialised skills and experience to help you successfully achieve your retirement aspirations.