Thought starters
Our 'retiring' predictions
After studying the demographic, economic and social trends that are reshaping retirement, we'd like to share 3 predictions about your future:
1. You'll stop work gradually
The distinctions between "work" and "retirement" are continuing to blur. This phase of life is now more of a continuum, without a watershed passage to retirement. The chances are good you'll phase-in your retirement. Continue to work, but fewer and more flexible hours.
Why? Some of you will need the money to bolster your retirement savings. But mostly it's because you enjoy what you do and can’t imagine not doing it at all!
2. Financial planning may not have been your top priority
Some people have a formal financial plan which they execute, for others it’s a more casual thing, and others again may not have thought about it much at all. Whichever type you are, we think now might be a good time to have a think about how you'll finance your future. Because research shows those who have a plan feel more optimistic and less fearful of the future than those who don't.
Our financial planners will work in partnership with you to ensure you get the best advice for your situation if you need help. They can create a personalised plan that is tailored to your financial situations and goals.
3. You'll do it your way
We can't reliably predict what you'll be doing in the third act of your life. Because there are as many different journeys as there are people. But we can be pretty sure your retirement is going to be very different from the way past generations did it.
These days, it's not about what you're retiring from. It's about what you're retiring to. You might be looking forward to winding back work, relaxing more and spending more time with your friends and family. Or starting your own business, travelling or expanding yourself in new ways.
Charting the journey ahead
Whatever your plans for retirement, it pays to be prepared financially. If you need help planning your retirement, call us today on 1300 661 577, and tell us about your future plans.
