Planning for retirement isn’t just about numbers—it’s about designing the lifestyle you want. Our very own Financial Adviser, Nick Georgopoulos, recently sat down with Ausbiz – The Advisory to share essential insights on preparing for a financially secure and fulfilling retirement.
Visualising Your Ideal Retirement
Nick highlights the importance of envisioning your ideal retirement lifestyle. What will your daily routine look like? Where will you live? Who will you spend time with? Taking the time to answer these questions helps shape a financial plan that aligns with your aspirations.
Understanding Retirement Costs
A crucial part of retirement planning is distinguishing between modest and comfortable living costs. Nick recommends starting with your current expenses and considering how they may evolve over time. Using retirement cost guides can help you estimate future needs and plan accordingly.
Key Income Sources for Retirement
Nick breaks down the main income streams available in retirement, including:
Superannuation – ensuring you make the most of your retirement savings.
Age Pension – understanding eligibility and how it complements other income sources.
Investments – leveraging assets to provide additional financial security.
Planning for Longevity and Legacy
With longer life expectancies, Nick stresses the importance of planning for financial longevity. He also encourages individuals to consider their legacy—whether they intend to pass down wealth to beneficiaries or transfer assets during their lifetime.
More Than Just Finances
Beyond financial stability, a fulfilling retirement includes emotional and mental well-being. Staying active, maintaining social connections, and pursuing meaningful activities are just as important as financial security.
Nick’s insights provide a practical roadmap for anyone looking to take control of their retirement journey. Watch the full interview now for expert guidance on building a retirement plan that supports both your financial and lifestyle goals.
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