Retirement is something that we all look forward to. It’s when we finally reap the rewards of a lifetime of hard work; we can kick back and enjoy the finer things in life. But are you on track to realise your dream retirement? Will you have the funds at retirement to live the lifestyle you’ve been dreaming of?

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Expert Retirement Planning on the Gold Coast

Take the guesswork out of your retirement and gain confidence and clarity about your financial future with Centaur Financial Services. As the trusted experts in retirement planning on the Gold Coast, our dedicated team will work closely with you to develop a personalised retirement plan that aligns with your goals and aspirations.

Centaur Financial Services isn’t an ordinary financial advice firm. We take pride in offering expert advice in a comfortable and welcoming environment.

Our goal is to help you achieve and then enjoy your retirement goals. Our proven investment approach gets you through your investment ups and downs while receiving a regular ‘pay cheque’ as you have your entire working life.

We’ll show you what’s right for you and step you through our six-step process. From Discovery to Analysis, Strategy to Recommendation, to Implementation and Ongoing advice, we will explain the entire process so you know what’s happening at every step.

From maximising your savings to ensuring a secure financial future, our comprehensive approach will give you the peace of mind you deserve. Trust Centaur Financial Services to guide you towards a rewarding retirement journey with our expertise and commitment to your financial success.

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retirement planning gold coast
Gold Coast retirement planners

Retirement Planning

The Key to a Happy and Fulfilling Retirement

The key to fulfilling your retirement dream is to put the wheels in motion today. Some of the most important questions are those we never ask: How much income do I need in retirement? Will I be able to get an age pension? How big does my nest egg need to be? What age can I retire?

Do you have the answer to these questions? If not, Centaur Financial Services’ retirement planning service will benefit you. Our team of friendly Gold Coast retirement planners can help you answer such pressing questions and develop a retirement plan that puts you on track to reach your retirement goals.

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Frequently Asked Questions About Retirement Planning

Retirement planning is one of the most beneficial investments you can make towards your quality of life. In fact, according to ASIC’s August 2019 Financial advice report, retirement income planning was the second most sought-after advice, at 37%, behind investment planning (48%).

True, our Gold Coast retirement planning service can help you stay on target to reach your retirement goals, but there are many other benefits to avail. Our retirement planning and advice can also help you:

  • Gain peace of mind and reduce your stress during retirement
  • Get confidence and clarity about your financial future
  • Set clear, tangible goals for the future
  • Develop a savings strategy to boost your superannuation
  • Manage key investment risks to achieve the right outcomes
  • Avail several tax benefits, including reducing income taxes during retirement
  • Save money with long-term policies by acquiring them at a lower premium at a younger age

Take advantage of the many retirement planning benefits by taking the first step. With clients across Australian, including Gold Coast, Brisbane, Sydney, or Melbourne, distance in no obstacle. Contact your Gold Coast retirement planning partners, Centaur Financial Services, to start planning your retirement today.

The age at which you can access your super – your ‘preservation age’ depends on your birth year. Anyone born after June 1964 can access their super at 60. If you are born prior, your access is earlier:

Date of birthPreservation Age
Before July 196055
July 1960 to June 196156
July 1961to June 196257
July 1962 to June 196358
July 1963 to June 196459
After June 196460

If you are between 55-60, you can ease into retirement under the Transition to Retirement strategy (see “What is Transition to Retirement, and is it worthwhile?” below.)

Your pension eligibility depends on your age, total asset value and income. Once you reach pension age, your superannuation is classed as an asset.

To receive a full pension, homeowners can have up to $401,500 in assets for couples and $268,000 for singles. Non-homeowners can have up to $616,000 in assets for couples and $ 482,500 for singles.

To receive a partial pension, homeowners can have up to $876,500 in assets for couples and $583,000 for singles. Non-homeowners can have up to $1,091,000 in assets for couples and $797,500 for singles.

The Association of Superannuation Funds of Australia (ASFA) estimates a superannuation balance of $640,000 is required for couples to live out a ‘comfortable’ retirement and $545,000 for singles. This is, assuming you withdrew your super as a lump sum and received a part Age Pension. This can be broken down to  $62,269 per year for couples or $44,146 for singles.

The ASFA defines ‘comfortable’ is enjoying recreational activities, occasional travel, top-level health insurance, mid-range priced car, and electronics.

Interestingly, couples would need $40,560 yearly for a modest retirement, and singles would need $62,269 annually.

Believe it or not, there is a better time to retire in Australia, not at the end of the financial year. It’s in December. Why? Because of the tax incentives. If you retire at the end of December, you only pay tax on six months’ income of that financial year rather than the full year. For example, if you are on $60,000 per year, you fall within the $37,001 – $90,000 tax bracket and will be taxed around $12,272. However, if you retire in December, you earn just $30,000 for the financial year and then fall within the $18,201 – $37,000 bracket. So, you will then only pay $2,808 in tax. That’s a massive saving!

It’s your life, your retirement; therefore, only you can decide how to live it. Ensuring your retirement is all you want it to be takes planning and consideration. While we can help with the planning, we require guidance to devise the best strategy. And this can only come from you.

To ensure you meet your retirement goals, you need to consider the following:

  • How and where you want to live in your retirement
  • The type of lifestyle you will live in retirement
  • When and how you want to retire
  • Will you have enough money to retire?
  • Whether you’re on track to reach your goals
  • Will your nest egg last see you through your retirement?
  • How you will spend your time in retirement

For retirement confidence, you need to know the answer to these questions.

Transition to Retirement (TTR) is a Government strategy that allows people between the ages of 55 and 60 to draw down some of their super while still working. There are many benefits of TTR, including the ability to reduce your hours, increase your super, and increase your income. However, be wary, drawing down on your super early will affect your retirement income, which may, in turn, affect your retirement goals.

ebook checklist

FREE DOWNLOAD

The “Rich” Retirement Blueprint and Checklist

If retirement is on the horizon, this informative blueprint and practical checklist will help you think through the crucial money and life decisions you face as you prepare for life’s next adventure.

  • Understand the three big retirement risks
  • Plan ahead to avoid the emotional rollercoaster
  • Structure your retirement savings to last the distance

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Are you ready to embark on a fulfilling retirement journey?

Don’t leave your retirement to chance. Take control of your financial future today. Contact us to schedule a consultation with one of our Gold Coast financial planners to discover how our expertise can help you navigate the complexities of retirement planning with confidence and peace of mind.

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