Richardson Financial Advisory Blog
How super works
If you’ve ever had a job, then super is going to be on your radar. Knowing what it’s all about is the first step to making it work for you.
Super is your savings account for retirement. But well before you retire, your balance could be in the hundreds of thousands of dollars. While you can’t spend it now, a sum of money that big has got to be important to you. So it makes sense to know how it works and what you can do with it before you retire.
Help! I’m 55 and have no retirement plan
Help! I’m 55 and have no retirement plan!
Retirement planning is one of those things that often gets pushed to the back burner. When you're young, it's easy to convince yourself that retirement is light years away and you've got plenty of time to figure it all out. But life has a habit of going by real fast and all of a sudden, you're 55 (or thereabouts) and realise that retirement is just around the corner.
If this sounds like you and you’re now thinking, "I'm in my 50s and I have no retirement plan. What do I do now?", first of all, take a deep breath. It's not too late to start planning for your retirement.
Here, we'll outline some steps you can take to secure your financial future.
5 points to consider when deciding when to retire
5 points to consider when deciding when to retire.
The age you retire in Australia isn’t set in stone. You can really retire whenever you want to, but a number of factors could play a big part in your decision.
Your financial situation, health, employment opportunities and coordinating with your partner, if you have one, could all play a role in helping you determine when you might retire from the workforce.
Grow your super
How to help your super grow faster
Money isn’t everything but it helps when it comes to making choices. Growing your super balance faster can give you more choices in retirement and peace of mind right now.
Buying an investment property
Is an investment property the right choice for you in retirement?
Your guide to the downsizer contribution.
Downsizing into a smaller property or moving to a more affordable location could be a worthwhile way to help finance your retirement lifestyle.
It can be a valuable strategy for empty nesters, some of whom may find maintaining a big and empty family home no longer makes sense financially or from a lifestyle perspective…