Accountant Melbourne

Although retirement may seem far away, it tends to arrive far sooner than most people expect. The sooner you plan for it, the higher the chance of enjoying your desired lifestyle when you stop working. Developing a retirement strategy will help you feel more financially secure as you grow older, and offers greater peace of mind about your ability to provide for yourself – and your loved ones. With this in mind, let’s look at retirement financial planning , including what you need to consider and how seeking financial advice will drastically improve your retirement strategy. How to plan for your retirement Financial planning for retirement can feel overwhelming, so the best approach is to divide your retirement strategy into steps. Let’s look at each stage of the retirement financial planning process. Determining your retirement timeline The first step of retirement financial planning is determining when you want to retire. Naturally, this could change, but it’s important to have a gene...

 As the cost of living continues to increase, research has revealed that 64% of Australians, close to 2/3 of the country, are worried about their financial future. More alarmingly still, only 16% of Australians have a financial plan that would help alleviate their concerns and make them more confident and secure about meeting their current financial needs and long-term financial goals. The question is, what is financial planning – and how does it work? In this post, we explain the financial planning process, why it’s important to create a personal plan, and why it’s wise to work with a financial advisor. What is financial planning? Financial planning is the process of developing strategies to ensure your and, when applicable, your family’s financial needs are met in both the short and long term. A comprehensive financial plan should not only help you achieve your most important goals, e.g., buying a house, funding your children’s education, or retiring by a certain age, but also a...