How to ensure your future retirement is comfortable


Making informed investment decisions to secure a comfortable retirement Understanding the impact your preservation age has on your retirement plans Ensuring financial longevity rather than short term returns.

Following the launch of their ‘Don’t Die Poor’ campaign in late March, Melbourne-based financial advisory, Pekada, are determined to maintain this momentum with their recent insights into how to ensure you land a comfortable retirement.

With the campaign tailored towards helping working individuals reap the financial benefits of a lifetime of hard work, discussing how to prepare for a self-funded future could not be more timely for Pekada and their clients.

Pekada Principal Adviser, Pete Pennicott, believes the secret to successfully transitioning into an easy retirement is through well-educated and executed investment decisions that help grow your money.

“We are in an age where we are spoilt for choice in terms of investment solutions and the challenge is cutting through the volume to find the right fit for your portfolio and objectives. It is crucial to think and plan with the end game in mind. Too often poor structural decisions are made by only thinking of the immediate impact and not considering the long term implications,” says Mr. Pennicott.

Depending on how close you are to retiring will greatly impact on the investment decisions you make, and will ultimately drive the way in which you build your asset base.

With no definitive retirement age in Australia, the importance of understanding and exploring your investment options is crucial in securing financial longevity throughout your retirement.

“If you are aiming to retire before 60, you can’t be reliant on superannuation to fund this. Due to current preservation rules, you are unlikely to have access to superannuation to fund your income needs and will need to ‘bridge the gap’ between your retirement start date and your preservation age”, Mr. Pennicott says.

With this in mind and in light of their ‘Don’t Die Poor’ campaign, Pekada are working to provide tailored and strategic advice to ensure you have practical advice that focuses on you, the life you want to live and transition smoothly into retirement.

“A clearly defined and well thought out investment strategy can assist in avoiding mistakes that hurt your investment performance, but also an independent adviser can act as an informed and objective sounding board for these decisions,” says Mr. Pennicott.