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.