When you visualise your retirement, what do you see? If you’re like thousands of other Aussies, chances are you think about getting stuck into a hobby, spending more time with your family, seeing the world, or exploring the great outdoors right here in our own backyard. Whatever your image of the ideal retirement, it gives you something to work towards; a goal to keep you on track.
You may or may not be surprised to learn that many people have shifted their goal posts, so to speak. Early retirement is now one of the top ambitions amongst those getting ready to give up work. A global survey of pre-retirees by HSBC revealed that nearly three quarters (74%) of Aussies aged 45 and over would like to retire within five years, but 43% say they won’t be able to do so.i The ABS’s stats are a bit more conservative – 30% of people (all ages) want to retire before 65, the official retirement age right now.ii
Perhaps you’re one of those who’ve dreamed of retiring while you’ve still got the energy and drive to enjoy your time off. But have you thought about how you will afford it?
It’s tempting to assume that those who do retire early were simply lucky; perhaps they were born into wealthy families and always had ‘options’. But the truth is usually much different. Early retirees are:
One thing all early retirees have in common? They start planning and working towards their retirement early in life. In other words, if you’re keen on enjoying a long and comfortable retirement, there’s no time like the present to get started on a plan. Start now by developing your picture of an ideal retirement – and we can help you achieve it.
To find out the right options for you and your financial future, please contact our office at 02 9188 1547 or email Ronald.pratap@rpwealthmanagement.com.au
Our office location is at Level 2 351 Oran Park Drive,Oran Park or we can arrange a home/ office visit for an appointment.