As a retiree you have either stopped work completely or have wound back to where you are working more for purpose than income.
Most of the retiree’s today are either fully self-funded or partially self-funded and ensuring their income is consistent is vital to a comfortable retirement. This being the case, social security planning and strategy is very important to you. Investment structuring and understanding cashflow are crucial components to your retirement.
Understanding the purpose of holding an asset for capital growth or income is crucial to your continued peace of mind. Estate planning and ensure that your surviving spouse or children receive your assets in line with your wishes is of very high importance.
Questions you may ask yourself at this life stage.
- When can I retire?
- How long will my funds last?
- Will I receive any social security entitlements?
- What tax will I pay on my retirement income?
- Do I need to update my estate planning needs? – Wills & Beneficiary Nominations
