Retirement
Lifestyle Planning
We’re struggling to find meaning for life after work.
Beyond working for money everyday, you now need to find purpose beyond finances. You need to plan the second half of your life built of meaning and fulfillment.
Ask us your questions about retirement lifestyle planning.
Why is it such a big deal? What should I be planning for? What happens when all the travelling is over? What’s going to happen when I can no longer do the things I normally do?
Let us inform you of all you need to know about retirement lifestyle planning.
You need to consider life after work and purpose for living. Some retirees feel the compulsion to return back to work to find meaning activity. Retirement needs to be prepared for, budgeting for travel, hobbies, healthcare, downsizing or relocating.
Allow us to assist you in building an aged care financial planning
We love helping to ensure financial planning for elderly parents for future
Beyond your financial plan, allow us to assist you in setting your retirement lifestyle goals, looking at all your options, the costs, and bribing it all together in a individualized financial plan in aged care that ensures you have a meaningful and fulfilling retirement.
Accommodation
There comes a time when the house feels empty and we’re thinking of moving closer to family. We call this ‘downsizing’ and there advantage to some to make a ‘down sizer contribution’ to super from the sale of your house. This then lets you top up your retirement savings. There are financial strategies that increase the age pension. Perhaps you have heard of the ‘granny flat’ option. Have you thought about putting your name down on the waiting list of the age care home you would want to go to if you had to? Without cultivating your options for your choices are limited.
Role of aged care accommodation in elder care financial planning
Families that plan ahead for the future possibility of age care are the most successful in reducing the immediate and long-term costs. Without planning the need to move into a home is a crisis and we have limited choice. All of a sudden family has to come up with the accommodation deposit of $470,000 (the average), care fees and ongoing means tested fees. Common question asked is ‘will we have to sell the family home?’ We can assist you with your planning so if it happens you know your options, the fees and how best to pay the fees.
There are three phases of retirement
The first phase is called the ‘busy years’ when as a couple we intend to do a lot of travel, overseas, around Australia. The second phase is the ‘quieter years’ when all the activity is over and we settle down into a more sedentary lifestyle. The last phase is ‘frailty years’ when we can no longer what we used to dos no longer look after myself. I may need to mover into age care accommodation. A good retirement plan considers all three phases.
Age Care accommodation
Most of us are in the crowd that says “it’s not going to happen to me.” Statistically it will happen to me. So much pain is caused where families don’t plan for the possibility. It’s important to know you options, how to stay at home for as long as you can, the costs of age care accommodation and how will you pay for it if need be.
Psychological struggle
Stories abound of retirement turning in a disaster. Some will return to work. Some admit starting to drinking heavily. When our job is who we are, without the job we struggle. We must find meaning in retirement. My personal opinion is it should be a celebration of life, given all that we have achieved, and the legacy we will leave. What is the legacy you will leave?
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