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FINANCIAL STEPS TO RETIREMENT


Looking ahead to retirement can be daunting; choosing when, what age, how to invest and what to prioritise. There are a lot of decisions to be made when it comes to planning your retirement.


And often your future retirement is impacted by the decisions you make today.


That’s why it’s important to be informed, to prepare in advance and to have the best financial tools and guidance available to you.


Funding your retirement is one of the most common concerns that people have. Generally the income required for retirement is made up of multiple money streams; most often savings, superannuation, investments, and pensions.


These funds are ideally accumulated over time - taking advantage of compounding interest, and safeguarding against uncertainty or volatility in the market.


A few steps that you can take now for your retirement planning include:


• Looking for strategies to reduce your debt including a loan review with a mortgage broker

• Reviewing your super fund and investment portfolio for fees and long-term performance

• Consider extra money into super

• Review your insurance premiums paid from super

• Review your bank statement for any expenses not needed, then redirect the savings to retirement

• Researching how to structure your assets to obtain Government benefits in retirement


Knowing the lifestyle you’d like to enjoy in retirement and estimating your future expenses also helps to provide a clear goal of just how much money you’ll need for an annual retirement income.


At Hub Advisory Group we're proud to provide simple, tailored advice for everyday Australians – no matter your stage of life.


So, if you’d like to discuss your retirement planning, don’t hesitate to call 4926 8000 to speak to one of the experienced Financial Advisors.


Disclaimer: This information has been provided as general advice. We have not considered your financial circumstances, needs, or objectives. You should consider the appropriateness of the advice. You should obtain and consider the relevant Product Disclosure Statement (PDS) and seek the assistance of an authorised financial adviser before making any decision regarding any products or strategies mentioned in this communication

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