It is evident, that those who plan for retirement, are more likely to enjoy a retirement lifestyle based on their own terms and not those of someone else. Results also show that obtaining professional help during the pre-retirement years further improves the probability of attaining your retirement objectives.
The earlier this is put in place, the better.
During one’s working life most time is spent at work, raising children and paying off a mortgage. There is always an employment income to make ends meet.
Retirement planning is about the lifestyle you will have after you stop working and it focuses on issues such as how much superannuation is enough, taking a super pension, claiming the Age Pension, making superannuation contributions while receiving a pension from a super fund, estate planning and looking after your family.
Also, with increasing life expectancy, rising costs and, often, debt still to be cleared, retirement planning becomes even more important.