How Retirement Ready are you?​

Thinking about retirement? Before you make the leap, there are several key areas you’ll want to review. The good news is that, you may already be well on your way. This simple checklist will help you see exactly how much progress you’ve made. This checklist helps clients understand what to review in the years leading up to retirement.

To measure your progress toward retirement preparation, tick off the items you’ve already completed to see how your retirement preparation is shaping up.

Not ready for retirement
Do you understand what your retirement income needs will be, and how you can confidently spend the money you have accumulated for retirement?
Have you streamlined your super into one account and reviewed how your retirement savings are invested?
Are you aware of your Super contribution limits and have you been making the most of these to boost your retirement savings?
Do you understand when you can access your super and how to do so tax effectively?
Have you considered where you’ll live in both the short and long term, and how you’ll fund any future move?
Have you thought about the goals, values and experiences you want to pursue in retirement?
Do you have a plan for how you’ll approach future healthcare or support requirements?
Have you thought about how you want your assets distributed, who will manage your estate, and the legacy you wish to leave behind?
Do you understand when you’ll become eligible for the Age Pension and how your income and assets may affect your entitlements? You may also be eligible for foreign entitlements such as the UK State Pension.
Have you explored options like downsizing or accessing your home equity to support your retirement income needs?

Not quite ready?

Retirement planning in Australia can feel complex, with superannuation, Age Pension rules, tax considerations , estate planning and lifestyle decisions all playing a part.

At Forest Wealth, we partner with you to simplify this process and help you build a retirement strategy that supports both your financial security and the lifestyle you want.