Planning your retirement
One thing that we all need to do is to plan ahead. There are some big questions to answer.
- What do you want to do during your retirement?
- How much money will you need to achieve that?
- How are you going to ensure your money is going to last?
Working out the answers to these questions will help you achieve the retirement you desire.
Probably the biggest question is 'When will you retire?'
This can depend on a range of factors.
Lifestyle:
- Are you ready to stop working altogether?
- Would you like to work part-time for a few years?
- Is your partner still working?
- What interests do you want to pursue beyond work?
- Do you have any health issues?
Financial:
- Will your current finances last the rest of your life?
- When can you access your super?
- What investments do you have inside super?
- What investments do you have outside super?
- Do you have debts that need to be paid off?
It's never too early to start planning for your retirement. Considering these questions before you retire can help enable you to make wise financial decisions for your future.
Any information contained in this publication is current as at February 2011 and is provided by Challenger Life Company Limited ABN 44 072 486 938 AFSL 234670, the issuer of all Challenger annuities, Challenger Retirement Services Pty Ltd ABN 80 115 534 453 AFSL 295642, the issuer of Challenger's superannuation and allocated pensions or Challenger Managed Investments Limited ABN 94 002 835 592 AFSL 234668, the issuer of units in the Challenger Guaranteed Income Fund ARSN 139 607 122. It should be regarded as general information only rather than advice. It has been prepared without taking account of any person's objectives, financial situation or needs. Because of that each person should, before acting on any such information, consider its appropriateness, having regard to their objectives, financial situation and needs. Each person should obtain a Product Disclosure Statement (PDS) relating to the product and consider that Statement before making any decision about the product. A copy of the relevant PDS can be obtained from your financial adviser, our Investor Services team on 13 35 66, or on our website.
If you acquire or hold the product, we and/or the Challenger group of companies will receive fees and other benefits which are generally disclosed in the PDS or other disclosure document for the product. We and/or the Challenger group of companies and our respective employees do not receive any specific remuneration for any advice provided to you. However, financial advisers (including some Challenger group companies) may receive fees or commissions if they provide advice to you or arrange for you to invest in the product. Challenger Life Company Limited, Challenger Managed Investments Limited, Challenger Retirement Services Pty Ltd, some or all of Challenger group companies and directors of those companies may benefit from fees, commissions and other benefits received by another group company.
