Around 7001 of us retire every day. However, it’s unlikely that anyone is truly prepared for what lies ahead.
Life doesn’t always go to plan. Things change – markets can move the wrong way, spouses may move on, clients may receive a sizeable inheritance or downsize their family home. Any change can have an emotional and financial impact on retirees, regardless of whether it’s planned or out of the blue.
Use this visual aid with your clients to discuss the potential impact of life changes on their retirement income. Or book a 1:1 session with a Challenger BDM to learn more.
Download the white label version of the visual aid and add your own branding.
1) Challenger, 2020, A guide to income in retirement, accessed May 2021, https://www.challenger.com.au/personal/retirement/annuity/a-guide-to-income-in-retirement
Stopping work doesn't need to stop your clients' income. Help your clients manage the potential impact of no longer working part time on their retirement income.
Help your clients make the most of a windfall. Explore the potential impacts of receiving an inheritance on clients' retirement income.
If your clients downsize their family home, their retirement plans may need to change as well. Scale up your client's retirement income after downsizing.
Change of relationship status
Divorce or the death of a spouse can cause more than emotional grief for those in retirement – it can also drastically impact retirement income. Help manage the financial impact of an emotional event.
Spouse turning Age Pension age
When a younger spouse turns Age Pension age, and their super sheltering strategy expires, a change in newly assessed super may impact Age Pension entitlements. Help manage the financial impact on your client's retirement income.
Book in a 1:1 chat with a Challenger BDM
Discover how investing in a lifetime annuity may help manage the impact of a life change on your client’s retirement income.