Retirement Planning

Planning for life after work can be both exciting and daunting. At Olleh Wealth, we specialise in retirement planning to ensure you're ready for the future you envision. Our expert financial advisory services are designed to help the people of Wynnum, Queensland and across Australia manage their finances wisely and achieve the retirement lifestyle they desire. Whether you already have an idea of when you want to retire or need guidance on understanding your required income, Olleh Wealth is here to support you in every step of this important journey.

The first crucial step in retirement planning is understanding how much you need to retire comfortably. This requires assessing your current lifestyle against your desired retirement lifestyle. Factors such as the cost of living, expected social life, and planning for changing health needs must be taken into account. As retirement age varies for everyone, discussing your personal situation with a professional can help tailor a plan that aligns with your goals. Our skilled advisors will assist you in determining your required income and guide you in assessing government benefits and available pensions. This ensures you can optimise your tax situation and make informed choices about withdrawing your super, whether via an annuity, lump sum, or a combination.

Another essential consideration in retirement planning is boosting your retirement income. Strategies such as paying off your mortgage and reducing debts early on can significantly impact your savings later. Consideration of downsizing your home or relocating closer to family or healthcare options can free up money and build a savings buffer. Additionally, contribute more to your super while continuing to earn, which allows your savings to grow and cope better with changing priorities. As you transition to retirement, understanding how to efficiently grow your income ensures a secure financial future.

A well-rounded retirement plan also includes looking after non-financial aspects of life post-employment. Having an up-to-date will and making an estate plan are vital to protecting your legacy and supporting your family. It's wise to plan for leisure to stay active and engaged, which helps maintain a healthy social life. Olleh Wealth advises considering the implications of planning for changing health needs or aged care, so you have a strategy to adapt as circumstances shift. Discussing your retirement age and personal plans early allows for a seamless transition and helps you to understand how your lifestyle now may differ from your retirement lifestyle.

At Olleh Wealth, we know retirement planning requires careful thought and adaptable strategies tailored to individual needs. If you're pondering when to retire or need help with managing your finances to secure the retirement of your dreams, reach out and discuss your goals with our team. By taking action today, you can plan for the future with peace of mind, confident in your capacity to enjoy the lifestyle you aspire to in retirement. Our expert advice will ensure that you effectively navigate this transition, offering you the opportunity to relax and cherish your golden years.

1. Understanding Your Needs
At Olleh Wealth, we dedicate time to understanding your unique needs and financial goals. This forms the foundation of a personalised financial strategy, designed to help you achieve your desired outcomes.

2. In-Depth Analysis
Using advanced research tools, we develop a customised plan that aligns with your objectives. Whether your focus is wealth creation, risk management, retirement planning, or tax optimisation, our comprehensive resources will provide clarity and direction to reach your financial aspirations.

3. Tailored Solutions & Strategy
At this stage, we present a Statement of Advice (SoA) that formalises our strategic approach and outlines specific recommendations to help you achieve your goals. Once you’re confident in the proposed plan, we proceed with the implementation of the recommended strategies on your behalf.

4. Ongoing Review
After implementation, we continue to monitor and review your strategy to ensure it remains effective and aligned with your evolving needs. We understand that goals and circumstances can change, which is why we believe in adapting strategies and conducting regular reviews to keep your financial plan on track.