Check out how Vision Super’s services makes it easier
Retirement is the time to start enjoying the money you spent your working life accumulating, and you’ll want to be confident that your money will go the distance.
There are many steps involved in preparing for retirement including deciding whether you’re ready to leave steady employment or cut down your hours, and Vision Super can help take the stress out of these major financial decisions. You’ve already chosen us to take care of your super, let us guide you to a comfortable retirement.
How do I start planning for retirement?
Not being able to decide on the best time to retire is common but taking the time to plan could make a big difference to your balance. The key is to be as prepared as possible so you’re confident going into that phase of your life and have goals in mind. If you’re unsure where to start, Vision Super’s team of advisors can talk to you over the phone, or via video conference, to set you up to succeed.
Make hard decisions
Depending on how close you are to retirement, it may require some tough decision-making. For example, if you’re still working, do you want to live on less now and add more into super in the way of salary sacrificing? Are you comfortable with more high-risk investments which may offer better growth, but could keep other people up at night? Would you prefer an investment strategy that has been selected by experts via a Three Bucket pension account, or do you make the investment decisions yourself by opening an account-based pension?
Of course, you’re not expected to know all of the answers straight away. Vision Super offers a range of services to help gain the confidence to get there. During lockdown in Victoria, we’ve transformed all of our group seminars into webinars and made one-on-one consultations available via video conference. You’re never alone in the decision-making process so reach out to Vision Super if you need some advice.
Also, look out for our digital advice tools which will be launched early next year.
Set goals
Often, when retirement starts, our planning and goal setting ends. But this is actually when the real work starts! Give yourself a goal to sticking with an annual budget or visualise the type of retirement you’d like and work towards saving for it. It’s not impossible with a clear strategy. Starting early and whilst you’re still working means you can set yourself up with good habits that will see you through to retirement and beyond.
Keep up to date
Not only is this relevant to mental stimulation, particularly after retiring but hobbies and social activities increase our self-confidence! You could learn sign language or start cross-stitching, but why not learn a skill that will help you financially? The superannuation industry is complex and can be filled with difficult words but dedicating a bit of time to understand how it works can reap lots of benefits to you financially.
Online pension applications
We’ve tried to make it as simple as possible to become a member of the Account-based pension by taking the application process online. Once you reach preservation age, you will automatically see a banner across the top of your log in which allows you to start an income stream seamlessly online.
Of course we still have paperwork available too for those who prefer pen and paper.
We can help
Retirement, and planning for retirement, is an important stage in anyone’s life. Make sure you take the time to consider your options and seek professional advice where necessary. Our financial advisors will look at and help you understand all aspects of your financial life, including where you are now, where you want to be, and a plan of how to get there.
How can a financial planner help?
- If you’re planning for retirement
- If you need advice on multiple super topics
- If you want to discuss and structure your benefits to matters outside of super such as tax or possible Centrelink benefits
- If you want to discuss other investments outside of superannuation (for example you receive a lump sum such as an inheritance)
Our Financial Planners can help you develop a comprehensive tailored financial plan, or provide advice on a single topic. Should you need certain advice only relating to your Vision Super account this is generally at no cost to you, for those that need advice on more complex topics and investments outside of Vision Super, fees would apply.
Contact us on 1300 300 820 Monday to Friday 8:30am to 5pm to set up an appointment or email [email protected]
