Planning your retirement is probably something you haven’t spent much time considering. Transitioning from paid work to retirement is a big change and for many Aussies you speak to they will probably tell you that they haven’t planned their retirement because they never plan on retiring!
This month Lady Anne Funerals is offering a free downloadable Retirement Planning Guide. The guide sets out and explains in detail a number of important things to consider when planning your retirement. From prepaid funeral arrangements to getting financial advice early, we have included an overview below of some of the most important arrangements to keep in mind before transitioning into your relaxing and well-deserved retirement.
Wills and Last Testament
If you haven’t organised a will it is time to do so. If you have a pre-existing will you may want to consider updating it. Organising a well prepared will ensures that your family is relieved of possible debt and financial pressure after you pass away. As well as this it is important to set out inheritance, make decisions about organ donation, nominate an executor as well as setting out prepaid funeral, burial or cremation arrangements. If you want more information on the most important thing to include in a will check out our latest blog post on wills.
Prepaid Funeral Arrangements
Planning for your own passing is something we all tend to avoid, however it is important to consider our own funeral arrangements in order to avoid putting unnecessary pressure on our loved ones. Lady Anne Funeral’s prepaid funeral service allows for you to make payments towards your funeral ceremony in order to take the financial stress away from your family. Our prepaid funeral agreements act as legally binding contracts ensuring that your funeral is not only organised but also paid for.
Take control of your finances
Spending time working out how much money you have currently, how much you will have in the future and how much you think you will need is an important process for retirement planning. Seeking advice from a financial planner is becoming more common and it is a great way to put a clear strategy in place to ensure your finances are in order before retiring. A financial planner can help you to consolidate your superannuation while offering strategies to optimise your earnings in the years leading up to retirement.
Talk to an FIS Officer
You can attend a free Financial Information Service seminar to learn more about planning for retirement, your financial needs and living in retirement. Alternatively you can call 132 300 to speak with an FIS Officer about any questions you have and to receive extra support through your planning process.
Planning your free time
Above all, filling up all that free time with hobbies, activities, grandkids and lifestyle should be the key. We work our whole lives for our retirement and should be thinking about the enjoyment we can get out of all our spare time. Will you plan a holiday, adopt a new hobby, take a class or put in a new garden? The choice is yours!
Don’t be afraid of getting a Seniors Card. You should take advantage of the many benefits including cheaper public transport and movies as well as discounts on goods and services. Think of it as a reward for many decades of contributing to the community and the economy.
For a more detailed Retirement Planning Guide why not take advantage of our free download. We have covered all the essentials that need to be considered before your retirement. Make planning for this transition straight forward and stress free so you can relax and spend time organising the more attractive things about retirement, like travelling and free time to do the things you’ve always wanted. If you need some assistance or want more information on how to relieve your loved ones of the financial pressure of organising your funeral please give one of our ladies a call today.