Sage

One common fear among retirees is running out of money. We are living longer than any generation before us and retirement could be as long as 30 years.

Add to this the high cost of living, and It is no surprise that a fear of outliving their retirement savings is causing much stress and even forcing some retirees back into the workforce.

If you're feeling the pinch now and are concerned about how long your money will last in retirement, especially in today's economic landscape, give us a call.

Our Retirement Specialists will forecast your retirement income and put in place strategies to keep you on track.

We can help minimise tax, let you know what government support you are eligible for and maximise your Centrelink benefits.

Call us today on 08 9445 2955 or visit www.sageretirement.com.au for more information. See less

Are you considering an SMSF? There are many advantages, including more control over your investments and added tax savings. However, there are also considerable legal and regulatory compliance responsibilities. Setting up and managing an SMSF can be tricky and time-consuming, but Sage Self-Managed can take on all the complexities. Will you be our next satisfied client?

Find out more at www.sageselfmanaged.com.au

We all know that high-quality close relationships and strong social connections lead to happier, healthier, mentally strong, and longer lives.

As you approach retirement, one of the key things you can do is work hard to actively replace workmates with playmates. Lean into your relationships with your family, friends and community, and replace screen time with people time.

Go on date nights; they should not end just because you're older
Host family game nights once a week, and if you don't have family nearby, you can do it virtually or invite your neighbours instead!
Join a local club; there are so many, you're bound to find one that aligns with your interests and values
Get together with your neighbours and create a community garden for everyone to enjoy

These social connections are far more valuable to happiness in retirement than a never-ending pot of money.

Retirement is not a one-way street; it's a flexible journey where you can navigate your own path.

People retire for various reasons, such as relaxation, spending time with family, or pursuing personal passions. However, retirement doesn't mean you're locked in.

It is worth remembering that you do have the freedom and opportunity to return to work if you want or need to. Whether it's for financial stability, a sense of purpose, or simply the joy of staying engaged, the option to reenter the workforce is always there, making retirement a roundabout rather than a one-way street.

While the axiom "time in the share market is better than timing the share market" remains relevant, we must recognize that today's investment landscape is vastly different from the past. Historical trends should inform our decisions but not dictate them.

To navigate the complexities of the modern financial world, we should adopt a more adaptable and informed approach, leveraging the wisdom of the past while embracing the realities of the present and the uncertainties of the future.

Click here to read our latest blog post. https://www.sageretirement.com.au/post/rethinking-investment-strategies-in-a-dynamic-world