Thinking about your retirement can often be uncertain. You won’t have a regular salary or income, and you’ve got a lot more time on your hands. But retirement is your time to slow down and enjoy the next phase of your life. It’s a big change, but it doesn’t have to be stressful.
At Liston Newton Advisory, we help you plan for your retirement by starting with the end in mind. We determine what you’ll need each year to live comfortably, and then help you put investment strategies in place now that set you up for the future.
Liston Newton Advisory has over 40 years’ experience helping our clients plan their retirement and reach their investment goals. We’ll help you reach yours, too.
When it comes to your retirement financial planning, we look at the bigger picture, and develop retirement planning strategies that include financial planning and tax advice to ensure you receive the most in your nest egg.
We help you plan for and reach your retirement goals by leveraging our trusted network of investment advisers, stockbrokers, and tax experts.
Retirement planning is a long-term strategy, so we work with you to make sure you completely understand your investment decisions, and make the right choices for a comfortable future.
The right retirement planning strategies enable you to take control of your personal wealth creation, and continue living the lifestyle you’re used to, well into your retirement.
To achieve this, our retirement planning advisers use accurate financial modelling and sound investment advice to ensure your needs will continue to be met, and partner with you to ensure you’re making the right choices for your future.
We can even travel to your premises to discuss your retirement financial planning strategies with you face-to-face. It’s all part of our commitment to your success.
We have worked with Liston Newton's Accountancy and Advisory Team for over a decade. During that time, our business has grown substantially both organically and through purchases. This wouldn’t have been possible without Liston Newton Advisory to assist with our business planning, providing proactive advice and ensuring our accounts were always compliant in a complex and volatile industry.
Liston Newton's Accountants analysed our financial and business situation and helped us implement strategies to improve our position. Their strategies turned our business from making a loss, to recording a 6-month net profit of 36 per cent. And we are now on track to show a 240 per cent increase in turnover over the next financial year.
Liston Newton helped us move our accounting over to Xero. Their Accountant managed the set up and training so we felt comfortable with the software. We now have all our processes streamlined which gives us improved visibility of our business performance. This has allowed us to open 2 more stores without a significant increase in administration effort.
Get the right advice and peace of mind that your future is taken care of.
You deserve to enjoy your retirement. Get peace of mind that you’re doing the right things now to set yourself up for a comfortable future.
For many people, they start to think about retirement financial planning in their thirties or forties. This is a good time to get started, as it’s a formative period in building your wealth, when you’re aiming towards a higher income. You’re also in a good spot where you can make robust long-term decisions.
Ultimately, the longer it takes for you to get onto your retirement planning, the less time you have to make these big decisions, or make adjustments to your plans.
So if you haven’t started planning for your retirement, the best time to start is now.
The good news is that if you’re an employee of a business, then your employer is already making regular contributions to your super account, which makes retirement planning in Australia a lot easier.
Putting robust retirement planning strategies into practice during the early years of your career progression gives you more opportunity to meet your retirement savings goals.
Retirement looks different for everyone, and what one person needs to retire comfortably may not be right for you.
Rather than a set figure, retirement planning is about achieving financial freedom. The ability to choose if you work, and how often you work. For those that love their job, they might not necessarily want to stop working just because they reach preservation age. For others, they can’t wait to cross that line and take the next step into retirement.
The key to working out when you should retire is ensuring you have the power to make the choice yourself. And the way to do this is through financial modelling.
At Liston Newton Advisory, we help our clients by starting with the end in mind. We determine how much money you want to spend each year once you reach preservation age, and work backwards from there. We determine what amount of money needs to be invested, now what investments should be made, and the return these investments need to make.
This ensures you’re doing everything you can to work towards your financial freedom—however that looks for you.
Typically, financial advisers will suggest that it’s safest to have an annual figure of approximately 66% - 80% of your pre-retirement income in order to retire comfortably. This enables you to continue living the lifestyle you’re used to, while still enjoying your retirement.
This assumes that you’re reasonably debt-free, without any mortgage or superannuation payments hanging over your head.
As a rule of thumb, the following figures have been suggested as a rough guide for your retirement planning in Australia. When retiring, you’ll need approximately:
Let's take a deep dive into planning for retirement, and how to make the most of the money you save.
Understand what these investments are, and the differences, benefits, and drawbacks of each one. Book an investment strategy session with Liston Newton Advisory.