TO HAVE the kind of retirement that you want, it is vital to plan ahead. Based on research conducted in 2015, four in every twenty Australians retired earlier than expected due to health issues and only one in twenty had a plan in place to deal with that eventuality. The odds of Australians being forced into early retirement are one in five.
RI Advice Group financial adviser, Edward Dalle Nogare said, “Unexpected health issues, adult children in need and changes to legislation are just some of the risks facing a healthy retirement. I encourage people to work with a financial adviser to develop an appropriate investment strategy which considers your income needs in retirement.”
Edward said, “On average, Australians expect that they will start working at age 20, retire at age 65 then pass away at age 81, however, it’s possible that you will start working at age 20, retire at age 54 due to illness or injury and live to age 91. This would mean that your money may need to work for longer than you do.
To combat this threat, an appropriate investment structure may be beneficial. This can be achieved by working with a financial adviser to determine an appropriate investment strategy.
Contact RI Advice Group’s authorized representative, Edward Dalle Nogare to plan your retirement so that you don’t need to compromise. Located at 630a Wyndham Street, Shepparton, phone 5831 2833.