Hiring a retirement specialist is a wise decision for many reasons. Like most people, you know that the best retirement planning Wollongong is a wise investment and can offer more security and choices in your life after retirement. But do you know why?
5 Great Reasons to Hire A Retirement Specialist
Reason 1: Get expert advice on superannuation or “super,” as it’s called in Australia. Because of an increase in self-managed super funds (SMSFs), this area is so complex that we recommend hiring a company who has extensive experience with these types of accounts for your particular needs and who will not only provide the necessary expertise but also prepare all legal documents required for setting up an SMSF.
Reason 2: You receive access to a wider range of investment options, including trusts, charitable giving, tax benefits, and even retirement strategies that are unique to your personal situation.
Reason 3: You can choose from the best superannuation Wollongong providers at a lower price because an experienced specialist will shop around for you until they find the right plan with the lowest costs.
Reason 4: A good specialist will also monitor your super fund for mistakes or missteps, so it remains one of the most efficient plans on offer in Australia today.
Reason 5: If you have lost touch with what’s happening with your super account(s), a professional advisor can help provide necessary updates so you won’t miss opportunities to increase your overall account balance through diversification of investments, higher returns, and so on.
And for those who want to work with a professional retirement specialist, we recommend these steps:
- Be sure the company you choose is registered by ASIC and has no pending complaints
- Make certain that the advisor is certified and experienced in the area of business he or she will be working in (for example, financial planning and investments, life insurance management). Look for an advisor who has earned the Retirement Specialist certification from CFP Australia. If they don’t have it, they can apply here
- Ask about their experience working as a retirement specialist and how your specific needs will affect your investment choices, as well as superannuation or even investment strategies such as trusts. Because of today’s constantly changing economic climate, it’s often best to work with an advisor (retirement specialist) who has knowledge of the various types of investments available now and in the future.
For many people, retirement planning Wollongong is one of those things they put off thinking about. But there are many good reasons to do this well ahead of time because if you don’t consider what could happen in life after retirement (and you’re not planning for it), then events that occur years into your retirement could end up changing everything from your standard of living to perhaps even where you live or how much money you have at your disposal.
