They’re questions every Australian will ask at some point: Am I going to be financially okay when I finally stop work? Or will that day ever come?
Ideally, they’re questions you should ask yourself from an early age. Because ultimately, while there’s no shortage of advice and support to guide you, only you can answer what your big post-work dreams look like.
“For some people, it’s loading up a caravan,” says AIA Financial Wellbeing Senior Financial Planner Mark Osborne. “For others, it’s first class flights. And there’s a lot of variation in between.”
Once you have a clear picture of what your retirement looks like, you can start thinking about how much income you'll need to fund it – and that’s where a financial planner like Mark can put the structures in place to achieve that income.
“We can start there, then work together to add in the lifestyle elements, whether it’s a gift to the kids to help them get their first home, or part-time work, or travel plans or a new car,” Mark says.