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Retirement Planning - retirement planning

Retirement should be an exciting and rewarding time in your life, but it can be daunting if you don’t feel financially ready to stop working.

Our Specialist Retirement Planning team can help you feel confident about your future by identifying tailored financial strategies and outlining simple steps you can take to achieve your desired lifestyle in retirement.

How Can I Plan for My Retirement?

Will your nest egg give you choices in retirement?

Will you have enough money to live comfortably for the rest of your life?

Do you have a plan in place that allows you to do all the things you want in retirement?

With careful preparation and some expert guidance, you can create a retirement strategy that suits your needs and goals. We are dedicated to letting you take charge of your future by helping you:

Set your retirement goals

Together, let’s work on your goals! Think about what you want your future to look like. Do you want to travel, spend time with family, pursue hobbies or start a side hustle?

Our team of financial advisers will help you consider your lifestyle expectations, and set goals to help you achieve your ideal retirement.

Understand your financial situation

It’s time to take a comprehensive look at your current financial situation, including your income, expenses, savings, superannuation, and investments. This way, we can understand how much money you have available and how much more you may need to save.

Develop a retirement plan

As we organise your finances and establish your retirement goals, we will create a retirement planning strategy tailored to your needs. We will carefully consider all the factors and help you enjoy a comfortable retirement with confidence.

Monitor and adjust your retirement plan

Of course, we understand your needs and circumstances change over time. That’s why we’ll review your retirement plan regularly. Together, let’s reassess your goals and make adjustments when necessary. This way, you can stay on top of your retirement!

Remember, the key to a successful retirement plan is starting early and being consistent with your savings and investment strategy. By taking steps now to plan for your future, you can look forward to a comfortable and fulfilling retirement.

If you need assistance with your retirement planning, please don’t hesitate to reach out to us for expert advice and guidance.

financial decisions before retirement
Make your transition to retirement secure

Your financial plan for retirement will give you peace of mind that you can enjoy your retirement the way you want and that your finances will go the distance.

We can help you maximise your retirement income and government benefits.

One of the most common questions we get asked is “Will I have enough money for retirement?”. But the answer isn’t so straightforward – the perfect amount you need will depend on your personal circumstances, your personal objectives and your retirement plans.

Here are some of the strategies our financial advisers can support you with to make the most of your retirement savings:

  • Identify your retirement goals and estimate the annual income you will need to live your best life in retirement
  • Identify optimal retirement income options from investment choices
  • Utilise super contributions (should you wish to make any additional contributions) to maximise your superannuation balance before transitioning to a retirement income stream
  • Determine your eligibility for the Centrelink Age Pension or any other additional government concessions, such as the Commonwealth Seniors Health Care Card
  • Structure your assets whilst also considering the tax implications
  • Develop a cash flow plan, if you wish to gradually transition into retirement by reducing your work hours
Enjoy the benefits of personal financial advice from Coastal Advice Group

Financial security

Our team of experts will help you build a secure financial future by saving and investing for retirement. We will work with you to create an income source to cover your living expenses and other needs during retirement.

Peace of mind

Enjoy peace of mind knowing that you are prepared for the future. By having a plan in place, you can feel confident that you are taking steps to achieve your retirement goals.


Embrace flexibility in your retirement years. With a plan in place, you can make decisions that align with your goals and budget without worrying about financial constraints.

Lifestyle choices

Live the dream retirement lifestyle that aligns with your personal preferences. Whether you want to travel, start a business, volunteer, or pursue hobbies, a retirement plan can help you achieve your goals.

Improved health

Improve your health by reducing stress and anxiety about the future. Knowing that you have a plan in place can help you feel more in control and less anxious about your retirement years.

It’s never too early or too late to start planning for your retirement.

Whether you are already retired or approaching retirement and wish to boost your savings, there are many effective options available to you. Depending on your financial situation, we will create a retirement plan that gives you peace of mind and the comfort of financial security.

At Coastal Advice Group, we can help you every step of the way on your journey to retirement.

If you want to enjoy retirement with peace of mind knowing there is a financial strategy to take care of the future, get started with retirement financial planning from our expert Advice Team.

Frequently Asked Questions about Retirement Planning in Australia

It’s never too early to start planning for retirement. The earlier you start, the more time you have to save and invest for retirement. However, even if you haven’t started planning yet, it’s important to start as soon as possible.

The amount you need to save for retirement will depend on your retirement goals and expenses. A financial adviser can help you determine your savings goals based on your unique circumstances and goals.

The age pension is a government benefit that provides a regular income stream to eligible retirees. To qualify for the age pension, you must meet certain age and income and asset requirements. The eligibility criteria change regularly, so it’s important to check the current criteria before you retire.

Generally, you can only access your superannuation when you reach your preservation age and retire. However, there are some circumstances where you may be able to access your superannuation early, such as in cases of severe financial hardship, permanent disability, or terminal illness.

It’s important to review your retirement plan regularly to ensure it aligns with your goals and objectives. Review your plan annually, or whenever you experience a significant life event or change in your financial circumstances.

Failing to plan for retirement can lead to financial insecurity and stress during your retirement years. You may not have enough savings to cover your living expenses, medical costs, or other needs, leading to a reduced standard of living. Planning for retirement can help you avoid these risks and achieve a comfortable and secure retirement.

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