Every one of us has a working life and must retire one day. We have to make plans and determine our income goals when we retire and have to take the necessary steps to achieve those goals.
As per Financial Services Council, it is believed that on average every Australian needs to use 62.5 % of their current income for a stress-free and wonderful life in retirement.
Retirement planning consists of planning sources of income, forecasting expenses, implementing a plan to save and manage the risks. The quality of planning and discipline in implementation will be the key factor to your satisfaction with your retirement lifestyle.
There are many retirement options. Here are reasons why retirement planning is utter important.
– No one can work forever
– It gives you financial independence
– Helps to fulfill your life aspirations
– Relying only upon pension is not wise
– You will be able to meet emergency medical expenses
– Early planning and diverse investments
Planning for retirement ?
Your BNH Financial adviser will prepare the wealth management planning process and guide you to make the most of all opportunities. We will help you in realizing the retirement objective customized as per your needs, circumstances, and identification of the right strategies while balancing the risks