Approaching retirement…financial advice is highly recommended

Approaching retirement…financial advice is highly recommended

It is a sobering reality that most people do not know how much money they will need to ensure a comfortable retirement. Making good decisions about how to best manage your money will assist you to build wealth and will determine whether you achieve your short and longer-term savings goals. Whilst it obviously matters how much money you have – it’s how you put your money to work that can make all the difference.

The key is to start saving for your retirement much earlier and to contribute to your super throughout your working life. The effects of compounding returns will also ensure that your super balance will continue to grow and your money will continue to work hard for you. But how much should you contribute to meet your future objectives? This is where financial planning can help.

What value can be gained from getting advice?

Financial planning is about building a framework so that you can meet your needs now and in the future. Good advice is all about strategy and will ensure you are making the most of your financial situation. This will also give you a sense of control and, more importantly, peace of mind.

On the flip side, not getting good advice may lead to missed opportunities. You may be paying too much tax or not claiming benefits for which you are eligible. Another risk is not having adequate insurance cover for you and your family.

At NGS Financial Planning, getting sound financial advice is easy. As an industry super fund, our costs are low, our fees are fixed and we pay no commissions to financial planners. Your initial consultation with NGS Financial Planning is free, even if you are not a member of the Fund.

For more information please click here.