Whether you are already retired or heading toward retirement, how to successfully fund your retirement requires professional advice and oversight.
Financial freedom in retirement
Retirement isn’t all about money; however, without it, retirement can be a difficult journey. Having a robust financial plan that enables you to make the most of your retirement years is a crucial step.
At Step Up Financial, we have been helping support retirees with their financial plans. As born and bred country people, we know how to look after our retirement clients and help you make informed and educated decisions to maximise your retirement nest egg.
We take a qualified and professional approach to financial planning. We guide, educate, and empower you to grow and protect your wealth. We will help you choose the most appropriate superannuation and investment structure to continue living the best life possible for as long as possible.
Optimise your wealth in retirement
We have helped thousands of retirees carefully consider their financial strategy in retirement and adjust to suit their circumstances. Whether you’re living the ‘Grey Nomad’ life, making a sea change or preparing for assisted living, planning now is crucial to achieving your desired lifestyle.
We can design and provide tailored and flexible advice on:
Transition-to-retirement strategies
Reaching preservation age means you can access your superannuation as an income stream. A transition-to-retirement income stream may allow you to reduce working hours as you approach retirement, fund salary sacrifice contributions and reduce personal debt.
Tax and contribution strategies
We’ll help you make the most of your assets with a range of tax and contribution strategies. We’ll regularly review your desired income for retirement and optimise it through superannuation, pension and salary sacrifice options.
Cash flow and debt management
Directing surplus cash flow and reviewing how to pay off your mortgage and manage investment debt (if you still have these) are critical parts of the process. We can advise on appropriate strategies to achieve these goals.
Superannuation and self managed super funds (SMSFs)
It’s critical to maximise the benefits of superannuation to grow your wealth in retirement. If suitable, we’ll advise on salary sacrificing, after-tax contributions, defined benefit scheme contributions, and establishing an SMSF. As SMSF specialists, we can support you through the process to determine if this is the most appropriate structure to fund your retirement objectives.
SMSF succession planning
It’s important that SMSF trustees consider that, over time, external factors and unforeseen events can potentially change your priorities and those of your SMSF, and limit your ability to make decisions or operate your fund. We work with you to create a tailored SMSF succession plan that helps to provide certainty for your beneficiaries and help mitigate related risks.
Estate planning
Estate planning means that the transfer of your wealth to your beneficiaries is seamless and minimises their tax liability, providing maximum asset protection. Your tailor-made plan will achieve your desired distribution of wealth in a tax-effective way. Our strategies include tax management and reduction strategies and inheritance protection.
Aged care advice
Planning for aged care can be a very stressful time, because as we get older, our living arrangements may need to change, sometimes quickly.
Aged care options can be complex and confusing, including assisted living in the home and residential care. Navigating these options and finding the best way to structure finances to pay for aged care needs care and consideration… and experience. We provide a clear and effective solution.
We know this region… and its people
We’re fiercely proud to be one of the Central West’s leading financial planners and financial advisers. Our deep understanding of the region and its people means we’re able to offer you a unique outlook and tailor-made financial plans for retirement.
Are you ready to Step Up and take control of YOUR financial future?
Contact Julie and the team today.