Retirement Planning

Although it may seem intangible, strategy can play a large part in how your retirement will turn out. The choices you make at this point in your life can heavily colour what is likely to happen later.

If approaching retirement

When approaching retirement there tend to be two main concerns:

• How to maximise time and resources to boost net worth
  before retiring
• How the transition to retirement should happen

Regardless of what your vision for retirement might be, what should be fully understood is that you could be retired for a long time. It is entirely feasible that by retiring at 65 you could live for another 30 years.

There is a natural balance between your asset base and how much you may need to spend during retirement. Endeavour can assist you in planning for this; weighing any choices and options you have available now against future consequence.

If already retired

Capital preservation and income creation are paramount when building portfolios for those who are retired. However, there are important sideline issues that must also be considered.

Plans should be determined for:

• How long you will live in your current home, where the next move might be and what, if anything, needs to be done beforehand
• Whether or not you will be eating into capital and can this be remedied
• The income required in later years. How much can you afford to spend in your early, active part of retirement before it impacts on long-term income
• How much you intend to leave behind for the benefit of others.

Endeavour can help manage the big picture while building a portfolio capable of seeing you effectively through retirement.

Endeavour can help with

• Retirement planning
• Retirement analysis and troubleshooting
• Asset protection and estate planning
• Investment for growth
• Investment for the generation of regular income