Australia has an aging population and the Age Pension is becoming harder to get and keep. Being able to support yourself, at least for the first few years of retirement, gives you the opportunity to retire prior to your Age Pension age. As well as this it gives you the freedom to achieve your “bucket list” when you are ready and healthy enough to do it.

As lifestyle financial planners, since 1985, LFS specialises in Retirement Planning. They have worked with over a thousand clients to design strategies that take into account the individual’s needs and plans. No two households are the same, every client needs their own goals and risk profile to be considered and a strategy designed for their retirement that takes these things into consideration. There is no one-size-fits-all retirement solution, and not one retirement product that is right for all retirees.

“Your financial planner needs to have a suite of products available in their tool kit to give you the best outcome for you. Often the best solution is a combination of products, such as a pension and an annuity. And then of course, the individual risk tolerance needs to be considered to make sure the retiree is not taking on too much risk, outside their comfort zone, or taking on too little growth exposure and runs the risk of out-living their money.” says Chris Vanden-Driesen.