Making a decision about how much you want to live on when you retire is important - it will help you work out how much you need to save to achieve your lifestyle goals in retirement. It's not a bad idea to keep track of how much you spend now so that you get an idea of your annual expenses.

There are some great tax effective options for saving as well as easing into retirement - otherwise known as 'transition to retirement.'

There are a number of transition to retirement strategies that can be developed including cutting back your working hours and topping up your salary from your super or bossting super contributiongs thorugh additional salary sacrificing but maintaining your take home pay by topping it from a super pension. If you want to keep working past the age of 60, transition to retirement strategies can be even more beneficial as the income from your super pension may be tax free.

At this stage you should be looking at ways to become more educated about your options. You should find ways to keep yourself up to date with super and retirement issues, including financial a Financial Adviser who provides you with up to date information and regularly reviews your circumstances.

Everyone's needs and wants are different, which is why it's so important to talk to an Addwealth for Women Adviser who can develop a strategy that is tailored for your needs.

Why wait to be wealthy? Call Addwealth for Women today on 08 9284 3144 or register online at www.addwealthforwomen.com.au

Click here for other related articles

---

Add this page to your favorite Social Bookmarking websites