Retirement Planning

Its’ never too early to think about planning for your retirement, but how do you know what you need and where does the planning begin.

Having a financial planner to guide you makes it easier to navigate the roadmap to the retirement you want. Retirement planning is as much about purpose as it is about money. Start with some big goals and plan your retirement dreams by knowing what you want life to be.

How much is enough to retire on?

This is the million-dollar question. It depends your personal circumstances and everyone is different. Your lifestyle now will dictate your lifestyle when you retire, albeit at a mildly slower pace.  Retirement is an extension of the life you currently live. Our experience at Rising Tide has shown us retirees don’t make wholesale lifestyle changes and lead very different lives once they finish work. 

The first thing you need to think about when planning a self-funded retirement is how you spend your money. If you spend, for example $1000 a week on living expenses, then you are going to need 65% a week when you retire.  Many of the costs related to going to work will be removed – your transport to and from work, parking, dry cleaning of your workwear or purchase of uniforms and similar expenses will be saved. Likewise, if you popped out for lunch or a coffee or two each day, that money is saved. 

ASFA suggests a comfortable lifestyle for a couple will require around $61,000 a year and enjoy a good standard of living through the purchase of such things as; household goods, private health insurance, a reasonable car, good clothes, a range of electronic equipment, and domestic and occasionally international holiday travel.

Think about separating expenses into living or everyday expenses, and the one off or luxury expenses that you will splurge on every few years like an overseas holiday or a long trip driving around the country. Once you can imagine what the day to day expenses look like, planning for the future you with no work becomes much easier to imagine.

“It is never too early to top up your superannuation and the long-term benefit means a retirement with more peace of mind.“

Start thinking now about how you can contribute small amounts now for a better time later. The earlier you start, the better you can enjoy your retirement. 

We strongly recommend you seek out financial advice from a trusted and qualified financial professional who will be able to devise an investment strategy tailored to your unique needs so that you can feel confident about your retirement.

Success Stories

  • Photo of Sam Rowe Professional Australian Rules Footballer, Carlton Football Club

    I was lucky enough to meet Matt Hale at a club function. I decided to go in to meet the team and it just felt like a perfect fit. Read Sam's full story

  • Photo of Kane Baker & Rebekah Elmaloglou

    We knew we wanted to put our money to good use, but we didn’t know too much about how to get started, so we sought help from the team at Rising Tide Financial Services. Read Kane's full story

  • Photo of Ben O’Neill

    I’ve learned so much from working with the team at Rising Tide. They helped me to understand and organise my finances, helped me to put a strategy in place to work towards buying my first home. Read Ben's full story

  • Photo of Tim & Vesa

    Friends of ours had recommended that we get in touch with Rising Tide Financial Services...Little did we know, it would turn out to be one of the best decisions we’ve ever made! Read Tim's full story

  • Photo of Anthony De Leo Sales Manager, Audio Visual Revolution Pty Ltd

    Having income protection, it’s obviously important in case things go wrong, you’ve got some back up. Read Anthony's full story

  • Photo of Alistair Tubb

    We’ve managed to get into a home that would allow us to grow which is great. They tied it all in together and it made sense to have a one-stop-shop. Read Alistair's full story

  • Photo of Fenella Wagener PR and Media Manager, Universal Music

    They helped us work out what are our expenses, and how much money can we save a month, and it’s crazy to think how much you can be saving a month! Read Fenella's full story

  • Photo of Trish Curtis Self-employed bookkeeper

    Right from the outset, Ali was so easy to work with. There just wasn’t the pressure I had experienced when working with other advisers. Read Trish's full story

  • Photo of Peta Currie Single parent

    While it’s fantastic to receive the income, I know that all of the paperwork can be really challenging for some people, and Matt has been a fantastic help. Read Peta's full story

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Testimonials

  • Since catching up with Matt, Tom & the team at Rising Tide, both Emily & I feel like we’ve had a chance to get our financial lives in order.

  • Great team! Braden was especially helpful in getting my finances sorted for my business.

  • Highly recommend the Rising Tide team - friendly, honest guys who have helped me make my financial dreams come to life. Also, they have a bar in their office, which is, you know, great.

  • Felt 100% care and commitment to my needs. Always highly responsive to requests for information and support. A+

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