Financial Solutions and Advice For Over 50s
If you are considering financial advice and you are over 50, retirement planning is essential. You are no doubt wanting to also balance three generations of needs – your own, your children’s and even your parents’.
With complicated needs and less time to prepare for retirement, you can’t afford to receive questionable financial advice. You need someone like Axios Financial Solutions, with a proven track for results to advise and guide you carefully.
Retirement is the time to reap the rewards of your working life. This is the time to indulge in hobbies or travel, enjoy your family and prepare for transferring your wealth. You’ll need to keep making decisions about your income and investments, government benefits, your super, tax and estate planning strategy. The last thing most retired people want is to spend their time worrying about these issues, yet many do in Australia.
When pensions were the norm, retirement was a much simpler proposition from a financial perspective. Unfortunately, pensions by and large have disappeared, shifting the risk of generating a steady stream of income to retirees. Maximising the likelihood that this stream of income remains steady and safe throughout retirement is the number one issue for retirees and near retirees. Axios Financial advice for 50s can tailor-fit your retirement plan to suit your unique needs and love the retirement you deserve.
How Axios, the leading Financial Planners in Melbourne can help
Planning what you want to do in retirement
Budgeting and goal setting
Accumulating enough wealth to enjoy a comfortable retirement
Debt management and investment strategies
Evaluating your superannuation
Changes in employment e.g. redundancy, part time work
Providing for your children
Consider this case study...
Simon, an Engineer in Melbourne and his wife Kate have been clients of Axios Financial Solutions for more than 20 years.
Simon did not earn a large income, and Kate did not work outside the home, so they hadn’t saved adequately for a suitable retirement. They had been living in an affluent Melbourne suburb for the last thirty years where they raised their family. Their adult children had since moved out of home and the house was no longer suitable, as it required a lot of maintenance and was too big for this time of their life.
With our expertise in financial planning and services, Axios worked together with Simon and Kate to create a retirement plan so that they would be able to retire at 65 (at the latest). We then worked towards a solution to enable them to take control and achieve a retirement lifestyle of their choosing supported by a sustainable income.
Shortly before retirement, Simon had a heart attack and Kate was diagnosed with cancer. Thankfully they both had trauma insurance and the successful claim allowed them to subsidise their medical costs and also reduce their home mortgage without added financial situation and stress. They have both since recovered and are now in good health.
When Simon turned 62, they decided to sell their home in Camberwell, Melbourne. The house sold well above expectations allowing them to boost their retirement fund and move into a newer home (in the same suburb) that was more manageable.
The additional boost from the sale allowed them to do things that they never thought were possible, such as support their daughter who had given birth to twins, and enjoy a much larger income during retirement without the fear of running out of money. They also now have the financial capacity to assist their grandchildren with education costs, which provides them with great satisfaction.
The information provided is of a general nature and does not take into account your personal needs and financial circumstances. You should consider the appropriateness of the advice, having regard to your objectives, financial situation and needs.
For specialist advice from award winning financial planners, contact Axios Financial Solutions. As a referall based business, we appreciate your referrals to family and friends.