Your retirement savings goals

If you are nearly ready to start drawing down on your savings to support yourself in retirement, you might not be comfortable with the possibility of negative returns. If this is the case, try and estimate how much you need each year to support yourself and recognise what risk you are willing to take to achieve that level of income.

You may need less money to live on when you retire than you do now. You may have paid off the mortgage, have no more work-related expenses and the children may be looking after themselves. Even so, you will want to maintain your everyday lifestyle once you retire and you will have more time to do all those things that you never got around to doing before. However, everyone is different. Super is one of the most tax-effective ways to save for your retirement. It is better to start planning your retirement sooner rather than later, so you have greater likelihood of reaching your retirement savings goals.

Seek advice

A licensed financial planner can work with you to choose the right investment option to suit your needs and retirement goals.

Maritime Super can arrange for a qualified financial planner to help. Contact Member Services to arrange an appointment.