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Provision Newsletter

A happy and healthy retirement

Posted On:Sep 18th, 2013     Posted In:Provision Newsletter Articles    Posted By:Provision Wealth

As you enter the home stretch, the concept of retirement is slowly becoming more real. You’re starting to think more clearly about what sort of retirement you’d like.

Spring is a great time to start getting fit for your retirement future. Here are seven things to think about as you get your retirement plan into shape.

1.    Invest with your

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As you enter the home stretch, the concept of retirement is slowly becoming more real. You’re starting to think more clearly about what sort of retirement you’d like.

A happy and healthy retirementSpring is a great time to start getting fit for your retirement future. Here are seven things to think about as you get your retirement plan into shape.

1.    Invest with your head, not your heart

When you’re investing your retirement nest egg, it’s easy to react emotionally, rather than examine the evidence rationally. This can lead to making poor investment decisions, such as moving your money around at the wrong time or trying to chase returns.

By focusing on the three investment pillars—income, security and long-term growth—you can avoid making rash decisions.

2.    Do it yourself

In the lead-up to retirement, many Australians are turning to self managed super funds (SMSF) to take more control over their super.

But SMSFs may not be for everyone. With more control comes more responsibility for compliance, investments and administration. Most SMSF owners find it pays to seek financial and taxation advice.

3.    Make a smooth transition

Retirement used to represent a sharp break with the past. But these days, the transition doesn’t need to be so abrupt.

A transition to retirement strategy allows you to continue working and contributing towards your super, while starting to draw an income from your retirement nest egg.

4.    Maximise your Age Pension

With all the focus on funding our own retirements, it’s easy to lose sight of the important role the Age Pension can play in boosting your retirement income.

With careful structuring of your finances, you can maximise your benefits and help your retirement savings last the distance.

5.    Prepare for aged care

When we think about our retirement, we tend to focus on the early years. But there may come a time down the track when you need more help, whether it’s at home or at a residential care facility.

Careful planning can help you choose the right option when the time comes.

 6.    Plan your estate

A good estate plan will distribute your assets according to your wishes, protect your family’s interests and make sure your dependants are not hit with unexpected tax bills.

It will make sure the right funds end up in the right hands at the right time.

7.    Crunch the numbers

Retirement isn’t just about the dollars and cents. It’s about health, wealth and happiness. It’s about generating an income, maintaining a healthy lifestyle and using the skills you’ve built up over a lifetime to develop new hobbies and help others.

But the numbers are a good place to start. How much have you saved and how much will you need to live on when you retire?

If you get the numbers right—if you plan and prepare well—you’re more likely to get the lifestyle you want. You can live the way you want, where you want, doing the things that you love—spending more time with the grandkids, exploring new countries, enjoying good food and wine with friends.

Doing your homework now can help you enjoy a better retirement down the track. Want to know more? Call us today on 07 5447 7740 to start the conversation.

 

What you need to know

Any advice contained in this article is of a general nature only and does not take into account the objectives, financial situation or needs of any particular person. Therefore, before making any decision, you should consider the appropriateness of the advice with regard to those matters. If you decide to purchase or vary a financial product, your financial planner, our practice, AMP Financial Planning Pty Ltd and other companies within the AMP group will receive fees and other benefits, which will be a dollar amount and/or a percentage of either the premium you pay or the value of your investments. You can ask us for more details.

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Life managed!

Posted On:Sep 18th, 2013     Posted In:Provision Newsletter Articles    Posted By:Provision Wealth

As you get ready to welcome spring into your life and your home, it’s a good time to sort out your paperwork.

From electricity bills to insurance reminders, it’s hard to keep track of all your service providers—especially online, with so many different websites and so many different log ins to remember.

One way to start organising your communications this

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As you get ready to welcome spring into your life and your home, it’s a good time to sort out your paperwork.

From electricity bills to insurance reminders, it’s hard to keep track of all your service providers—especially online, with so many Life managed!different websites and so many different log ins to remember.

One way to start organising your communications this spring is to get yourself an Australia Post Digital MailBox. It’s a free, secure, online platform, where you can receive communications, pay bills and store important documents—all in one place, with just one password.

Your Digital MailBox lets you:

  • store, manage and track communications from your service providers, including AMP—as more service providers get on board with APDM, you will have more choices

  • set reminders and make online payments anywhere, anytime—on your PC, tablet or smartphone

  • access a personal digital vault for important documents, such as your passport.

It’s a great way to reduce your paperwork and keep on top of your finances.

AMP is on board

We know how important it is for you to manage your financial affairs using the latest technology.

So we’re proud to be partnering with Australia Post as a foundation member of this exciting new online initiative to give you more secure ways to connect with all your service providers.

How do you register?

It’s easy. Simply go to digitalmailbox.com.au and follow the prompts.

Which AMP products are part of the Digital MailBox?

We’re launching our Digital MailBox service with some of AMP’s flagship products. Once you’ve signed up, you’ll start to receive digital mail for certain types of correspondence relating to selected AMP products—including superannuation, retirement, investments and insurance.

You can check if your product is on the current list at amp.com.au/apdm. We’ll be expanding our Digital MailBox service and adding more products over the coming months to enrich your digital experience.

In the meantime, you may continue to receive some of your mail in the same way as before.

What if your product isn’t on the list?

Don’t worry. You can also view online statements at amp.com.au/myportfolio, the secure online gateway to your AMP accounts.

My Portfolio is a great way to access up-to-date information about your super, insurance and investment portfolio, and take control of your super future—whenever and wherever you like.

Want more information?

If you’d like to know more about how the Digital MailBox works, contact Australia Post via the Contact us section at digitalmailbox.com.au. If you have any questions about your AMP products, call us today on 07 5447 7740.

 

What you need to know

Any advice contained in this article is of a general nature only and does not take into account the objectives, financial situation or needs of any particular person. Therefore, before making any decision, you should consider the appropriateness of the advice with regard to those matters. If you decide to purchase or vary a financial product, your financial planner, our practice, AMP Financial Planning Pty Ltd and other companies within the AMP group will receive fees and other benefits, which will be a dollar amount and/or a percentage of either the premium you pay or the value of your investments. You can ask us for more details.

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