Retirement finally back on the agenda
Over 55s have finally recovered from the post-Global Financial Crisis (GFC) malaise that prevented them from retiring, an SMSF adviser says.
The conversation with SMSF trustees has shifted markedly from one of capital preservation to retirement planning — a sign of economic positivity, according to Crowe Horwath's head of superannuation and SMSF, Susie Salmon.
"The last few years have been difficult for SMSF trustees, concentrating on rebuilding the capital base of their funds," she said.
"This focus on re-accumulating funds lost during the GFC has led to many trustees not having the time to properly plan their portfolios for retirement."
Regardless of the economic climate, Salmon stressed the importance of assessing retirement readiness and employing strategies such as superannuation consolidation to reducing the taxable component of retirement income.
The advice follows the roll out of a series of Crowe Horwath events across Australia to help future retirees plan for the next few years. Further events are scheduled early next year.
AUTHOR
Staff Writer
Recommended for you
With the highest number of candidates in a year sitting the latest financial advice exam, a surge of new entrants are expected in the coming weeks, according to Wealth Data.
AMP has launched a range of five diversified index managed portfolios on its North investment platform, targeting a younger client demographic.
An NSW adviser, who advised over 120 clients after falsifying her financial advice exam results, has been permanently banned by ASIC.
ASIC has released the results from the latest financial adviser exam, the first to be run since changes to its structure earlier this year.
