WHAT DOES
YOUR POST WORK
LIFESTYLE
LOOK LIKE?
WILL YOU BE READY TO
RETIRE?
This question is a common fear for many people.
“Will me and my family be OK when I finally stop working?”
If you are doing life solo – this question can be even more daunting.
WILL I BE OK?
The only way to know for sure, is to take a good look at where your finances stand today – and make valuable and effective changes to shore up your financial future.
One of the easiest ways to improve the quality of your lifestyle when you stop working is to embrace Income Diversity.
WHAT IS INCOME DIVERSITY?
So what actually is INCOME DIVERSITY?
In the simplest terms – if you are only relying on your employment income and compulsory Super contributions – that’s a singular retirement income stream.
This makes you very vulnerable in a number of ways.
Mainly, if you lose your employment you no longer have –
A) Your SOLE SOURCE of income and
B) Your retirement contributions
This is why consolidating your debts and creating additional income or revenue streams is essential for your financial health and retirement outlook.
Having only one income stream also leaves you at the mercy of interest rate hikes and inflation/cost-of-living fluctuations.
*Already interested in learning more about Income Diversity can improve your overall financial position? Keep scrolling or click the green YES button to your right.
THE UPSIDES OF INCOME DIVERSITY
Creating income diversity also helps you PAY OFF YOUR MORTGAGE years ahead of schedule – which means less money goes to the bank in interest and fees AND – you don’t have to worry about a mortgage when you stop working.
All the money that would have been going to your mortgage every month can now go into other investments that will keep growing in your favour.
When I met my wife 6 years ago we were not in a great financial position:
- We were both recently divorced
- Our combined super balance was barely $150k
- We had two mortgages
- We thought we may never be able to retire
And now we are taking holidays every year, we’ve consolidated into one home-loan *that will now be paid off in just 5 years – and I’m about to scale back my work schedule. The Advantage guided us every step of the way. We can’t thank them enough!
FINISH WORKING EARLIER
Having no home loan to worry about and a secure after-working-life plan can also free you up to create more work flexibility or to finish working, years ahead of schedule.
All of this ensures a more comfortable and relaxed lifestyle both before and IN retirement.
To fast-track your path to an early retirement – Just click the green YES button on your right.
WHAT IS YOUR RETIREMENT READINESS?
THE ADVANTAGE RETIREMENT READINESS PROGRAM WORKS!
“I never thought we’d be in the position we are in now.
Getting to our late 40s – our combined Super balance wasn’t great (about $230k) and we had roughly $250k in home equity. So not even half way to where we needed to be.
We were so worried that we wouldn’t be able to financially help our four kids out when we stopped working.
Just 5 years later – and now we are going to retire debt free – and the way we’re going, we’re on track to go on a cruise every year!”
Dan and Jenny D.
To learn how you can get on track for your dream lifestyle when you stop working – and have the freedom to help your family get ahead – just click the green YES button to get started.
WHAT YOU WILL NEED
FAST FACTS
Many of us don’t know what our goals should be when it comes to our retirement savings.
The big costs to consider, when you finish work, include:
- Rent / Mortgage
- Bills (electricity, phone, groceries, car)
- Credit Card Debts
- Travel
- Medical Expenses
Here’s what the Association of Superannuation Funds of Australia (ASFA) has to say about what you’ll need if you retire at 67 *this does not include housing costs, so these figures will be higher for renters.
| ASFA Retirement Standard | Comfortable lifestyle | Modest lifestyle |
|---|---|---|
| Single | $630, 000 total $54,840 a year $1055 a week | $35,503 a year $632 a week |
| Couple | $730,000 total $77,375 a year $1,488 a week | $51,299 a year $855 a week |
SUCCESS STORY
Meet Miriam & Craig
Highs School sweethearts (and married fifteen years), Miriam is a beauty therapist with a busy home salon and Craig is 2IC at a signage factory. They were really worried about the ever-present stress of their Mortgage (especially with interest rates fluctuating all the time), and wanted to pay it down as soon as possible. They were genuinely worries they may never be able to really retire.
The Advantage Mortgage Reduction program now has them set to to pay off their mortgage in one third of the time. This means they can now focus on building a better and earlier retirement – something they thought would be impossible just a few years ago. And it all started with just one brief phone call, what do you have to lose?
WATCH THEIR STORY
ITS NEVER TOO EARLY TO TAKE CONTROL OF YOUR RETIREMENT OUTLOOK
As cost of living pressures continue to rise for all of us, its never too early to make sure this stress isn’t amplified when we stop working. Imagine retiring and having to worry about bills and groceries – when you no longer have income coming in to help cover the inflated expenses.
WHY RETIRE WITH MORTGAGE STRESS?
Anyone who has watched a loved one retire when they still have a mortgage hanging over their head can tell you that this is a unique financial pressure – often they feel forced forced to sell the family home, just so they can afford to live somewhat comfortably.
HOW OUR PROGRAM WORKS
At the The Advantage we develop a stronger retirement outlook for you and family by sharing our proven insider knowledge and experience. We step you through the strategies and programs that have worked for 1000s of our clients over the last decade. We look at where you are losing money (in fees and unnecessary loan interest) and also where you are falling behind on core financial milestones.
FINANCIAL EDUCATION IS EVERYTHING
We help people take charge of their own lives, by becoming well-informed about their financial reality.. their options – and potential.
Becoming financially educated could mean that you pay off your mortgage in record time. It is the difference between taking an average holiday or a brilliant holiday each year.
The earlier you start to truly consider your current financial position – and what this means for your future – the longer this knowledge can have a profound impact on your retirement lifestyle. It means that you stress less and have more time for all of the good things in life.
Although the Australian Superannuation system is one of the largest in the world, it does not provide a perfect safeguard to ensure that people actually end up with adequate savings to last through retirement without relying on the pension.
SHE’LL BE RIGHT
One of the major problems is that Australians assume that their superannuation will do the job come retirement.
We have a “she’ll be right” attitude when it comes to our super savings, highlighted by a recent ABS article that shows that more than 60% of individuals aged 55 to 59 expect to self-fund their retirement, but less than 20% will actually be able to get there. This short-fall is partly because most people don’t get serious about their retirement planning until the later stages of their working life.
Getting serious about your post-work lifestyle much earlier is essential for protecting you from unexpected econo later.
SO WHAT IS “A COMFORTABLE RETIREMENT?”
ARE YOU ON TRACK FOR A COMFORTABLE RETIREMENT?
According to the Australian Retirement Trust and ASFA benchmarks, these are the recommended targets to aim for to maintain a comfortable standard of living:
Age 25: ~$26,000
Age 30: ~$59,000 – $70,500
Age 35: ~$101,500 – $111,500
Age 40: ~$156,000 – $178,000
Age 45: ~$226,000
Age 50: ~$296,000 – $313,500
Age 55: ~$380,000 – $400,000+ (estimated growth)
Age 60: ~$469,000 – $496,500
Age 65: ~$600,000 – $700,000+ (needed for $70k-$80k annual
**Needed for $70k-$80k annual retirement income
If you’re concerned you’re not on track FOR THE LIFESTYLE YOU HAVE DRRAMED OF -, just click the green YES button and we will show you how to bridge the gap between where you are and where you need to be.
Meet Ross Greenwood
Financial education is the simplest way to start bridging the gap between where you are financially – and where you want to be. To help you make informed decisions about your money, we connect you with our national network of experts.
Australia’s most trusted voice in personal finance, formerly at Channel Nine and now Sky News; Ross Greenwood shares his personal finance insights, exclusively for Advantage clients.
To help guide you on your retirement-readiness journey – each month, Ross brings insider tips and money management approaches to you, right here at the Advantage,
Visit our news page to read more.
WHO IS THE ADVANTAGE?
As with all things in life, you don’t know what you don’t know, and that’s especially true with your finances.
The ADVANTAGE is a highly experienced and sought after team of Mortgage Reduction and Retirement Readiness experts and consultants.. We have broad-ranging experience and great success in helping our clients make the most of their money – at every stage of life.
Whether you’re financially secure and want to make well-informed decisions, or struggling to make sense of an increasingly confusing financial landscape; we’re here to shine a torchlight in the right direction.
Wherever you’re at in your financial journey, we can help guide you on your next steps toward a more secure and comfortable financial position right now – and in the future.
SURVIVING ECONOMIC TURBULENCE
With much of the world in political and economic strife, it is more important than ever to hedge against financial uncertainty. But what does that mean?
One key example –
If inflation results in mortgage interest rate increases – it’s important to have diversified assets that grow WITH inflation. While the value of our base wage will decrease as the cost of living rises – which assets are going to protect you from this loss in value? Is it stocks, is property.. or is it a side hustle that tops up your income?
GOOD GUIDANCE
Good guidance is what you’ll need to make the best decisons for your specific circumstances. And this is exactly where The Advantage is uniquely well established to assist. We have a diversified team and broader network of specialist experts in every area of monetary improvement. When we’ve uncovered the best solution is for you – we have the perfect team to help execute those plans.
ARE YOU HIDING
FROM YOUR
RETIREMENT STRESS?
Things may not be as bad as you think.
Wouldn’t it feel great to be on top of things?
At The Advantage, we help work out what’s not working and then get you moving confidently toward the kind of life you’ve always dreamed of when you finally stop woking.
More living, less hiding!
So now you have the opportunity to do a no-fee/high-value Retirement Readiness health check!
If you want to learn how you can improve your future retirement lifestyle – connect with us today.
A brief fee-free conversation could be your first step to real financial progress. You’ve got nothing to lose!
We may also be able to assist you in other areas of your financial life where little improvements can have a massive upside. Just check the relevant boxes to show us where else we may be able to help you.