Planning

Retirement Planning in Mornington Peninsula

Thriving in Retirement

Retirement is when we get to relax and reap the rewards of a lifetime of hard work. But it’s no time to go on automatic pilot—careful planning is required to help get you to where you want to be. That’s where Freedom Wealth Solutions comes in. We are qualified financial planners who can help you develop a retirement plan for your unique situation and goals. We assist individuals in Melbourne, Gippsland, Frankston, Rosebud and throughout the Mornington Peninsula. 

 

Whether it’s achieving your dream retirement lifestyle or making sure your family is provided for, we’re here to help. We’ll work with you to assess your current financial situation, set retirement goals and create a plan to achieve them.

Trusted Financial Planners

Our advisors can also review your progress along the way and make any necessary adjustments to keep your finances on track.


To arrange a consultation, contact our financial planners at Freedom Wealth Solutions. It’s never too early – or too late – to start retirement planning.

Retirement Planning Advice

At Freedom Wealth Solutions, we often get asked if there’s a magic number—how much money do you need to retire comfortably? There's no one-size-fits-all answer to this. However, a general rule of thumb is that you'll need enough money to cover your essential expenses and have some extra left over for leisure activities and travel. Consider how much you'll need to maintain your desired lifestyle, taking into account income, expenses, debts and assets.

Retirement Planning Goals

Once you have clear picture of your finances, you can start setting retirement goals, such as when you want to retire, how much you’ll need in your superannuation fund and whether you want to leave anything behind for your family. With your goals in mind, our financial planners can help you create a plan to achieve them. This will involve looking at things like how much you need to save each month or year, what kind of investments you should make and how to make the most of any government benefits you're entitled to.

Frequently Asked Questions

  • What are some common retirement goals?

    Some common retirement goals include things like having enough money to cover your essential expenses, being debt-free and having enough money to enjoy your retirement. Other goals could include things like leaving a financial legacy for your family or charitable causes, taking regular holidays or downsizing to a smaller home. It's important to remember that everyone's retirement goals are different, so it's important to speak to a financial adviser to get started.

  • What are some things to consider when planning for retirement?

    There are a few things to consider when planning for retirement. Firstly, you need to think about how much money you'll need to cover your essential expenses. This includes things like your mortgage, utility bills and food costs. You'll also need to consider your lifestyle and whether you want to make any changes, as well as how much debt you have and whether you need to pay it off before retirement. Finally, consider estate planning and whether you'll make provisions for your family or charitable causes.

  • What are some common ways to invest for retirement?

    There are a few common ways to invest for retirement. One option is to invest in property, which can provide a regular income stream in retirement. Another option is to invest in shares, which can provide the potential for capital growth over time. Alternatively, you could invest in fixed interest investments, such as bonds, which can provide stability and income in retirement. It's important to speak to a financial adviser to discuss your options and find an investment strategy that's right for you.

  • Should I consider aged care when retirement planning?

    Aged care  is something you should consider when retirement planning, as it's an important part of ensuring you have a comfortable retirement. There are a number of aged care options available in Australia, including home care, residential aged care and respite care.

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Our Goal is Your Financial Freedom

Our Goal is Your Financial Freedom

Your Income in Retirement

Retirement income is made up of a number of different sources, including things like your superannuation, the age pension and other government benefits. You may also have other sources of income, such as investments or property.


Our professionals can explain your options, so you can get an idea of what your income will be during your golden years and how you can make the most of it. We can also advise on wealth creation strategies that may create additional retirement income streams. To find our more, or make an enquiry, call our advisors today.

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