Pre & Post Retirement Planning

As Lyn’s clients move from the early stages of their financial evolution such as paying off their mortgages and raising and educating their children, their goals become aligned with a life of leisure and travel after their working life.

Planning for their eventual retirement ideally begins when they first become clients of Lyn Eddy Financial regardless of their age or financial position.

Of course, any financial plan needs to be flexible enough to allow for life’s unexpected situations. Lyn always encourages her clients to contact her if an unexpected event occurs which can potentially impact their financial position.

Discussing the role of Centrelink for her clients is also an important component of retirement planning for Lyn. Some clients prefer not to ever need to claim a pension from Centrelink, while others see this as a viable source of regular income in retirement. It may be that some clients will have a variety of incomes in retirement including:

Regular monthly account based pension or annuity payments
Interest on money in bank accounts and term deposits
Dividends from shares and distributions from managed funds
Age pension from Centrelink or DVA pension
Income from part-time or casual employment (becoming more popular since the GFC)