New course to teach about retirement

Planning For Superannuation - Financial advisers In Whitsundays, QLD

When it comes to scrubbing up on financial planning for retirement, how far ahead have you thought? Superannuation forms a crucial part of how we get by once we stop working, but often configuring payments to maximise the payoff in later life is something we put off until later.

However, a new course is being introduced by the Association of Superannuation Funds of Australia (ASFA) to help advisers better communicate lessons about post-retirement, and ideally plan superannuation so it can sustain people. This is particularly important for those working in industries like mining, where work can be irregular, requiring a specifically tailored plan and the right advice.

In a March 16 press release, ASFA stated that the new course focuses on income streams, the risks of retirement, estate planning and aged care. It enables financial advisers and product issuers to continue giving fantastic plans and tips to those who need guidance in financial matters.

“The Intergenerational Report shone a light on just how much the demographics of our population will change over the coming years,” said Pauline Vamos, CEO of ASFA.

“For superannuation funds, this means more and more members moving from accumulation into retirement. This gives rise to a new set of challenges for call centre staff, product developers and financial advisers as fund members demand more information to help them effectively navigate this transition.”

Creating the right plan means taking stock of what your financial situation is, and making appropriate investments, contributions and savings to bear fruit in the decades to come. It’s never too early to start this – after all, Roy Morgan Research from 2014 shows that even kids between six and 13 have saved over $650 million.

This ASFA course is likely to ensure that you get the right guidance from your financial adviser or mortgage broker. To seek further financial help, feel free to contact Eclipse Financial Services.