The key to a successful retirement is careful planning.

Retirement means many different things to different people – for some, it could mean spending more time with family, friends or travelling; while for others, it could mean pursuing a neglected passion, starting a small business or volunteering.

A key consideration of retiring though is ensuring you have sufficient savings and that the lifestyle you imagine in retirement is one you can ultimately afford. You can retire and just cross your fingers that things will work out okay or you can meet with a financial planner and put in place a retirement plan. This would involve an in-depth assessment of your financial resources in order to determine the best course of action for you.

I am a retirement planning specialist and have helped numerous people in the Newcastle area plan, look forward to and eventually enjoy a secure, comfortable quality of life in retirement.

Find out more about my approach to retirement planning and how I can help you.

While it may not seem like it yet, your superannuation savings are likely to be your greatest asset (aside from the family home) as you approach retirement.

Many people overlook the importance of superannuation and the role it plays in growing your retirement nest egg. Those who pay little attention to their super fund, may find that their super savings are held in the default (or balanced) option, which may not be ideal for their circumstances or retirement goals.

This could mean reaching retirement age with less money in your super than you may have otherwise accrued had the investments been more appropriately structured.

Defined benefit superannuation schemes are typically older schemes that are different from the more modern accumulation schemes we see today. The benefit at retirement is often determined by a formula based on a number of factors such as salary, length of time in the scheme or contributions made.

Defined benefit schemes can be more complicated that accumulation superannuation schemes. As such it is important to seek advice in this area from someone who has a thorough understanding of the intricacies of your scheme to ensure that you are maximising your benefit at retirement. I have provided advice to countless defined benefit clients over the years and have extensive experience in state defined benefit schemes such as SASS and SSS.

Investing remains one of the most effective ways to grow your wealth over the long term. Too many people make poor investment choices based on bad advice, coverage in the media or emotional decisions when markets experience a sharp downturn.

At Nest Financial Solutions, we believe to be a successful investor you need a disciplined approach and an investment strategy that is customised to your individual goals, objectives and requirements.

We design investment strategies based on a thorough understanding of your circumstances, attitudes and objectives; and we only proceed when you are entirely comfortable with the investment strategy we recommend.

When it comes to retirement, many Australians will come to rely on a full or part Age Pension to supplement their retirement income.

There’s no denying that dealing with Centrelink can be an incredibly daunting and frustrating experience, especially if you have grown accustomed to being financially independent throughout your working career.

I can provide assistance dealing with Centrelink including liaising with them on your behalf, helping you to complete paperwork and accompanying you to Centrelink offices as and when required. It’s all part of the personal service I provide to my clients.

A will is a legally binding document that outlines your wishes regarding the distribution of your assets upon your death and is only one aspect of the estate planning process. An estate plan is a detailed set of documents that can involve your will, trusts, powers of attorney, life insurance, beneficiary designations and property ownership.

An effective estate plan aims to maximise the value of the estate by reducing taxes and expenses while providing clarity around your wishes.

A will and estate plan outline who has the power to make healthcare and financial decisions on your behalf during your life and who receives your assets at the time of your death. I will guide you through everything you need to consider and ensure you have the things most important to you covered.

Contact details

Address:
88 Elder Street
Lambton NSW 2299

Mobile: 0413 030724
Email: dominic@nestfs.com.au

Nest Financial Solutions

Nest Financial Solutions Pty Ltd is a Corporate Authorised Representative (No. 1312348) of Capstone Financial Planning Pty Ltd. ABN 24 093 733 969. Australian Financial Services Licence No. 223135.

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