Retirement Planning for Melbourne
Residents

Achieve the Financial Freedom You Deserve in Retirement

At Forward Path Advisory, we specialise in retirement planning services in Melbourne, guiding you towards a financially secure and fulfilling retirement. Retirement is an opportunity to enjoy the fruits of your labour be it travelling, spending time with family, or embracing a more relaxed lifestyle. We understand that preparing your finances for this new chapter can be daunting, and we’re here to support you every step of the way.

Our expert retirement planning services focus on optimising your superannuation, effectively managing your savings, and establishing reliable income streams to support your desired lifestyle. We also help you plan for unexpected expenses, such as healthcare or home improvements, ensuring you’re well-prepared for any eventuality.

Whether your retirement is imminent or several years away, our Melbourne based retirement planning advisers will collaborate with you to develop a straightforward, effective, and adaptable plan. We prioritise creating flexible strategies that can evolve with life’s changes, ensuring you feel confident and comfortable as you approach retirement. Serving clients in Melbourne and across Australia, our dedicated team is committed to helping you achieve a retirement free from financial concerns.

Core Areas of Retirement Planning Advice

Retirement planning encompasses several key areas to ensure a secure and fulfilling post-work life.

Income Planning
Investment Management
Tax Planning
Estate Planning
Financial Security
Inflation Protection
Debt Management
Tax Efficiency
Legacy Planning
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Superannuation Optimisation

Maximising your superannuation contributions and investment choices to ensure a robust retirement fund.

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Income Stream Planning

Establishing reliable income sources, such as pensions or annuities, to support your desired lifestyle during retirement.

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Tax Efficiency

Implementing strategies to minimise tax liabilities on your retirement income, preserving more of your wealth.

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Lifestyle Planning

Defining your retirement goals and aspirations to create a plan that supports your desired lifestyle.

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Estate Planning

Establishing a plan for the distribution of your assets to beneficiaries, ensuring your wishes are honoured and potential legal complications are minimised.

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Investment Management

Crafting and overseeing an investment portfolio that aligns with your risk tolerance and long-term financial objectives.

Frequently Asked Questions

When should I start planning for retirement?

At Forward Path Advisory, we believe it is never too early to start planning for retirement. Ideally, starting in your late 30s or 40s allows you to take full advantage of compounding interest and long-term investment growth. However, if you are in your 50s or 60s, we can develop a tailored retirement strategy to help you maximise your savings and achieve financial security.

The amount needed for a comfortable retirement depends on your lifestyle, expenses, and financial goals. According to ASFA’s Retirement Standard, a couple requires around $70,000 per year, while a single person may need approximately $50,000 annually. At Forward Path Advisory, we create personalised retirement plans that assess your unique circumstances, helping you determine the ideal savings target for a financially secure retirement.

Our strategic retirement planning includes:

  • Superannuation –Strategies to boost your retirement savings.
  • Diversified investment portfolios – Balancing growth and security in line with your risk appetite.
  • Tax effective wealth strategies – Reducing tax liabilities while maximising returns by investing in structures that provide the best tax outcomes when you need access to funds in retirement.
  • Income streams and annuities – Ensuring a steady income throughout retirement, with diversified income sources including rental income, dividends, annuities, and interest income.
  • Property investment options – Leveraging real estate as a retirement asset.

Investment strategies should be tailored to your financial position, risk tolerance, and long-term objectives, aligning with your retirement income goals.

If you are concerned about having insufficient retirement savings, our advisers can help you:

  • Adjust your investment strategy to maximise returns.
  • Boosting your superannuation through strategic contribution methods to enhance its growth over time.
  • Explore government support options such as the Centrelink Age Pension.
  • Consider alternative income streams.
  • Moving to a smaller property and investing the surplus funds to enhance your financial position.

At Forward Path Advisory, we focus on practical solutions to improve your financial security, no matter your current savings position.

Book Your Retirement Planning Consultation

Our Melbourne team is ready to help you build a secure and fulfilling retirement. Contact us to start your journey with confidence.