You might be retired, but your retirement savings have plenty of work to do yet. Average life expectancies mean we’re living longer in retirement than ever before. So if you want to enjoy a retirement that’s as comfortable as possible, your retirement savings need to be able to go the distance. Here we take a look at some key considerations to help you maximise your savings throughout your retirement.
This page provides information and some key considerations for investing your retirement savings through your retirement. But keep in mind that it’s general information only. For information that’s tailored to your own financial circumstances and objectives, consider getting qualified financial advice.
How long you’re likely to be invested is always a critical factor in helping to determine which investments are right for you.
For many of us, retirement could last for 20-30 years or more. In investment terms, that’s still quite a long time horizon.
While you were younger, a key focus for your super investments was accumulation – simply saving as much as you could and maximising your investment’s potential for growth.
Now that you’ve retired, your investment needs to multitask. It still needs some potential for growth in order to be able to sustain itself and continue to help fund your retirement. But there’s also an increasing need to reduce risk and keep the day-to-day income you draw from your investment relatively shielded from any market volatility.
The investments that are right for you depend very much on your financial circumstances and what you want from your retirement.
A typical retirement investment may include:
MyPension is a ready-made portfolio of investments, selected by the experts, and managed by the experts on your behalf. It invests across three different investment options in varying proportions: Cash, Capital Stable and Growth.
Getting a little support and guidance from the experts can make a big difference when it comes to choosing the right products and investments for your next chapter, so you can make the move to retirement in the way you want to. Our qualified Financial Planners can help.
How do your super savings compare? Enter your details to see how you are tracking, and compare average savings for your age group.
Learn more about our advice process and how it can help you reach your financial goals.
Getting a little support and guidance from the experts can make a big difference when it comes to choosing the right products for your next chapter and helping you make the move to retirement in the way you want to. And our team is here to help.