Retirement Planning
We believe in protecting our clients wealth

Wealth management for retirement planners is an important area of focus for BMP Wealth financial advisors. Several key considerations exist when transitioning to retirement. At this stage of your life, retirement planners need plans and investment strategies that provide a degree of certainty and protect their assets.

Retirement Planning

We make long-term commitments

Secure your financial future with our expert retirement planning advice. Based on your unique goals and objectives, we can offer personalised guidance designed to protect your assets, capital, and income streams, ensuring a sustainable and comfortable retirement.

Begin Your Retirement Planning Journey with our Advisors

Count on us to help you achieve the peace of mind and financial stability you deserve in your golden years.

Our Capabilities

When planning for retirement, it's essential to understand your income, assets, and debt position and how they can impact your potential retirement outcomes. Here's expert guidance on optimising these areas:

  • Review your investment portfolio: Assess your investments’ asset allocation, diversification, and risk level to align with your retirement goals.
  • Develop a retirement income plan: Consider strategies such as a regular withdrawal plan, annuities, or a combination of growth and defensive assets to generate a sustainable income stream in retirement.
  • Regularly review and adjust: Monitor your investment performance, adjust your portfolio as needed, and seek professional advice to optimise your asset and income position.
  • Understand preservation age: Determine your preservation age based on your birth date, as it determines when you can access your superannuation benefits.
  • Age Pension eligibility: Assess the income and asset test thresholds for the Age Pension to determine if you qualify. Seek advice on strategies to structure your assets and income to maximise your eligibility.
  • Consider a transition-to-retirement strategy: If you are still working and have reached preservation age, explore the option of a transition-to-retirement strategy, which allows you to access a portion of your superannuation while continuing to work.
  • Assess your debt interest rates: Compare the interest rates on your debts with the potential returns on additional superannuation contributions.
  • Evaluate risk and returns: Consider the potential benefits of paying down high-interest debts versus the long-term growth potential of increasing superannuation contributions.
  • Seek personalised advice: Consult with a financial advisor to determine the optimal balance between debt reduction and superannuation contributions based on your specific situation and risk tolerance.
  • Understand SMSFs: Self-Managed Superannuation Funds (SMSFs) allow you to have more control over your superannuation investments, including the option to borrow funds to acquire assets like property.
  • Assess the risks and costs: Consider the potential risks, costs, and legal obligations associated with borrowing through an SMSF. Seek advice from a specialised SMSF advisor or accountant before proceeding.
  • Evaluate the investment potential: Determine if borrowing within your SMSF aligns with your investment goals and risk appetite. Ensure you have a comprehensive investment strategy in place.
  • Consult a financial advisor: Engage a qualified financial advisor specialising in retirement planning to assess your unique circumstances, goals, and risk tolerance. BMP Wealth can help develop a comprehensive retirement plan tailored to your needs.
  • Stay informed: Continuously educate yourself on retirement-related topics, changes in legislation, and investment opportunities to make informed decisions.
  • Regularly review your plan: Periodically review and adjust your retirement plan to accommodate changes in personal circumstances, market conditions, and legislative updates.