Superannuation Balances Over $3 Million: Understanding the Proposed Division 296 Tax
Confident Retirement Planning: Create a Legacy That Lasts
Stepping into retirement means more than leaving work behind — it’s about reshaping your finances so your wealth supports the lifestyle you want for decades ahead. With the right planning, you can move from relying on your pay cheque to confidently drawing on your savings without second-guessing your future.
Work Out Your Retirement Number
The first step toward a secure retirement is knowing exactly how much you’ll need. Instead of relying on vague estimates, review your spending now and project how those costs may shift once you stop working.
Ask yourself:
Will you clear your mortgage before retirement?
Do you expect to travel more, move house, or help children financially?
How will changes in your tax position affect your income?
By answering these questions, you can calculate the annual income your portfolio must deliver. A financial adviser can model these scenarios in detail, adjusting for inflation, investment returns, and life expectancy so you can make decisions with certainty.
Design a Resilient Retirement Strategy
Markets rise and fall. Tax laws evolve. Family needs shift. A well-designed retirement plan should bend without breaking.
Ways to strengthen your plan include:
Multiple income sources: combine superannuation, shares, property, and part-time or consulting work.
Spreading risk: diversify across regions and industries so you’re not exposed to one sector.
Smart withdrawal rules: flexible approaches like the “guardrails method” let you increase or decrease withdrawals depending on market performance.
This balance of structure and adaptability means your income can endure uncertainty without derailing your lifestyle.
Retirement With Intention
Financial security alone doesn’t equal a fulfilling retirement. The happiest retirees start with a clear vision for their next stage of life.
Consider:
The lifestyle you want day to day
How to use your money in ways that reflect your values
The role of health, family, and community alongside financial goals
Ideally, planning begins at least five years before retirement, giving you time to take advantage of tax opportunities and fine-tune your strategy.
Professional Guidance Matters
Confidence in retirement isn’t measured by the size of your portfolio — it comes from knowing you have a plan that works. An experienced adviser can help translate complex financial structures into a clear path forward, reducing uncertainty and freeing you to focus on enjoying life.
At Everest Financial Advisory, we help Australians build retirement strategies that balance growth, stability, and purpose.
Book a conversation with our team today to start preparing for the retirement you deserve.