Our aim is to help our clients achieve financial security and peace of mind in their retirement years
According to ASFA (Association of Superannuation Funds of Australia) in 2013, the annual net income required by a couple for a comfortable retirement is $57,665, assuming they own their own home. This means that you will need at least $850,000 by the age of 65 in order to happily live until around age 87, after which your money will likely run out, assuming a 7% return each year and indexation of 3% on the income. For a single person, the required annual income for a comfortable retirement is estimated to be $42,158.
For those relying solely on the Aged pension for their retirement, a couple will currently receive only $29,463 a year, whereas an individual would receive $19,544 (as at January 2014). There is obviously quite a difference between the Aged pension and the income level required for a comfortable retirement.
Based on ABS statistics in 2012, the life expectancy for the average male in Australia is 79.9 years of age, while the average female is expected to live until the age of 84.3. This essentially means that most people in Australia will live well past the current retirement age of 65, which is why it’s vitally important to plan ahead for your retirement nest egg.
Not having a financial plan in place for your retirement is like driving a car without a roadmap – you would struggle to ever reach your destination. If you need assistance with planning for your retirement, or to see if you’re on track with your current strategy, please contact Altura Financial Planning on (02) 8776 0104 for an obligation-free appointment. We can help you build a financial roadmap for your future.
My wife and I utilised Max’s services to review our life insurance policies, with particular respect to addressing an exclusion clause. Max spent significant time searching for the best possible solution and came up with a proposition that affordably met our requirements. I would not have been able to achieve this using one of those on-line insurance quote generators. Max did his utmost to get us the best deal and I would recommend him to anyone who is seriously looking to review their life insurance options.
Thanks Max for all your help with my new Life and Income Protection Policy. Not only have I got a better policy but a better premium as well. You answered all my questions and nothing was too much trouble. A pleasure dealing with you.
Insurance and the complexities of organising it has been made easy by Altura. Thanks Max for a painless process to organise what is an important aspect of any working person’s life. I have a great product within the price boundaries I gave and have the confidence that if I ever needed to claim, I have the full support of Altura to manage me through the process.
Max and Altura recently reviewed my superannuation and personal insurance circumstances. Upon reviewing my existing arrangements and analysing my personal needs, Max was able to outline a more cost-effective plan that saved money and was thereby likely to increase my return over time without compromising my personal coer. Max also took the time to make the process painless and simple and accommodate my busy schedule. Max is a true representative of customer service and operates a highly professional operation.
Max really took the time to understand my families needs and found a solution & cover that matched our situation and budget. His expertise, integrity and attention to detail were outstanding. He patiently followed up and answered each and every question with confidence and authenticity. I only wish all professionals conducted business in this manner. I can recommend Max to you enthusiastically and without reservation.
Max Pagnin from Altura Financial Planning provides outstanding knowledge and integrity in the field of personal insurance and income protection. Thanks to Max and Altura, my family was able to save over $5000 per annum on tax minimisation and through his detailed knowledge and support of my family’s needs for protecting our incomes, and the future of our children I can not thank Max enough, and highly recommend him to my entire network of family, friends and associates.
Max made a quite complex and daunting financial situation straightforward simple and not time consuming. Whilst finding me the best products and keeping my costs at a minimum, but with value, he stepped me through multiple options and was personable, friendly and punctual wiht good follow up.