When was the last time, you thought about what your retirement lifestyle would look like?

Most people are busy and extremely time poor. Each working week passes quicker than the last, and before you know it, another year passes, and the new year starts all over again. Each week seems like a blur, and unless you take the time out to think about WHY you’re working so hard, and HOW you can make the most of your professional life, you could be facing retirement sooner than you think, and be slapped with a retirement lifestyle very different to what you’d hoped for.

Questions to help you start planning & thinking of your ideal retirement lifestyle:

1. When do you want to retire?

Most people strive for a certain age, and that normally sits between 55 to 65.

  • When do you see yourself hanging up your boots?

    Do you wish you could retire earlier?

Maybe, you’d like to start cutting back, and go part-time leading up to your retirement?

When you actually want to retire is something you should be discussing with a professional adviser. Planning early and getting your financial affairs in order to be able to retire when you want to is a goal to strive for.

2. What might you like to do in retirement?

Just because you retire doesn’t mean you become a recluse. You’ve worked hard all your life to be able to do what you want to in retirement, so don’t lose sight of it. Start dreaming of the things you’d want to do if time and money wasn’t an issue.

  • Maybe it’s to travel and go on adventure holidays?

    Is it to reinvent yourself professionally, and begin a second career?

    Or you want to take up a new hobby or go back to learning a new skill?

    Perhaps, it’s simply to relax, have fun and do whatever you want without any constraints?

Whatever your retirement goals, start pursuing it, and jot them down.

3. Where do you want to live?

Some people like to downsize, and move to the coast. Others like to upgrade, and get a chance to experience inner city living, and enjoy an active social lifestyle.

Where you want to live in retirement impacts on the type of lifestyle you get to enjoy.

Maybe, you’d always wanted to sell, gift some of the funds to help your children out, and use the balance to buy a smaller pad, rent or even go overseas to live.

It helps to share your ideas and thoughts with an adviser who can begin the awareness, consideration and decision journeys to embark on to achieve your ideal retirement lifestyle.

4. How to stay healthy and active?

You want to make the most of enjoying your retirement, so you do need to consider how you’ll keep fit and healthy.

  • Do you currently have any medical conditions you need to account for?

    How do you safeguard yourself and your partner from any unforeseen events occurring that may impact on your wellbeing and retirement lifestyle?

    Do you have appropriate measures in place to protect you in times of health or medical issues?

It pays to start thinking and envisioning about your retirement lifestyle now so you can turn that vision into a reality.

Most people think they’ll be right, and have years before retirement but don’t put yourself in a situation of regrets.

The smarter way is to start engaging an adviser who shares the same visions as you, and understand what you need and want, and someone who can help to put all the puzzles together for you.

Related Article: Preparing for Retirement Must Knows and Dos

For more help on reaching your retirement goals, talk to a Dome Financial Adviser in Charlestown, Tamworth and Hunter Valley.

The information contained on this page is for discussion purposes only and is not intended to constitute financial product advice. It does not take into consideration any persons objectives, financial situation or needs. You should consider its appropriateness in light of your circumstances and consider seeking professional advice relevant to your individual before making a decision based on any information on this page.


Top 3 Financial Tips for your 20s

Top 3 Financial Tips for your 20s Congratulations! You’ve survived your teenage years, finished higher school education and graduated with professional skills, confidence and a zest to conquer the world. All the hard work, resilience and many life’s highs and lows...
Read More

Back to Basics 3 Money Principles

When life is chaotic it’s best to keep things simple. This is the same with your money principles. Keep it simple, and practice the ‘back to basics’ money management principles to help you stay financially fit and healthy.   1. Cut down on money going OUT  ...
Read More

Savvy Financial Tips for Women | Financial Planners in Charlestown, Hunter Valley & Tamworth

Savvy Financial Tips for Women For many women juggling to maintain balance over career and family time, it can get tough. It is even tougher when it comes to money. Here are some tips to help you stay in control and be financially savvy. 1. Make ‘compounding’ your...
Read More

5 Steps to Financial Zen | Financial Planners in Charlestown, Hunter Valley & Tamworth

Steps to Finding Financial Zen (Financial Peace of Mind) It’s very hard to find financial peace of mind or financial zen if you’re constantly faced with financial problems or money woes. So, how can we leave the circle of financial stress and achieve financial peace...
Read More

3 Golden Rules to a solid Investment Plan

The 3 Golden Rules to Investing When it comes to creating wealth, you need to start with a solid plan. A plan that is personalised to your situation, and one that is appropriate to meet your financial goals and objectives. Everyone is different, so every plan should...
Read More

What are the benefits only a financial planner can provide?

The many benefits financial planners provide As a financial planning professional, a question we get asked a lot by new clients is  "Do people really need a Financial Planner when so much DIY information is available online?", and so we’ve decided to clear up the...
Read More

Should you outsource your financial future to a financial planner?

These days, we outsource a lot of tasks to external professionals. Due to the chaotic nature of the busy lives we lead, we rely more and more on professionals who have the experience, knowledge and most importantly, the time to get things done for us. Simple things...
Read More

It’s your financial future, learn to plan for it, now!

It’s your future. Do something about it now. “It’s not the plan that’s important, it’s the planning.” - Graham Edwards You can have the best plan in the world but if you don’t act on it, why bother with one?   Top 5 Tips on How to plan for your financial future....
Read More

P: 02 4969 7069 | 1300 723 300

E: admin@domefinancial.com.au