Cashflow management in retirement

Knowledge Test

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Cashflow management in retirement - have you got it right?

So, the big question is: how much money is enough for your retirement?

Clearly, the one constant for every Australian in retirement is meeting basic living costs. Lifestyle is a very personal thing —luxury living for one person is a modest existence for someone else.

Consider your own circumstances and your SMSF. Will it provide for the type of retirement you want - perhaps a comfortable lifestyle? How much capital will you need to save to fund this comfortable lifestyle? You need to ask yourself how realistic are your expectations in retirement are.

In this session Peter will discuss the many variables that interact to influence your retirement income. A critical planning activity in the lead up to, as well as before retirement, is to set clearly recognize your own expectations of your SMSF.

Your comfortable standard of living would involve a broad range of leisure and recreational activities and a good standard of living through the purchase of such things as; household goods, private health insurance, a reasonable car, good clothes, a range of electronic equipment, and domestic and occasionally international holiday travel.

Have you stopped to consider in your investment strategy and portfolio the “must have” income versus the “nice to have” income?

Presented by: Peter Hogan, Head of Technical, SMSF Association

Peter Hogan headshot

Peter Hogan is the SMSF Association's Head of Technical and one of Australia’s foremost SMSF specialists, having worked in the sector over many years. A lawyer by training, he cut his teeth in the ATO before joining some of Australia’s largest financial institutions to work in key superannuation, investment and taxation roles. His enormous industry experience and knowledge, especially as they pertain to tax issues, means he is in constant demand on the SMSF speaking circuit. Away from the world of SMSFs, he is a keen weekend golfer when he is not providing a taxi service to junior sporting events. Peter is an SMSF Association Specialist Advisor and former Chair and National Boar

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