five key areas to consider when planning retirement

make the most of your money
ipac advisers have extensive knowledge in superannuation and investments and can make sure that you are making the most of your money leading up to retirement.

• have you considered how much you need to retire on?
• have you consolidated your super accounts?
• do you know when you can access your super?
• have you reviewed your asset allocation recently?
• have you considered how to minimise tax on your super and investments?

specialist aged care division - ipac financial care
ipac have a specialist aged care division dealing only with aged care advice issues, do you sell or keep the family home to fund aged care, how can you ensure your parents receive Centrelink benefits etc?

Aged care is a highly emotionally charged arena. Financial advisers can take some of the stress away from those decisions by laying out clear choices for you.

• have you considered selling the family home to help fund retirement?
• have you considered future housing needs e.g. downsizing, home modifications, assisted living, retirement villages and aged care?
• have you considered issues with moving e.g. proximity to family, availability of public transport?
• have you considered ways to release equity from the home?

• do you understand the new work bonus and whether you are eligible?
• have you structured your finances so that you can receive government entitlements?
• what if you don't want to give up work altogether, how will this impact your eligibility for the age pension?
• apart from social security benefits, are you eligible for anything else now I'm retired?

• have you thought about what you want to do in retirement and the costs associated with this lifestyle?
• do you need to plan for any major expenses? eg major trip, home modifications
• have you considered part-time work?

• is your will up-to-date?
• do you need to provide for your families immediate cash needs?
• have you considered any tax issues that could impact your estate?
• have you considered whether your will could be challenged or whether your family could face any family court or bankruptcy issues?
• have you arranged an enduring power of attorney?