1800 864 864
Phone and email enquiries between 8:30am to 4:30pm, weekdays.
You want a bright future. Start planning for it today by getting straight answers, the right advice and smart strategies.
With the cost of living going up each year, it’s hard to imagine how much you’ll need for your retirement. But, the latest figures from the Association of Superannuation Funds of Australia (AFSA) suggest that if you’re aiming for a comfortable lifestyle in retirement you’ll need to save about $640,000 for a couple or $545,000 for a single person1. And, it would be even more if you want to enjoy some of the finer things in life.
To find out, enter the Bridges Retirement Lab, see how you measure up and whether you’re on track to live the retirement you want.
Enter the Bridges Retirement Lab
The Bridges Retirement Lab is an online tool that lets you picture your lifestyle in retirement and select the level of comfort you envisage for your home, food, leisure, transport and health care. You can then see if your savings, super and investment strategy measure up to meet the retirement lifestyle you want, view and download your results and see how financial advice can help you achieve your retirement goals.
To help you picture your retirement and see how you measure up, the Bridges Retirement Lab lets you test out various retirement scenarios through a three step process.
Picture your lifestyle in retirement.
Test if your savings, super and investment strategy measure up to meet the retirement lifestyle you want.
View your results, see what action to take and how financial advice can help.
Bridges Financial Services Pty Limited (Bridges). ABN 60 003 474 977. ASX participant. AFSL No 240837. In referring members to Bridges, Teachers Mutual Bank Limited, does not accept any liability or responsibility for any act or omission or advice provided by Bridges or its authorised representatives. This is general advice only and does not take into account your individual situation, needs or circumstances. You should assess your own financial situation, or seek professional advice before making any financial decisions based on this advice. If we refer you to Bridges for financial advice we may receive a referral fee ranging from 0-30% of any entry fee and/or any ongoing fee paid by you to Bridges. Part of the IOOF group.
1. Source: ASFA retirement standard December quarter 2015. Note: assumes that the retiree(s) is in receipt of part age pension, owns their own home outright and is relatively healthy. For more information and the latest figures visit the ASFA website.
Bridges financial planners cover a wide range of financial planning and investment services to help you achieve your financial goals. They are committed to providing clients with professional, ongoing advice and service and can help you with retirement planning, superannuation strategies, salary packaging, stockbroking and so much more.
Bridges Financial Services Pty Limited is one of Australia’s largest, national financial planning and stockbroking organisations with over 250 authorised and accredited financial planners across Australia. Bridges holds an Australian Financial Services Licence issued by the Australian Securities and Investments Commission (ASIC) and is an ASX Participant.
It pays to seek advice from a qualified professional. So while many people are aware that they need professional advice, it’s often hard to know where to start. The quest isn’t simply to find a planner; but to find one you can trust. Getting the right advice can make a huge difference, especially when it comes to your financial affairs. In fact, research by the Financial Services Council shows that people who received advice were almost $100,000 better off at retirement*.
*Source: Financial Services Council 2011. The research shows that a 30 year old would save an additional $91,000, a 45 year old would save an additional $80,000 and a 60 year old would save $29,000 more than those without a financial adviser.
Marriage, divorce, first job, new job, redundancy, first home, children, school fees, death of a loved one, illness, injury, retirement – some are expected, some are unexpected, but all are a part of life and just a few of the times when financial planning advice can make a difference. Any change in your personal circumstances can have an impact on your financial future. So, if your circumstances change, having a plan in place can provide reassurance and peace of mind at a difficult time.
Call us to arrange your free initial consultation
Make sense of the financial-planning process with our 6-step guide.
The first meeting with your financial planner will give you the opportunity to discuss your current financial situation. Typically, they will ask about how much you earn, other sources of income, commitments, and how you spend your money.
An essential part of this process is to clearly identify your financial goals. Your financial planner should take into account timeframes, financial commitments and other influences that may impact the development of your plan.
Your financial planner will assess your financial situation by asking you about your attitude towards risk and diversification as well as your time frame which will then help you prioritise your goals.
Based on your financial situation and goals, your financial planner will develop a complete strategy and prepare it for your review.
It’s good to approach your plan with flexibility; once you’ve agreed with your plan, it’s time to put it into action.
Staying on track is important to help you meet your goals and expectations. Your situation will change, so from time to time your financial planner will review your plan and check the progress of your strategy.
Selecting the right investment strategy is an important step in achieving your retirement goals. A Bridges financial planner can help you achieve a strategy that suits you so you can start creating a picture of what your retirement will look like.
A Bridges financial planner may be able to help you to:
Everyone's situation is different. A Bridges financial planner can help you find a strategy that works for you.
After working so hard for so many years, don’t you deserve a retirement that’s as good as it can be? With a little bit of planning, you can do whatever you want in retirement. While many people rely on the Age Pension for their income in retirement, it only allows for a very basic lifestyle.
The Bridges retirement gap calculator projects how much you will have in super and how long it will last which is an important part of your retirement is planning. Then if there is a gap, there are a number of strategies you could consider to start closing the gap. For example, the salary sacrifice calculator illustrates the difference between making additional super contributions with pre-tax money compared with after-tax money. Super is concessionally taxed at just 15% compared to your marginal rate, which can really help your super grow.