A roadmap to your retirement - Aspire Planning Group

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A roadmap to your retirement

AMP’s newly launched online Retirement Simulator makes planning for your retirement a much smoother experience and, most importantly, you get to decide how to achieve your retirement goals.

Here’s an example of what the simulator looks like. As you can see, there is a gap between what the person may need to achieve their retirement goal and how they are currently tracking. If you find yourself in a similar situation, we can help you to bridge the gap.

It’s often good to have choices about the things that matter. So, what would you say if you were given plenty of choices on how to shape your retirement? With AMP’s all-new Retirement Simulator, you can do just that, with a click of a button.

The Retirement Simulator is easy to use, fun to navigate and does all the hard work for you. Designed to make your retirement planning process as effortless as possible, it’s built around three important questions: Where am I now? Where do I want to be? How do I get there?

As you work out the answers, you may find that there is a gap between your current financial position and what you may need for a comfortable retirement. The Retirement Simulator lets you view your projected retirement savings and estimate the super balance needed to fund the retirement you want.

You can also use other tools, such as the Retirement Needs Analyser (to assess how much you may need for the retirement lifestyle you aspire to), Contributions Analyser (to work out whether to make before- or after-tax super contributions), the Life Expectancy Calculator and the Investor Profiler Questionnaire (to help you identify your personal investment profile). These tools feed this information back into the Retirement Simulator to give you a unique overall picture.

You will be presented with alternatives, aimed at helping you to decide what you can do to make your retirement dreams come true. These alternatives may involve adjusting your salary sacrifice contributions, after-tax personal super contributions, retirement age or even your retirement goals.

You can save your results, for when you are ready to have a conversation with us. Knowing what your choices are makes it much easier to design a plan that suits your personal circumstances and financial position.

It’s a personalised and thought-provoking experience that recognises your individuality and enables you to access the right resources to make informed choices. You can adjust the numbers to see the potential impact, which will make you think more about what you want to achieve and how you want to do it.

The Retirement Simulator is only one of the changes sweeping through the online My Portfolio service (available to all AMP customers) and the AMP website. You can now set up an unlimited number of personal alert functions via text message or email to send reminders to yourself. Plus 15 new wealth management and insurance videos have been designed to provide practical information on super and insurance topics.

Watch the Retirement Simulator video on YouTube via this link to get a broader understanding of its potential. Better yet, take the hands-on approach and access it by logging into My Portfolio at amp.com.au/myportfolio.

If you need more information, call us today – we’re here to help you realise your retirement plan.

What you need to know

This article contains general information only. It does not take into account your objectives, financial situation or needs. Please consider the appropriateness of the information in light of your personal circumstances. If you decide to purchase or vary a financial product, your financial planner, our practice, AMP Financial Planning and other companies within the AMP Group will receive fees and other benefits, which will be a percentage of the premium you pay and/or the advice fee you agree with us. Some of the information in this article is based on our interpretation of the law. It is a summary of the subject matter covered and is not intended to be comprehensive tax or financial advice. No reader should act on the basis of this article without obtaining specific professional advice. Further details are available from us, or AMP Financial Planning Pty Limited on telephone 1300 157 173.

 

 

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