Transition to Retirement & Retirement


At Clay’s Financial Services / Matrix Planning Shellharbour, we define retirement as the point in your life when working becomes a choice.

The choices you face in planning for your retirement are complex and can, at times, be confusing.

For most people, the major concern is simple: how can I make my money last? With the average retirement period being 30 years, it’s a good question to ask.

It’s now time to think about how you can maximise your retirement savings, in particular, your superannuation accumulation. You have been building your superannuation for a long time, so you need to be sure you’re getting the most from your fund. The transition to retirement phase of your life may well be your last chance to boost your retirement savings or if you are already retired, this phase of your life is when you stop saving from your earnings and start earning from your savings!

At Clay’s Financial Services / Matrix Planning Shellharbour, our role is to advise you on the necessary steps required to build your retirement savings. Our Strategic Advice approach ensures that you end up with a tailored financial solution.

When planning for your transition to retirement/retirement we will take into account:

• Your existing income

• Your lifestyle expenditure requirements

• Your existing assets and liabilities

• The age at which you would like to retire.

Another important issue to consider when planning for your transition to retirement includes your Estate Planning. Will the wealth in your estate go to who you want, when you want, in a tax effective manner?


Ongoing Review and Management

After implementing appropriate strategies, it is most important that you manage your personal cash flow, as you will be potentially dealing with your last dollars. This is where our personal Cash Flow monitoring service, ‘Prospera Financial Freedom System’ c, can help you remain on track and give you peace of mind knowing that you are in control of your finances during your retirement years.

Together with quality financial advice from your Clay’s Financial Services / Matrix Planning Shellharbour adviser, you can explore the possibilities, avoid expensive mistakes and make the right choices.

If you would like take some positive steps towards planning for your retirement, or to see where your current course is heading from a financial perspective, please contact us  today to arrange a time to meet.