Building wealth for retirement

Start by thinking about the lifestyle you want in retirement — travel, hobbies, living expenses and time with family. The webinar explains how to map those goals to an annual income target. Also factor in inflation, how long you expect to be retired, and whether you’ll have other income sources. For a step-by-step guide, download the free eBook and slide deck mentioned in the article.

Superannuation is the primary long-term, tax-advantaged vehicle many Australians use to save for retirement. The webinar covers how super fits into an overall retirement plan and why it's often the foundation of your retirement savings. It’s important to consider your super balance alongside investments outside super when planning goals and income needs.

The webinar highlights key SMSF considerations: they give you more control over investments but require active management, compliance knowledge and an understanding of costs and responsibilities. SMSFs can suit some investors, but they aren’t right for everyone — weigh the pros and cons and get professional advice if you’re unsure.

Investing outside super can offer greater flexibility, different tax timing and easier access to funds before retirement age. It can also help diversify where your retirement income comes from. The webinar discusses situations where holding investments both inside and outside super may support your retirement goals.

Inflation erodes purchasing power over time, while market volatility can change the value of your investments. Both factors influence how much you need to save and how you allocate assets. The webinar recommends planning for long-term growth, diversification and regular reviews to manage these risks.

InvestSMART provides a free webinar slide deck (PDF), a complimentary eBook on retirement planning, diversified ETF portfolios with a capped management fee, and a free statement of advice quiz to help identify suitable ETF portfolios based on your goals and timeframe.

InvestSMART’s ETF portfolios are diversified and come with a capped management fee, which can simplify long-term investing. If you’re unsure which portfolio style fits your goals and investment timeframe, you can take the free statement of advice quiz to see which InvestSMART ETF portfolio may suit you.

Begin by downloading the free eBook and slide deck and by watching the webinar to understand key concepts. If you want personalised recommendations, use InvestSMART’s free statement of advice quiz and consider speaking to a licensed financial adviser for tailored advice that reflects your circumstances.