Do your retirement plans need a Review?

The current economic climate make it mandatory for  many pre-retirees intending to retire this year (2009) to review their plans.

It may be wise to see your financial planner  to re-assess your financial situation. Just about all retirees wish to avoid the situation where their funds expire before they do. Thus they need to examine their savings for retirement in terms of their estimated retirement expenditure. This may require a revision of your  drawings and./or a discussion with Centrelink to see if you are now entitled to a part age pension arising from a drop in asset values.

Some retirees may be enticed to consider a reverse mortgage. If you are considering this road then …