What is the story about?
What's Happening?
Approved Financial Planners, a Perth-based financial advisory firm, has introduced a Retirement Readiness Checklist to help Australians assess their financial preparedness for retirement. This tool is available for free download and aims to address concerns about retirement planning amidst rising inflation, living costs, and mortgage debt. The checklist allows individuals to evaluate their financial position and retirement goals, identify gaps in their savings strategy, and clarify lifestyle expectations. According to Daniel Stevens, Managing Director of Approved Financial Planners, 85% of clients who use the tool feel more confident in consultations with financial advisors, leading to better outcomes. The firm specializes in guiding individuals over 45 and pre-retirees through personalized consultations and offers access to managed investment and superannuation funds.
Why It's Important?
The introduction of the Retirement Readiness Checklist is significant as it addresses the growing need for financial literacy and preparedness among Australians facing economic challenges. With 40% of Australians lacking confidence in their retirement readiness, this tool provides a structured approach to planning and saving for retirement. It highlights the importance of having multiple funding sources, such as superannuation, government pensions, and personal savings, to maintain a desired lifestyle post-retirement. By empowering individuals with knowledge and resources, Approved Financial Planners aims to improve financial security and reduce anxiety about retirement.
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