Planning my retirement

Put a plan in place

It's easy to put a plan in place for your super. Here are a few things you need to consider when planning for retirement:

When will you retire?

Plan when you will retire. The Australian Government and RBF's governing rules will determine when and in what form you can be paid your super benefit. This will give you an idea of how many years you have to focus on building your super.

Set goals

It's important to think about how much money you will need when you retire. You can then set super goals to help you achieve this. The amount you will need will depend on your retirement lifestyle and how much financial freedom you want. The ASFA Retirement Standard is a good place to start. The Retirement Standard benchmarks the annual budget needed by Australians to fund either a comfortable or modest standard of living in the post-work years.

My retirement options

Finally, you need to think about the type of benefit options that will suit your retirement lifestyle.

You will need to take into consideration a number of issues to determine how much you will need as a lump sum and how much you will need as an RBF Life Pension (if eligible) to fund the retirement lifestyle you have chosen.

You will need to give thought to whether you will need to fund 'one-off' expenses such as a new car or a holiday. If you intend to include such items in your retirement plan then you will need access to a lump sum.

Find out more about your options

Get involved

If you're looking for a worthwhile investment, look no further than yourself.

We understand you may need help to take control of your financial future. At RBF, you can find reliable retirement information. We offer services such as member interviews, workplace presentations, tools and publications.

Contact us to make an appointment with one of our Superannuation Consultants. It's fee free, friendly and focused on you.