Financial advisers give tips on preparing for retirement

Preparing for retirement can be daunting for many Australians. In this video members of the Profession of Independent Financial Advisers help you understand the important things to consider.

Transcript

What advice would you give to people looking to retire in the next few years?

Michael Radalj, Your Private Advisers

We do look after primarily retirees and so-called pre-retirees, as you say. And I do think that people are coming to us too late. There’s some often some really low lying fruit where we can save them money and get them on track quite easily if they just do certain things and adopt certain rules.

Sometimes we find even on the investing side where people can actually take less risk and make more money.

Naomi Horobin, Clover Financial Group

The earlier you start, the easier it is. And that’s just because little steps over a long period of time, you don’t really feel the impact of that. It’s like that compounding earnings on little chunks along the way. There’s not a lot for me to work with if you only come and see me two or three years before you pull the pin.