You work all your life and put away what you can so that when the time comes to finally stop working, you’ll still have some income. This income can be drawn from your pension, your savings, your superannuation, and maybe from a few investments you’ve been fortunate enough to make. The amount of your retirement fund will depend on your efforts to make those contributions and, for many financial experts, your keen ability to make investments so that the fund grows.
But for one wealth management firm, there is another critical factor to your retirement and how you can significantly improve the future of your finances. JDL Strategies, a privately held company that has assisted over 700 Australians to realise their goals of becoming millionaires (and multi-millionaires, for some), believes that your money should be working for you — and that especially includes your retirement fund.
In fact, JDL includes retirement planning as an essential element to financial planning, which happens to be one of the critical principles to building wealth. If you’ve got your retirement arranged and the fund reserved for it continues to grow, and therefore, work for you, you can expect to build your wealth consistently over the years. But how do you increase your existing retirement fund?
According to JDL, aside from choosing investment options that are within your comfort level (i.e., people with less retirement years usually prefer low risk investments whilst those with more time have more opportunities to go with higher risk options like growth funds, which tend to offer higher returns), Australians planning for retirement need to consider appropriate tax shelters. The goal is to minimise paying prohibitively high tax bills, particularly for properties. And with the applicable tax shelters, JDL says that both your retirement and death benefits can be tax-free.
Indeed, what is the point of growing your portfolio and increasing your retirement fund if a huge chunk will only be paid out to taxes? Those who foresee a higher tax burden and have above average assets are advised to get the expertise of wealth management experts who can work on decreasing exposure to risk as the portfolio grows. JDL believes that the bigger your portfolio gets, the more unmanageable it becomes. So before it does, make sure you get expert advice and have strategies in place — and protect the future of your retirement.
JDL aims to raise the financial intelligence of the country with its team of specialists that can generate the best outcome for your financial goals and its effective wealth management strategies. Having helped more than 700 Australians achieve their million-dollar goals (500 millionaires and over 200 multi-millionaires) and with 50 percent of its staff as clients, the future of your retirement will be in good hands with JDL.
About the author: Alicia Garcia gained a lot of wisdom regarding growing her portfolio and increasing her retirement fund from JDL Strategies. She highly recommend checking out propertymarketers.com.au to gain more knowledge about this.