146. How much do I need for a comfortable retirement? - with Kristi Badgery.Aug 08, 2022
According to our guest, the key to a successful retirement is careful planning, good investment choices, and a disciplined approach. Making smart decisions about your money and investments while still working and earning an income is a critical success factor.
Kristi Badgery is the co-founder of Breakwater Financial Planning and has years of experience helping pre-retirees prepare for and eventually enjoy their retirement. Kristi provides financial advice on Retirement Planning, Superannuation, Investment Advice, Portfolio Management, Insurance, accessing government support (in Australia, Centrelink), and Aged Care.
I invited her for a chat to guide you and me to plan for our retirement. Servicing my older clients, 50 and above, I have noticed that for some, retirement is high up in their priorities and very much part of our planning and discussions. For others, it doesn't even cross their minds to stop working. Which type of person are you? I bet you know people that are good examples of what I just described. I am now 50 years old, Andre, my husband is 56, and retirement is not part of our next 10-year plan. Still, we should be making decisions about it now rather than later.
If you are willing to invest in coaching to support your career plans, please consider having a chat with me. I have clients aged between 35 and 70 and have supported several clients in their 60s to re-energize their careers. I'd be happy to help you achieve your preferred future. Click here to learn more about my career services or book a complimentary chat about private coaching.
Disclaimer from Kristi:
The information contained in this podcast is of general nature only, doesn't constitute financial advice or taxation advice, and doesn't take into account your objectives, needs, and circumstances. We recommend you obtain investment and taxation advice specific to your investment objectives, financial situations, and particular needs before making any investment decisions or acting on the information contained.
About our guest:
Kristi Badgery is the co-founder of Breakwater Financial Planning, a boutique financial planning firm with no product provider affiliation, which means that her focus is on her client. As a Certified Financial Planner® with over 15 years of experience in the financial services industry, Kristi has experience helping pre-retirees prepare for and eventually enjoy their retirement. Kristi provides financial advice on Retirement Planning, Superannuation, Investment Advice, Portfolio Management, Insurance, Centrelink, and Aged Care and can help guide you through retirement with a customized financial plan. To learn more about her work, please go to www.breakwaterfp.com.au.
Kristianne Badgery, Authorised Representative No. 1260861 of Breakwater Financial Planning Pty Ltd. Breakwater Financial Planning Pty Ltd is a Corporate Authorised Representative (No.1292320) of Capstone Financial Planning Pty Ltd. ABN 24 093 733 969. Australian Financial Services Licence No. 223135.
7:35 What are the most common questions you get about retirement?
8:05 How much money do you need for retirement?
9:04 When should I start planning for my retirement?
9:50 What do you think about the trend of younger generations trying to retire as early as possible?
11:36 What are the mistakes in terms of people retiring too early and then running out of money?
12:47 Is there a good age to retire?
13:40 How pension works in Australia
15:45 Key mistakes people should avoid when they're planning for retirement
17:04 How does retirement change lifestyle?
18:43 Tips on transitioning to retirement.
20:19 Youngest client that she had
22:43 What is your top retirement planning advice?
23:45 Giving back to the community
Links mentioned in this episode:
The Job Hunting Podcast Episode 63: Achieving financial and career goals - with Paul Burrows.