Retirement Planning in Tuncurry
Taree and Port Macquarie
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Plan smarter today, retire with confidence tomorrow.
Planning Today for Tomorrow’s Life
Retirement means different things to different people. For some, traveling around in Australia in a caravan is a life-long dream but for others flying at the pointy end of the plane and staying in 5-star hotels around the world is more how they see life after work. Or maybe spending more time with the grandkids or volunteering in your local community rate high on your list of retirement goals.
We all have different ideas of what the second half of our lives looks like and that’s why planning for your retirement is so important. Whether you’re five years from retirement or already transitioning, having a structured plan helps you maintain control and peace of mind.
To start designing your personalised retirement strategy, contact
1300 854 764 to arrange a confidential consultation.
Our Process
Our Proven Process helps us get to know you – your passions, goals, needs and wants. From there, we develop a customised financial plan that adapts and changes as your life progresses.
Step 1
Discovery Call
Let's have a quick chat to see how we can work together to help you achieve your goals.
Step 2
Gather Data
We gather data about all aspects of your financial situation so we take a comprehensive look at your life and finances.
Step 3
Financial Plan
We create a personalised financial plan that will serve as a roadmap towards your goals.
Step 4
Implementation
We set your financial plan in action by implementing all your personalised strategies.
Step 2
Step 4
Why is Retirement Planning Important?
We are living longer and for most of us compulsory superannuation payments or the Age Pension alone won’t be enough to help us achieve the retirement lifestyle we’re dreaming about. Putting a long-term financial plan in place will provide you with the comfort of knowing that you can do all those things that you dreamed of and that your financial future is under control.
How We Can Help
Midcoast Financial Planning Group can help you work out how much money you have now, how much you might have in the future and where it is coming from.
We will help you:
- Identify your retirement goals
- Review your income & cashflow requirements
- Identify what assets (house, savings, investments) you have & how much they are worth
- Assess how much super you have & when you can access it
- Find ways to grow your retirement income
- Put plans in place to make your money last in retirement
- Determine when you can apply for the age pension & whether you are likely to be eligible
- Review your estate planning
How Much Will You Need?
This is the magic question and how much money you need in your retirement nest egg will depend entirely on how you want to live in retirement. According to the Association of Superannuation Funds of Australia’s Retirement Standard 2015, to have a ‘comfortable’ retirement, single people will need $595,000 in retirement savings, and couples will need $690,000.
The Standard is updated four times a year to take into consideration the rising price of items like food and utility bills, as well as changing lifestyle expectations and spending habits. The Standard includes the cost of things such as health, communication, clothing, travel and household goods.
To see the latest standard click here.
To discuss your retirement planning needs please contact one of our qualified Financial Advisers at Midcoast Financial Planning Group on 1300 854 764.
Frequently Asked Questions
How much money do I need to retire comfortably in Australia?
The amount depends on lifestyle expectations, home ownership, and health needs. According to the Association of Superannuation Funds of Australia (ASFA), a couple aiming for a comfortable retirement typically requires around $70,000 per year, while singles need about $50,000. However, these benchmarks assume you own your home and have no major debts. To calculate your ideal figure, consider your desired lifestyle, travel plans, and potential medical expenses. Professional modelling can also help identify sustainable withdrawal rates that protect against longevity and market risks.
When should I start planning for retirement?
The earlier you begin, the greater your flexibility and potential outcomes. Planning in your 40s or 50s allows time to adjust contributions, manage investment risk, and build tax-effective strategies. However, even those nearing retirement can benefit from reviewing superannuation structures, rebalancing investments, and understanding available pension options. Early planning maximises compound growth, while later planning focuses on optimising and preserving what you’ve built.
What is the difference between the Age Pension and superannuation income?
Superannuation is a personal savings vehicle you build throughout your working life, which becomes a key income source in retirement. The Age Pension, by contrast, is a government-funded payment subject to income and asset tests. Some retirees receive both — using superannuation as their primary source and the pension as supplementary income. Understanding how these interact is vital, as super withdrawals can affect pension eligibility. Structuring assets correctly ensures a balance between lifestyle needs and access to government support.
