According to Liberum Financial, the costs associated with aged care should be factored in to your overall financial plan, regardless of your age today.
Risks regarding China and the Fed may be receding a bit for now but there remains plenty to keep an eye on including the risk of an “accident” flowing from slower emerging market growth and the plunge in commodities.
However, our broad assessment remains that the cyclical bull market in shares is likely to reassert itself in the seasonally strong months into year end.
Some people may prefer to ease into retirement gradually by cutting back working hours and drawing some income from their super before they fully retire. They can do this by utilising the ‘transition to retirement’ strategy.