Temporary educational draft · Replace with the final approved guide before launch.
1. Understand current spending
Separate essential expenses, discretionary spending and irregular annual costs. Identify expenses that may change after retirement.
2. Allow for changing costs
Explore multiple inflation assumptions. Healthcare and family support may not move in line with everyday costs.
3. Inventory your resources
List savings, pensions, existing investments, liabilities and possible income sources. Avoid counting uncertain income as guaranteed.
4. Plan the transition
Discuss liquidity, withdrawal needs, market risk and how long your resources may need to last. Keep nominations and important documents organised.
Your worksheet
Expected retirement age: ____________________
Current monthly expenses: ____________________
Existing retirement assets: ____________________
Questions to review: ____________________
Points to consider
- Expense worksheet
- Inflation considerations
- Retirement preparation