At Vostro Private Wealth, we stay ahead of legislative changes and product and strategy innovations to find solutions that can place you in the best financial position to maximise your retirement.

Did you know that approximately 2.5 million Australians are set to retire over the next 10 years?

As this significant demographic shift approaches, there has been a growing focus on enhancing retirement products and strategies to help Australians achieve their desired lifestyle with confidence.

Recent legislative changes, alongside extensive research, are shaping how retirees approach their finances.

A study from National Seniors Australia* highlights three key priorities retirees are seeking:

• Regular income to cover essential expenses.
• Income that lasts a lifetime.
• Flexibility to access savings when needed.

In essence, retirees want a balance between certainty and flexibility.

This can be achieved in a retirement portfolio by having a ‘lifetime’ income stream, which provides guaranteed income for life, working alongside and complementing your existing ‘account-based’ income stream.

A ‘blended’ approach can deliver multiple benefits, including:

• Higher income levels throughout retirement.
• Increased estate values.
• Enhanced age pension entitlements.
• Greater confidence to spend, knowing some income is guaranteed for life.

To see how this might work for you, we’ve included a few case studies below.

If this strategy could benefit you, your adviser may introduce it at your next review.

If you have any questions or would like to schedule an appointment sooner, we’re here to help.