Retirement Planning Services

Peace of mind

While many of us aspire to financial freedom in retirement, knowing where to start can feel overwhelming. That’s where Westmount Financial steps in.

Beginning with a straightforward, well-defined retirement blueprint, our qualified financial advisors work to enhance investment returns, protect your capital, and guide you through the inevitable challenges that may arise.

At Westmount, we avoid a one-size-fits-all approach to retirement planning. We recognize that each person’s vision of retirement is unique, so we take the time to listen, understand, and design strategies tailored to your individual goals, values, and preferences.

Rick Maggi CFP, Financial Advisor, Perth

“
Someone’s sitting in the shade today
because someone planted a tree
a long time ago.
”
— Warren Buffett

Westmount Financial. Perth’s trusted retirement planning ADVICE practice.

Planning for retirement doesn't have to be overwhelming. Since 1977, our Perth-based retirement planning advice practice has been helping clients achieve their financial independence through a combination of proven, time-tested retirement strategies, backed up with reliable ongoing support.

Contact us for a second opinion.

Downsizing your home?

Many retirees find they want a smaller home, or a home more suited to their empty-nest requirements. For some, selling the family home can be a great way to release built-up equity to pay for retirement living expenses or in-home support that will allow them to stay home longer.

From 1 July 2018, Australians aged 65 years or older have been able to make a non-concessional (after tax) contribution into their super account from the sale proceeds of their family home.

As a leading financial advisor, we understand how to get the most out of your super account beyond selling your home. From designing realistic investment strategies to minimising fees, Westmount Financial can help demystify the often complicated world or retirement planning, superannuation, and taxation, so you can move forward with greater clarity and confidence.

FAQs

  • While everyone has a different vision of what their retirement will look like, retirement planning involves setting financial goals and developing a strategy to ensure a secure and comfortable retirement. Depending on your goals, it may include saving and investing in retirement accounts, estimating future expenses and considering factors like inflation, healthcare and lifestyle.

    Effective retirement planning means having enough income to maintain your desired lifestyle once you stop working. With so much to consider, many Australians turn to the guidance of a financial advisor to draft and implement a retirement plan that best aligns with their retirement goals.

  • The best time to start planning for retirement is generally as early as possible. The earlier you begin, the more time your investments have to grow, benefiting from compound interest. However, it's never too late to start. Even if you're inching closer to retirement, making a plan now can still significantly improve your financial security.

  • To calculate your estimated retirement expenses, consider your current spending habits and how they might change once you stop working. This should include essential costs like housing, healthcare, food and transportation. You’ll also need to add discretionary expenses for travel, hobbies and leisure, and ensure you adjust for inflation or potential changes in your lifestyle.