Know Your Financial Position – A Great Place to Start

Andrew Leeson


Know your Financial Position
How do I retire overseas? It all starts with understanding your financial position. From here you can start to plan and live the lifestyle that you want without the fear of financial uncertainty.

Analyse before you go

The team at Retire to Asia, feel strongly, that the most important part of retiring to another country is to ensure that you understand your financial position before you leave. In order to do this you must have a clear understanding of:

This will ensure that you understand the income that you can expect, not just over the next few years but all throughout your retirement.

This will then determine the lifestyle that you can achieve. A few examples include: 

Unfortunately, we see far too often older retirees, both at home and in Asia that have gone through their life savings far too early.

Whilst you can live well in Asia on the Australian Gov’t Age Pension, if at all possible it would be wise not to rely on this income alone, especially should you start to suffer health issues later down the track.

Start planning well before your retirement.

I have been in financial services for over 17 years, and I have lost count of the amount of people that have come to me ‘just before’ they are retiring, only to require a standard of living that just cannot be met with the level of funds that they have available.

It is not pleasant to tell people to lower their expectations or to work longer.

Having a goal in mind well before retirement, then assessing how to achieve that goal is a great way of actually achieving a goal. People that do this usually not only achieve their goals but achieve their goals earlier, ensuring greater flexibility in when to retire and how they can retire.

Repeat on a regular basis

There are invariably bumps along the way – investment returns are never smooth, lifestyle choices and costs are altered and rules change (superannuation and Centrelink are great examples). So regularly repeating an analysis of your financial position and especially your future cash flow position, will ensure that you will not be surprised at any time down the track.

How can we help?

At Retire to Asia we work closely with our business partner Ares Wealth Pty Ltd (ACN 161 713 980) to provide a comprehensive review of your financial situation.

Together, what can we do for you?

Having a sound understanding of your financial position is essential to building a stress-free and wonderful new life in your dream location.

The Next Step is easy.

If you’re already working with an Advisor, why not talk to us and get a ‘Financial Health Check’. It never hurts to get a second opinion, and we specialise in helping people structure their finances to move offshore. This is not something many Advisors are familiar with.

If you haven’t put together a plan as yet, then the next step is simple. Call us on 1800-961-377 or email in**@re**********.au

Let the team at ‘Retire to Asia’ help you build a sound financial plan, and ensure that your move to Asia is one that is stress-free.

After all, retirement should be a time to be care-free.

If you’d like more information or have any questions, please feel free to call 1800-961-377 or email in**@re**********.au and let the team at Retire to Asia help make your dream lifestyle a reality.

Andrew Leeson

Andrew Leeson

Over 20 years of experience helping people live a better life in SE Asia. Having worked in financial services in Asia I understand the challenges when moving to and living in a new country. I have travelled extensively throughout the region and experienced what SE Asia has to offer to retirees.

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