Money Management /

Financial advice in your 50s and 60s

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Your 50s and 60s are generally a time to start focusing on your goals for the future, as you start to contemplate life after work.

How long do you plan to continue working? Do you want to downsize from the family home into something more manageable? Will you want/need to provide financial support to children or grandchildren?

With so many ‘ifs’, ‘buts’ and ‘maybes’, it can be difficult to plan for the future with any degree of certainty. That’s where professional advice can help.

What financial advice can do for you

A financial planner can help you clarify your goals for the next decade and beyond, so you know what you need to do to achieve them.

Some of the common ways a financial planner may be able to help include:

  • Downsizing the family home – helping you invest your surplus funds in a tax-effective way that will provide for future needs.
  • Managing a redundancy or career change – helping you invest a redundancy payout, or plan for the cash flow impact of a lower salary.
  • Supporting your children – ensuring you’ll have access to sufficient fund to support your children or grandchildren how and when you want to.
  • Boosting your super – using a transition to retirement strategy to reduce your taxable income and grow your long-term savings.
  • Planning for life after work – setting you up with a tax-effective income stream that will fund a level of lifestyle you’re comfortable with.

Not all of these strategies will apply to everyone. But the benefit of seeing a financial planner is that you can get personal advice that’s tailored to you – so you can get more certainty about your plans for the future. 

Why choose us?

Established in 1880, IMB Bank is one of the most enduring financial institutions in the country, helping people achieve their financial goals for over 140 years. Our members can access a fully featured range of services: home and personal lending, savings and transaction accounts, term deposits, business banking, and more.

Our renowned personal service is backed by innovation, providing convenient, secure digital banking options where and when you want it. IMB also has a growing retail branch network throughout NSW and Victoria, for when you need to speak to someone in person, and a team of professionals at our locally based contact centre. We have a lending specialist in every branch and a team of mobile lending specialists who will come to you.

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