During the early years of full-time employment, saving for retirement probably isn’t high on your list of priorities. Overseas travel, a new car, or perhaps saving a deposit for your first home are common financial goals at this stage of life. Or maybe you’re keen to learn about the stock market and build an investment portfolio.

Building your wealth is all about putting long term strategies in place to help you make the most of your finances. It’s about looking at all aspects of your lifestyle, goals and requirements and developing strategies to suit.

Your wealth creation strategy may involve setting clear short, medium and long-term goals for your future, putting together an easy to follow budget, directing surplus funds to an investment portfolio, implementing tax-effective strategies or implementing strategies to protect you and your family.

Superannuation can be your ticket to being able to do all the things you want, once you’ve done the hard yards and settled into retirement.

With a wide range of investment options, a low rate of tax on investment earnings and in most cases no tax upon withdrawal after age 60, there’s no doubt that superannuation is one of the most effective investment vehicles available.

While at a younger age retirement and superannuation might seem a long way off, the earlier you start to build that nest egg the better.

Choosing the right investment strategy within your superannuation fund is important too. While you are young, with a longer time frame to build wealth, you might consider an aggressive growth portfolio within super.

As you near retirement, your wealth adviser can work with you to reduce the risk of your super investments with a more conservative portfolio, to help protect the wealth you have worked hard to build up over your working life.

Upon retirement, we can work with you on the best way to draw an income from super so that you can enjoy your new-found freedom and lifestyle.