If you want to retire in your 40s

Want to retire before you can access your super?

One of the biggest misconceptions around early retirement is that superannuation alone will get you there.

If your goal is to stop working before age 60, you’ll generally need investments outside of super that can help support your lifestyle until you reach preservation age.

That might be through shares, property, managed funds or other investment strategies that generate income or can be drawn upon when needed.

The key is planning early. Building wealth isn’t just about reaching retirement, it’s about having the flexibility to retire when you want to.

The earlier you start thinking about your retirement income strategy, the more options you’ll have later on.

General advice only.

Amy Lehmann is an Authorised Representative (No. 1292710) of Consortium Private Wealth Pty Ltd (AFS Licence 495401)

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