Being wealthy is very much in the eye of the beholder.
While one person’s sense of wealth might come from their health, another’s could rest upon the strength of their relationships. Yet someone else might measure their wealth by the size of their super, particularly if they believe that this guarantees them choice and independence in later life.
Of course no one point of view is right or wrong. Such judgements are entirely personal and may change over time.
But financial wellbeing is something that can be defined in a way that enables us to measure whether we are likely to meet our needs and reach our goals.
Checking whether you are on track as you head into retirement is a critical point of intervention. This then sets you up to actively manage your money across the 25 or 30-year journey, which is the best way to maintain your sense of financial control and wellbeing. Here are the top five parts of the puzzle that you will encounter as you approach and enter retirement – and ways to respond to ensure you remain on top of your game at all times.
