Retirement Planning in Melbourne

Helping pre-retirees with a clearer approach to managing money, dealing with debt, a more disciplined path forward, and a better future.

If you are searching for clear, personalised and structured retirement planning in Melbourne, the goal is not guesswork. It is clarity and confidence in your future. As financial planners in Melbourne, we help you understand your position today and what your future could realistically look like.

We will demonstrate where your retirement income is going to come from and the social security benefits you will be eligible for. We will model projections of your assets, income, expenses and social security benefits over a 20-30-year timeline. Our approach to retirement financial planning in Melbourne is grounded in careful modelling, conservative assumptions, technical knowledge and practical steps you can rely on now. We understand how stressful planning your next important stage of life can be, and you will have the space and time you need to consider our advice. You’ll never be rushed into a decision.

Maximise your probability of a comfortable retirement through personalised retirement planning in Melbourne.

Work with us to:

Identify how much you will need to enjoy the lifestyle you want in retirement
Prepare and implement a personalised retirement planning strategy to help you achieve your goals
Make your superannuation work better for you
Manage debt more efficiently to achieve a debt-free retirement
Manage your budget and cashflow
Start saving more
Introduce transition to your retirement strategies to improve your retirement outcomes
Understand your Centrelink eligibility and calculate your potential entitlements

Do you fear facing money matters? Could you be experiencing the fear of missing out, stemming from feelings of financial uncertainty, or lack of confidence? Perhaps you are trying to sort through your financial commitments and are dealing with complexities such as managing financial commitments for older children, financial consequences of divorce, managing rent or a mortgage? Is your superannuation balance looking a little too low or not growing enough? Do you have accumulated debt? Perhaps you are thinking, “Will there be enough at the end of the day?” If you feel there is no way out, rest assured, there is. And we can help.

With Financial Balance Group’s personalised process and tailored advice from a trusted financial planner in Melbourne, you can look forward to a clearer approach to managing money, a more disciplined path forward, and a better budgeted future, leading to:

More choices in retirement
Better clarity about how long your savings and investment will last in retirement
Less complexity
Reduced stress and anxiety, and a stronger confidence about the future

Who retirement planning is for

Our retirement planning in Melbourne is designed for individuals who want certainty rather than relying on guesswork or assumptions. It is particularly relevant for those with a 5-10 year horizon to retirement, navigating through the consequences of divorce, hoping to retire debt-free or wanting to make superannuation work harder for them.

Retirement planning becomes increasingly important in the 5–10 years leading up to retirement, as this is the stage of life when the financial decisions you make have the greatest impact on your long-term outcomes. Regardless of your current level of income, savings or superannuation, having a clear and structured plan allows you to make the most of what you already have, while identifying opportunities to improve and strengthen your financial position over time.With a longer runway, even small, consistent adjustments can compound into meaningful, tangible improvements, whether that’s optimising your superannuation, managing debt more effectively or refining your retirement income strategy. Working with a financial planner in Melbourne provides the structure and guidance needed to stay on track and make informed decisions with greater confidence as you move closer to retirement.

Our retirement planning process

Our retirement financial planning in Melbourne follows a clear, 6-step process.

First, we review your current assets, liabilities, superannuation and income requirements.

Second, we discuss your objectives, priorities and help you quantify your goals.

Next, we model several scenarios and test different strategies. We will explain the reasoning behind every recommendation and cover both the benefits and the risks. Our recommendations are always based on your long-term personal goals, expectations and priorities.

Finally, we help you with the administration, implementation and, if required, with ongoing maintenance and support.

Retirement planning is not about chasing higher investment returns in attempting to make up for lost opportunities in the past. We help you design a sustainable retirement strategy for you, using a low-risk and conservative approach. We prioritise stability over short-term gains and ensure that your strategy aligns with your risk tolerance, life stage, experience and desired lifestyle.

Success story

Retirement ready thanks to holistic financial advice

Jane, a single mum in her 50s, was at the crossroads with her finances. As a new divorcee, who had moved into her new home with her teenage son, Jane was anxious about the rising cost of her life insurance premiums and an uncertain financial outlook.

Ilya engaged Jane in a comprehensive discussion that went beyond just life insurance planning. Together, they achieved:

Life Insurance:

a restructure of Jane’s coverage that resulted in improved value for money. Most premiums could also be paid through her superannuation, reducing Jane’s out-of-pocket expenses.

Superannuation:

Following an in-depth analysis of Jane’s current fund, Ilya found a more efficient, lower-cost option for her, setting her on course for a more prosperous retirement.

Salary Sacrificing:

The savings on insurance premiums allowed Jane to put more into her superannuation, ensuring better future financial stability.

Mortgage:

Funds were relocated from saved insurance premiums, enabling Jane to increase her home loan repayments, and set her up on track to be mortgage-free by her expected retirement age.

Estate Planning:

Ilya connected Jane with a qualified solicitor to prepare her Will and Powers of Attorney, offering her peace of mind when it came to her son.

Having received the best retirement planning, Jane now has a financial strategy on which she and her son can rely. She has less anxiety and stronger confidence about her future.

Disclaimer: The above case study does not take into account your own personal and financial circumstances and should not be used as a basis for financial decisions. It is essential to seek advice tailored to your specific circumstances, so that your financial path can be navigated with precision and care.

What our clients say

Ilya is pleased to share the positive feedback he receives from those he’s helped with financial planning services in Melbourne.

      EXCELLENT  
   Based on 23 reviews 
    
 
 
 
   
 
 
       Posted on Google  
   
   James Hawkins 
 
 
 
 Trustindex verifies that the original source of the review is Google. Ilya is one of the nicest and most warming people you're likely to met. Apart from that, he is also a true professional when its comes to planning your financial future. He is particularly spectacular in the aged care sector, knowing how to navigate the centrelink nightmare!! I would highly recommend Ilya and the team at Financial Balance.
  
 
      Posted on Google  
   
   Allison 
 
 
 
 Trustindex verifies that the original source of the review is Google. I am very happy that I engaged with Ilya after reading other positive reviews. He listened to my retirement and estate planning goals, and devised a strategy that incorporated the complexities of overseas beneficiaries and appropriate tax structuring. He is very good at explaining the advantages and disadvantages of various options, and I felt in control of making the final decisions about my finances. Thanks Ilya, I will continue to engage with you come retirement time!
  
 
      Posted on Google  
   
   Joe Wright 
 
 
 
 Trustindex verifies that the original source of the review is Google. I cannot recommend Ilya Egorov too highly for his services after my traumatic experiences in placing my wife of the last fifty years into residential aged care. In addition to the trauma there were seemingly horrendous costs. Egor patiently soothed my concerns and successfully negotiated with my investment funds, The Aged Care facility and Centrelink to arrive at a very acceptable position. I can only thank Ilya for both his professional but also for his understanding of my emotional state.  I could not have done without his services. Thank You Ilya Best Wishes Joe Wright ya
  
 
      Posted on Google  
   
   Michael Palmer 
 
 
 
 Trustindex verifies that the original source of the review is Google. Fin planner Ilya Egorov was recommended to wife and i from a friend to help validate our upcoming retirement plans, and review current setup to enable our desired income post retirement. We were very pleased with the one-off plan we received- it was informative, comprehensive, and accurately reflected our objectives. Ilya was very professional, has a bucket of experience and education, and on a personal note - caring, empathetic, has excellent listening skills and understands what we mean and want. Would absolutely recomend Ilya's professional service if you need a planner, he is excellent.
  
 
      Posted on Google  
   
   catherine gordon 
 
 
 
 Trustindex verifies that the original source of the review is Google. I can not thank Ilya enough for the support he has given our family during a very difficult time. My mother needed to be moved to an aged care facility and it is fair to say that we were not ready for this decision, emotionally or financially. Ilya was able to take the financial jigsaw pieces offered by my father and create a financial plan that will take care of my father, still living at home, and also for my mother in the aged care facility. His knowledge of financial products is vast and his ability to understand the Centrelink process is nothing short of miraculous.  Centrelink seems to have a language of its own and having Ilya breakdown all the forms and procedures was incredibly helpful at a time when we were dealing with hospital assessments and social workers. The respect and care that Ilya showed my father was for me the most important part of the process.  Dealing with complex issues   during emotional times is hard for anyone, it is especially hard to do in your 80s.  Ilya was so patient with my Dad and took the time to make sure that my dad was looking after himself. For me, it is possible to learn financial structures, but empathy can not be learnt.  It speaks to the kind of person that Ilya is that he can do both. I have no hesitation recommending Ilya- I know that you will be taken care of.
  
 
      Posted on Google  
   
   Lee-Ann Boyle 
 
 
 
 Trustindex verifies that the original source of the review is Google. I just can not thank Ilya enough, for the support and guidance he has offered as we embarked on the journey of sorting out my Dad's financial affairs prior to go into to aged care. He was so emphatic towards what we were going through as a family, and went above and beyond to make the complicated world of aged care straight forward.....taking this additional stress away. Always keeping us informed and speaking in plan language allowed us to be across both what what happening in the now and what needed to happen in the future for my Dad to have the best financial outcome. We are so grateful and I can not recommend Ilya and his services high enough.....thank you Ilya 🙂
  
 
      Posted on Google  
   
   anthony callea 
 
 
 
 Trustindex verifies that the original source of the review is Google. Thank you Ilya for all your help these past few weeks as my parents transitioned to an aged care facility.  It’s been a challenging time for the family navigating the various aspects. Quite daunting at times and your patience and professionalism was much appreciated. You opened our eyes to the many considerations we needed to take into account. Your approach was meticulous and your advice was very thorough. I highly recommend engaging Ilya with your financial planning.
  
 
      Posted on Google  
   
   Maddie M 
 
 
 
 Trustindex verifies that the original source of the review is Google. Our blended family engaged with Ilya from Financial Balance Group as we required financial advice and a financial plan for the varying needs of senior parents. We presented with a complex scenario with one parent entering aged care and one remaining in the marital home/residence. We wanted to ensure that both parents were cared for and that their financial needs were met. We required a plan that met the cost-of-living requirements of a couple living apart. Ilya was generous and equitable with his time, liaising and juggling the logistics of meeting with representatives of both families. Ilya presented an SOA and step by step plan, using assets, investments and restructuring of some assets to better fund and meet the different cost of living requirements of both parents, as well as providing direction and liaising with government departments to reinstate the appropriate rate of age pension. Ilya provided invaluable communications with government departments. I found Ilya a pleasure to deal with and I feel he showed integrity in dealing with a blended family. Thank you for helping us navigate the process and for an SOA that helps to meet the needs of both parents. If my future circumstances require the advice of a financial adviser, I would engage Ilya’s services again. Thank you Ilya for your generosity with time, dedication and professionalism
  
 
      Posted on Google  
   
   Tracey Peduto 
 
 
 
 Trustindex verifies that the original source of the review is Google. We have been with Ilya for many years even before he took up office at Financial Balance group, and in that time he has guided and supported us with our financial planning, enabling us to put money into our Superannuation and  commence salary sacrificing whilst still raising our family,.. we didn't even think that was possible at that time. Now in our later years Ilya is guiding us into Retirement, helping us with downsizing, and other financial concerns, also guiding and assisting us with the many application procedures to Centrelink for our Pension entitlements. Ilya is extremely dedicated, professional, trustworthy and reliable. We would not hesitate to refer Ilya Egorov to our family and friends for their financial planning needs. Thank you Ilya, we now have the piece of mind that our retirement will be comfortable and financially secure. Frank and Tracey.
  
 
      Posted on Google  
   
   Carolyn Foley 
 
 
 
 Trustindex verifies that the original source of the review is Google. I cannot thank ilyae enough. The knowledge he has around investments options short-term long-term was incredible he was able to put me at ease and communicate that I was making the right descions clearly throughout the whole process with clear evidence to back up my final decision making.Thank so much.
  
 
  
  
 
 
     Verified by Trustindex  Trustindex verified badge is the Universal Symbol of Trust. Only the greatest companies can get the verified badge who has a review score above 4.5, based on customer reviews over the past 12 months. Read more

Watch: Straight Answers to Your Retirement Questions

Common Misconceptions: Advice Is Just About Investments | Financial Balance Group | Box Hill 3128

Retirement Planning Adviser near Bulleen VIC 3105 - Financial Balance Group | Ph 0432 673 370

Why I Love What I Do | Financial Balance Group – Aged Care & Retirement Planning | Ph 0432 673 370

Do You Need to Pay Off Your Mortgage to Retire? | Financial Balance Group | Ph 0432673370

Is Financial Advice Only for the Wealthy? | Financial Balance Group | Ph 0432673370 | Box Hill VIC

Biggest Problem I Solve for Clients - Financial Balance Group | Ph 0432673370

Why Does Super Matter When We Talk About Planning Retirement? | Financial Balance Group

Financial Habits | Financial Balance Group – Retirement Planning Advice in Melbourne | PH 0432 673 370

What Makes Us Different - Aged Care & Retirement Planning in Melbourne | Financial Balance Group

Expert Retirement Planning Adviser in Box Hill 3128 - Financial Balance Group

Let an accredited Aged Care Specialist financial planner simplify the path forward

With a transparent, flat-fee model and specialist accreditation, Financial Balance Group provides the technical expertise and genuine empathy to help you with the transition to residential aged care and protect your family’s estate. We act as your single point of contact and simplify the complex so you can focus on your parents’ well-being.

Learn more about our Aged Care financial advice in Melbourne, or explore our broader support across retirement planning and estate planning. When you’re ready, book a no-obligation, confidential consultation to get practical guidance.

Download our Retiring Comfortably eBook

Get to know Ilya

FAQs

When should I start retirement planning?

The earlier you begin retirement planning, the more options and benefits you typically have. However, it is never too late to seek guidance. Retirement financial planning in Melbourne often becomes critical within 5 to 10 years of retirement, when contribution strategies, debt reduction and income structuring have a measurable and tangible impact.

How does retirement planning advice actually work?

As part of retirement financial planning in Melbourne, we assess your financial position, help you clarify and quantify your goals and build a documented strategy. We test assumptions, stress-test projections and provide clear implementation steps. This process ensures that every step of your retirement plan is practical, actionable, transparent and aligned with your goals.

Can you help with superannuation and Centrelink?

Yes. We provide personalised advice on your superannuation, including reviewing your current structure, contribution strategy, estate planning issues like superannuation death benefit tax and retirement income streams to ensure everything is aligned with your retirement goals.

We also assess our clients by assessing potential eligibility for Centrelink benefits, introducing strategies to preserve or, where possible, to increase these benefits. We guide you through the application process and assist with the claim forms, making the process simpler and less stressful.

By combining strategic advice with hands-on support, we help give you greater confidence that your finances are on track, so you can focus on enjoying the retirement lifestyle you’ve worked towards.