The Prism IEFC Retirement Journey

Retirement planning is not a once-off calculation. It is an ongoing journey.

Every member’s retirement journey is shaped by life events, career changes, salary adjustments, contribution decisions, market movements, legislative changes, and personal financial goals.

At Prism IEFC, we believe members should not be left to navigate this journey alone. Our approach combines retirement planning technology, member education, and ongoing engagement to help members understand where they are today, where they are heading, and what steps may improve their retirement outcome over time.

Through the IEFC Retirement Calculator, members can create a personalised retirement planning profile that can be reviewed and updated as their circumstances change. This allows future engagements to build on previous planning rather than starting from the beginning each time.

By maintaining a secure electronic member profile, Prism IEFC is able to support ongoing reviews of retirement goals, contribution strategies, projected retirement income, and key financial assumptions. This creates continuity and helps members remain informed, engaged, and better prepared throughout their working life and into retirement.

1. Discover

Understand your current retirement position, existing savings, contribution levels, projected retirement income, and long-term retirement goals.

3. Review

As life changes, your retirement plan should evolve too. Salary increases, career changes, family responsibilities, and financial priorities can all influence your retirement outcome.

5. Prepare

As retirement approaches, planning becomes more focused on income needs, retirement options, investment risk, tax considerations, and the transition from saving to drawing an income.

2. Plan

Use scenario modelling to assess different contribution strategies, retirement ages, investment assumptions, and income objectives.

4. Monitor

Your retirement profile can be securely maintained and updated over time, allowing progress to be tracked and reviewed without starting from scratch at every engagement.

6. Transition

Retirement is not the end of the journey. Prism IEFC supports members in understanding their options and making informed decisions as they move into the next phase of life.

Why Ongoing Planning Matters

Improved retirement outcomes are often achieved through a series of informed decisions made consistently over time.

Regular Reviews Help Members:

Understand whether they are on track for retirement.
Assess the impact of contribution changes.
Update retirement goals as personal circumstances change.
Understand how market and investment assumptions affect outcomes.
Prepare earlier for retirement decisions.
Engage more meaningfully with their retirement fund benefits.

At Prism IEFC, we believe informed members make better decisions. Our role is to provide the tools, education, and ongoing support needed to help members move through their retirement journey with greater confidence.

Because retirement planning is not about predicting the future, it is about preparing for it, one informed decision at a time.