Retirement

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With most Australians now living much longer and stronger we will all probably spend more time after full-time work, getting a new life. Retirement used to be the stage of life where you gave up work and looked forward to life full of Saturdays, but now a successful retirement takes a lot more planning and skill to get the timing right.

Retirement should be seen as the opportunity to seek new challenges, to try something different in the workforce or realise some of the dreams you’ve held throughout your working life. Finding your way through retirement requires planning for your whole future, not just focusing on your finances.

Planning not only offers the best chance to achieve your goals, it also helps you work out what the type of retirement you don’t want and can ensure you avoid the common mistakes that can see all your years of hard work simply wasted. We all value our independence very highly and the best way to maintain independence is through good health and a firm financial footing which will deliver maximum choice as we age.

The Retirement section of YourLifeChoices website has been organised into seven main categories to help you plan and enjoy the next stage of life. Critical points to consider when retirement planning are timing, your emotional readiness, how much (money) is enough and maximising your nest egg with an effective transition to retirement.

And don’t forget that every quarter we bring together the best brains in the business to answer your questions on how your super can work best for you, making the most of your income in retirement, your rights in retirement, the latest government, health and technology news, relationship dilemmas and so much more in our Retirement Update. 

Timing your retirement
Ensuring the optimal timing of your retirement right is the first step, so how do you achieve this? 

 

Retirement planning
Retirement planning is often considered in a purely financial terms, but there’s so much more to consider than just money.  

 

How much is enough?
With people living longer on average in retirement, it’s understandable that running out of money is a major concern. So how much do you need to fund retirement? 

 

Making the transition to retirement
Very few people go from working full time to full-time retirement, so what can you do to enjoy a successful transition? 

 

Retirement income
There are several ways to secure an income in retirement, so here's a plain English summary of the main options.

 

Living in retirement
Options for living in retirement and how your home can help fund your retirement lifestyle are varied, so which choices do you need to consider? 

 

Resources
Access our many retirement resources, including calculators, checklists, FAQs and quarterly Retirement Affordability Index. 


Do you know if you qualify for an Age Pension? Find out with our RetirePlanner tool.

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The Actuaries Institute has welcomed changes to Australia’s superannuation system.

Are new pension changes enough?

Are new pension changes enough?

Are new pension changes enough?

We’d like to know if the proposed pension changes will help you.

Pension income boost?

Pension income boost?

Pension income boost?

New Age Pension rules could come into effect on 1 July 2019.

Timing Your Retirement

Mandatory retirement problems

Mandatory retirement ages are – rightly – mostly a thing of the past in Australia.

Keep going

Do you have retirement concerns?

Most retirees are concerned that their savings will not last in retirement.

Ready for retirement?

Retiring overseas: will it work?

Look before you leap: what you must know before retiring overseas.

The pros and cons

Retirement Planning

Five mistakes that wreck retirement

Here are the things to avoid if you want to make sure your retirement is successful.

Plan ahead

Retirement slipping from our grasp

A new study reveals Australians are less confident they will be able to retire comfortably.

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Prepared for retirement surprises?

Do you have an emergency fund to deal with surprise situations?

Friday Flash Poll

How much is enough?

Retirement slipping from our grasp

A new study reveals Australians are less confident they will be able to retire comfortably.

Pressure point

How to tap into your super savings

You may be able to draw an income from your superannuation before you retire.

Take this into account

Out of touch with reality

Friday Flash Poll findings reveal that the top end is out of touch with retirement.

Get the facts straight

Making the transition to retirement

Surprising reality of retirement

Surprising things about retirement that no one tells you about before you retire.

Retirement answers

Positive attitude key to retirement

YourLifeChoices members believe that a positive attitude is vital to retirement.

Stay positive!

Reaching preservation age

Preservation age is the first retirement milestone but what does it mean?

What should you do?

Retirement Income

Actuaries back super fund changes

The Actuaries Institute has welcomed changes to Australia’s superannuation system.

Thumbs up

Are new pension changes enough?

We’d like to know if the proposed pension changes will help you.

Friday Flash Poll

Pension income boost?

New Age Pension rules could come into effect on 1 July 2019.

Will you be better off?

Living in retirement

What is ‘quality’ aged care?

The services and care that you say are pivotal to lifting the sector’s image.

Living not dying

New twist on housing costs battle

Older Australians are turning to share housing for financial and social reasons.

Smart thinking

Extended families

How two women enriched their lives by taking in overseas students.

Hooked on company

Resources

‘Boom’ your way to happiness

Positive ageing expert reveals the simple secrets to a happy life.

Ancient wisdom

Annuity vs account-based pension

The key differences between two retirement incomes.

Which income stream?

How much are you spending?

The most current and relevant expenditure guidelines available for Australian retirees.

Plan your spending

News

Retirees should know this

Myths, risks and lies: the good and not-so-good about life after work.

Do retirees spend less?

How to save on household spending

Make the most of every dollar by following these tips.

Cut that grocery bill

Actuaries back super fund changes

The Actuaries Institute has welcomed changes to Australia’s superannuation system.

Thumbs up

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