Timing Your Retirement

Retirement

Whether you wish to retire fully or just cut back – will require thinking about the emotional aspects of retirement as well as the financial. Research reveals that the happiest “retirements” are those with balance, structure, strong social contact and yes, a little work. You may need expert advice from a financial planner on timing your retirement and to make the most of your money.

Find a planner

The Financial Planning Association of Australia has an excellent “find a planner” tool on site allowing you to search by business name or suburb.

But whether you are ready emotionally to leave full time work and embrace family life… that’s an entirely different thing. Take our Are you ready to retire quiz to find out…

Are you ready to retire quiz

Most Australians enjoy at least a little work in their life-work balance, but how much is enough – and have you done the planning that’s necessary before beginning your transition?

Use YOURLifeChoices quick 25-questions quiz to check the health of your retirement planning

The holistic approach is good not just for your health and wellbeing, but also when planning for your retirement.

You’re continually being told you need a secure retirement nest egg (say, $1 million). So you decide that, until you have this certain amount, you’re not ready to clock off. While there’s no doubt being financially secure is incredibly important, there’s much more to a happy and fulfilling later life than the money.

First and foremost is a sense of choice. Next is independence, with a readiness and willingness to move (rather than be pushed) to the next stage not far behind.

Research confirms that those who plan their transition into retirement are much more likely to create a satisfying life-balance. Sound financial planning is indeed an integral part of the process, but there’s much more to consider than just the dollars.

Take the quiz now!