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.

Do you need financial advice?

Do you need financial advice?

Do you need financial advice?

Financial advice is a term with a multitude of meanings.

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Three resolutions for a new decade

Three resolutions for a new decade

Three resolutions for a new decade

A few simple changes could improve your quality of life in retirement.

Drought causes jump in food costs

Drought causes jump in food costs

Drought causes jump in food costs

Price rises in the September quarter were smaller than in the June quarter with all ...

Millennials making mistakes

Millennials making mistakes

Millennials making mistakes

If you had financial forewarning, would it have made any difference to your retirement status?

Savings tips to boost your retirement

Savings tips to boost your retirement

Savings tips to boost your retirement

Make some super simple changes that could make a lifetime of difference in retirement.

The top 10 retirement suburbs

The top 10 suburbs to retire in and build equity in your home

The top 10 retirement suburbs

When it comes to their golden years, there are three essential factors retirees should take ...

Ready for the unexpected?

Ready for the unexpected?

Ready for the unexpected?

How do you deal with medical expenses that can take a large amount of your ...

Timing Your Retirement

Is retirement still attractive?

Staggering number of YourLifeChoices members don’t ever want to retire from work.

How long to work?

Seven questions about retirement

What comes to mind when you think of your retirement? Is it excitement?

The big questions

Older Aussies leading the world

Australia has ranked second in a study measuring the resilience of global workforces.

Are you adaptable?

Retirement Planning

Take guesswork out of retirement

Retired actuary and ‘rule of thumb’ co-creator John De Ravin explains how you can spend with confidence in retirement.

Don’t run out of money

When retirement spending peaks

Will you spend more in retirement than during your working life? Will your spending change as you age? Janelle Ward presents the research.

The key to confidence

Boosting confidence in retirement

Do you know how much you can ‘safely’ spend in retirement? Accurium (part of the Challenger group) can help.

Needs versus wants

How much is enough?

Take guesswork out of retirement

Retired actuary and ‘rule of thumb’ co-creator John De Ravin explains how you can spend with confidence in retirement.

Don’t run out of money

Boosting confidence in retirement

Do you know how much you can ‘safely’ spend in retirement? Accurium (part of the Challenger group) can help.

Needs versus wants

How much cash should retirees hold?

Author and retired actuary John De Ravin has some strong words for retirees holding too much cash in the bank.

Interest rate dilemma

Making the transition to retirement

Boomers redefining retirement

With baby boomers redefining retirement, workplaces must evolve, writes Luke Fitzpatrick.

Why old is gold

Older Aussies leading the world

Australia has ranked second in a study measuring the resilience of global workforces.

Are you adaptable?

Services to help you age at home

For all those who want to stay in their homes for as long as possible, Louise Biti, director of Aged Care Steps, has one critical piece of advice.

Home forever

Retirement Income

Three resolutions for a new decade

A few simple changes could improve your quality of life in retirement.

New decade, new you?

When retirement spending peaks

Will you spend more in retirement than during your working life? Will your spending change as you age? Janelle Ward presents the research.

The key to confidence

Your say on retirement affordability

YourLifeChoices members generously participate in numerous surveys each year. These yield valuable information about the state of retirement – the pressure points, the fears, the true essentials for a comfortable retirement.

Surveys and stats

Living in retirement

Why seniors are lonely in a crowd

Loneliness rivals smoking and obesity in its impact on shortening longevity.

Fighting loneliness

What you’ll pay more for in 2020

What you can expect to pay more for this year based on 2019 trends.

Cost predictions

Wellbeing boost in pet agenda

A growing demand for pet-friendly aged care is backed by scientific evidence about the health benefits that can flow, but are facilities listening?

Proven benefits

Resources

When retirement spending peaks

Will you spend more in retirement than during your working life? Will your spending change as you age? Janelle Ward presents the research.

The key to confidence

Your allowances and discounts

How can age pensioners ensure they are making every dollar count?

All your allowances

Retirement health checklist

Retirement planning is about so much more than just money.

Planning later life

News

Australian retirees versus the world

The OECD has released a report comparing retirement systems and Australia isn't performing as well as you might think.

Report card

Govt looking after top end: report

Report sure to spark debate over the intended purpose of superannuation and tax breaks that favour the rich.

Retirement income review

Plan to keep older Aussies working

In the past decade a 30-year trend to earlier retirement has been reversed.

Working woes