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.

How to choose a financial adviser

How do you choose a reliable financial adviser for retirement?

How to choose a financial adviser

Jan is finding retirement confusing but is worried about dodgy financial advisers.

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Nine essentials of retirement

Nine essentials of retirement

Nine essentials of retirement

Are individuals and governments doing enough to prepare people for retirement?

The sweet spot and super failings

The sweet spot, super failings and where to next

The sweet spot and super failings

Economist Sean Corbett explains the sweet spot and why the superannuation system is failing.

Relocatable homes and the pension

What you need to know about retiring to a mobile home

Relocatable homes and the pension

The Centrelink rules that apply if you have a caravan park address.

Aussies fear super shortfall

Aussies fear super shortfall

Aussies fear super shortfall

Just 19 per cent of Australians expect to be able to live comfortably off their ...

How to boost your property value

How to boost your property value by 30 per cent in retirement

How to boost your property value

Building a granny flat adds value to your home and could create a new revenue ...

Did your costs drop?

We had negative inflation, but did your costs actually drop?

Did your costs drop?

Inflation softened in the March quarter, with most experiencing negative inflation.

Timing Your Retirement

Rise of the ‘senpreneur’

Retirement coach Peter Black tells what he has learnt about working past 65.

Learning the key

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?

Retirement Planning

You don’t need $1 million to retire

Financial adviser Scott Pape outlines the retirement strategy ‘that works for everyone’.

Find out more

How to set up for retirement

Jan asks Noel Whittaker how to structure the couple’s assets before she retires.

CGT conundrum

Aussies fear super shortfall

Just 19 per cent of Australians expect to be able to live comfortably off their super.

What about you?

How much is enough?

Aussies fear super shortfall

Just 19 per cent of Australians expect to be able to live comfortably off their super.

What about you?

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

Making the transition to retirement

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

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!

Retirement Income

Mortgage stress infiltrates retirement

More older Australians are finding it difficult to pay off their mortgage debt before they retire.

Mortgage stress

How is your super assessed?

Jan is approaching retirement and isn’t sure how her super will be assessed.

Super question

Spending in retirement confusing

Who says what about how much retirees are spending – and when.

Spending up or down?

Living in retirement

Your allowances and discounts

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

All your allowances

The plight of older renters

Homeless figures grow as Salvos call for immediate raise in government assistance.

Most at risk

Why retirement is very personal

Your retirement is your journey, writes expert Bruce Manners.

A ‘full-time job’

Resources

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

‘Boom’ your way to happiness

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

Ancient wisdom

News

Nine essentials of retirement

Are individuals and governments doing enough to prepare people for retirement?

Meeting the challenges

Mortgage debt ruining retirements

Record numbers of older Australians are battling to pay off their mortgages before retirement.

Housing policy turmoil

Spending in retirement confusing

Who says what about how much retirees are spending – and when.

Spending up or down?