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.

Your allowances and discounts

Allowances and discounts you should know about

Your allowances and discounts

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

Top Stories

  1. The retirement challenge
  1. Another super fund in strife
  1. You’ll regret buying these items
  1. We are the aged. Hear us
  1. Australia’s hottest retiree postcode

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.

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.

Family home under siege

family home

Family home under siege

Including family home in assets test ‘the right thing to do’, says economist

One in four have super problem

One in four have super problem

One in four have super problem

Disengaged consumers want the Government to act on multiple super accounts.

Can you trust super calculators?

ASIC tightens rules regarding retirement calculators

Can you trust super calculators?

ASIC has tightened the rules regarding retirement calculators.

Super funds that satisfy

Super funds that satisfy

Super funds that satisfy

Industry super funds increased their lead over retail funds based on member satisfaction.

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

Investment strategies after retirement

Don’t make the mistake of converting all your assets to cash on the day you retire.

It’s not all about cash

Hands off the family home

Flash Poll delivers resounding verdict – on family home, assets test and pollies.

Deeming rates under fire

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

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

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

How to make your savings sing

Building your nest egg is part of the journey. How to use those savings is the challenge.

Save or spend?

Is your super fund right for you?

There’s no room for complacency when it comes your super and pension funds.

What to look for

Why the cost of living is rising

How can living costs be such an issue when the official measure of inflation is so low?

Why is this so?

Living in retirement

Retirement health checklist

Retirement planning is about so much more than just money.

Planning later life

The retirement challenge

Your life expectancy has increased – will your retirement savings last the distance?

Retirement challenge

Renting tips for pensioners

Older Australians who rent their home should know these strategies, says Centrelink expert Glenn Smith-Cameron.

Rent assist

Resources

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

Annuity vs account-based pension

The key differences between two retirement incomes.

Which income stream?

News

Family home under siege

Including family home in assets test ‘the right thing to do’, says economist

Pensions ‘not generous’

Home is where the income is

Family home provides retirees with the means to take care of themselves: Sean Corbett.

Threshold required

One in four have super problem

Disengaged consumers want the Government to act on multiple super accounts.

Do you know?