Retirement
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.
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Timing your retirementEnsuring the optimal timing of your retirement right is the first step, so how do you achieve this? |
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Retirement planningRetirement planning is often considered in a purely financial terms, but there’s so much more to consider than just money. |
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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? |
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Making the transition to retirementVery few people go from working full time to full-time retirement, so what can you do to enjoy a successful transition? |
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Retirement incomeThere are several ways to secure an income in retirement, so here's a plain English summary of the main options. |
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Living in retirementOptions for living in retirement and how your home can help fund your retirement lifestyle are varied, so which choices do you need to consider? |
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Minister responds to Aveo scandal
Minister responds to Aveo scandal
Behaviour that leads to the exploitation of elderly and vulnerable will not be tolerated.
Seven common retirement mistakes
Seven common retirement mistakes
When it comes to retirement, knowing what not to do is just as important as ...
Retirement Affordability Index March 2017
Retirement Affordability Index March 2017
Investigating the real cost of living in retirement for all retirement households in Australia.
Economist advises: rent, not buy
Economist advises: rent, not buy
Economist Chris Richardson believes younger Australians should be looking to rent, not buy.
Five Budget 2017 no-brainers
Five Budget 2017 no-brainers
How Scott Morrison can help retirees in Budget 2017.
Retirement system under threat
Retirement system under threat
The rate of home ownership is declining so fast that it threatens to undermine the ...
Take control of your retirement in 2017
Take control of your retirement in 2017
The burning issues you need to address to ensure your retirement gets back on track.
Timing Your Retirement
Reaching preservation age
Preservation age is the first retirement milestone but what does it mean?
What should you do?Are you ready to retire quiz
Have you done the necessary planning before beginning your transition?
Take the quizAre you ready to retire early?
Early retirement is the dream held by many, but realised by few.
An end in sightRetirement Planning
Five steps to a happy retirement
When it comes to retirement, it’s easy to confuse success with happiness.
Are you happy?Common questions planners are asked
Kane Jiang shares the five most common questions financial planners are asked.
What would you ask?How much is enough?
Busting the biggest retirement myth
More than half of working Australians are not retirement-ready at all.
So, who’s ready to retire?How long will your super last?
We show you how to get an idea of long your super will last.
Will it last?Will an inheritance fund retirement?
Australians may be relying on an inheritance to fund retirement.
What’s your lifestyle goal?Making the transition to retirement
Reaching preservation age
Preservation age is the first retirement milestone but what does it mean?
What should you do?Retrenchment – what should I do?
Retrenchment isn’t getting rid of the person: it is getting rid of the role.
Facing retrenchmentHow do I start my retirement?
Robert is planning on retiring but isn’t sure when he should apply for an Age Pension.
Starting retirementRetirement Income
Can two live as cheaply as one?
What financial issues should you consider before taking the plunge?
How much will you need?Seven money dos and don’ts
The simplest actions, whether done or avoided, can have the biggest impact on finances.
Dos and don’tsWhat changes to TTR mean for you
The rules for transition to retirement strategies are changing.
Is a TTR for you?Living in retirement
Villagers slam retirement group
Residents call out retirement village owner over ‘gouging’ and ‘other bad practices’.
Village people not happyUnderstanding key retirement risks
The three retirement risks all Australians need to address.
Know the gameCrunching the downsizing numbers
There may be a financial sting in the tail for those considering downsizing.
Will you lose out?Resources
Five best retirement calculators
We’ve rounded up the top five free retirement calculators on the internet.
Tech updateYouth can’t replace experience
Australia may be ‘dumbed down’ as baby boomers move towards retirement.
Australia facing a brain drain?Know your rights
The process of planning for retirement can be a far from simple process.
Your rights at retirementJoin YOURLifeChoices, it’s free
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