Retirement

manwithsurfboard

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?

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Retirement planning

Retirement 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 retirement

Very 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 income

There 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 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?

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Resources

Access our many retirement resources, including calculators, checklists, FAQs and of course, the quarterly YourLifeChoices Retirement Update.

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Family home in assets test?

michael caton in the castle

Family home in assets test?

Will Budget 2016/17 include the family home in the assets test?

Time to tax retirement income?

Calculator showing tax free for retirement investments

Time to tax retirement income?

A possible hit to retirement income earnings in Budget 2016/17 may affect you.

Age Pension age changes

increasing retirement age

Age Pension age changes

Will the Age Pension age change in the Federal Budget 2016/17?

Time for super tax concession changes

Rolls of money received in superannuation tax concessions

Time for super tax concession changes

Changes to superannuation tax concession will happen but what are they likely to be?

 

Timing Your Retirement

Are you ready to retire early?

Early retirement is the dream held by many, but realised by few.

An end in sight

Time to rethink retirement

What is retirement? What does it means to you?

rethink and rework

Are you ready to retire quiz

Have you done the necessary planning before beginning your transition?

Take the quiz

Retirement Planning

Calculating your retirement needs

How can you calculate how much it will take to cover your living costs?

How much will you need?

Will I get a pension bonus?

Is Martin entitled to an extra payment from Centrelink when he retires?

Any extra welcome

Redefining retirement

Reimagining retirement is very much a necessity.

It’s your retirement

How much is enough?

Older Australians retiring in debt

Australians are carrying higher levels of debt into retirement than the previous generation.

Rising debt levels

How much do you need?

Craig Hall explains how to calculate how much you need for retirement.

Find out more

How much is enough for retirement?

How much is enough when it comes to your retirement nest egg?

One size never fits all

Making the transition to retirement

Understand your retirement anxiety

It’s understandable that many anxieties surround retirement.

Take control

Your retirement survival guide

Here are 10 ways to reduce your financial concerns in retirement.

Ten tips you need to know

How to transition to retirement

It’s just as important to commit to lifestyle changes as it is to managing your future income.

Keep earning

Retirement Income

Self employed and Work Bonus

If you’re self employed, will the Work Bonus be applied to your Age Pension?

Does the Work Bonus apply?

Are deeming rates unfair?

Deeming rates can be higher than actual interest paid.

Deeming rates in detail

Can two live as cheaply as one?

What financial issues should you consider before taking the plunge?

How much will you need?

Living in retirement

Why studying could be good for you

Do have a love of learning? Perhaps you should consider adult education.

Keep learning

Retirement affordability suggestions

In this four-part series of articles, we’ve chosen 20 of your best tips.

Do you have a tip?

Money advice for your kids

Why would life insurance be relevant to retirees? Financial guru Noel Whittaker explains.

It’s a safety net

Resources

Five best retirement calculators

We’ve rounded up the top five free retirement calculators on the internet.

Tech update

Youth 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 retirement

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