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? 

 

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.

Health issues cost retirees $142k

retirement

Health issues cost retirees $142k

Preventable health problems forcing retirement rethink, says study.

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Costs delaying your retirement

Costs delaying your retirement

Costs delaying your retirement

Aussies are working more years before retirement. Here’s why.

Backflip better late than never

Backflip better late than never

Backflip better late than never

Reversal of Government’s Age Pension eligibility policy welcome news for many.

What would make you work longer?

What would make you work longer?

What would make you work longer?

Could you be convinced to work until you were 70?

Reverse mortgages concern ASIC

Reverse mortgages concern ASIC

Reverse mortgages concern ASIC

Older Australians are increasingly turning to reverse mortgages to fund their retirement.

Loving life – on the road

mick and car

Loving life – on the road

He’s 70, been on the road for five years and couldn’t be happier.

Money musts before you die

Money musts before you die

Money musts before you die

Having your financial affairs in order will make a difficult time easier on your family.

Timing Your Retirement

Retiring overseas: will it work?

Look before you leap: what you must know before retiring overseas.

The pros and cons

Boomers would rather retire early

Baby boomer men would rather retire early than take on part-time work.

Disturbing trend

What makes Aussies retire early?

The top seven triggers causing Australians to retire earlier than expected.

Not always our choice

Retirement Planning

Retiring overseas: will it work?

Look before you leap: what you must know before retiring overseas.

The pros and cons

Avoid this if you retire early

Faced with the prospect of an early retirement, planning could save your sanity.

Don’t quit

Government’s super plan slammed

ACTU accuses Government of abandoning women in response to super report.

Retirement plan

How much is enough?

The costs that cut deepest

Where does your money go? We ask economist Matt Grudnoff for some answers.

Where does the money go?

How your money works in retirement

The lifestyles afforded the haves and the have-nots are poles.

Where do you fit in?

Set your dream retirement nest egg

Calculate whether your super and pensions will deliver your desired lifestyle

Can you afford this?

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 retrenchment

How do I start my retirement?

Robert is planning on retiring but isn’t sure when he should apply for an Age Pension.

Starting retirement

Retirement Income

Government’s super plan slammed

ACTU accuses Government of abandoning women in response to super report.

Retirement plan

Retirement income changes

The latest government updates to help you fully understand your entitlements.

Retirement income changes

Retirement income plan unnerving

Government’s proposed retirement income framework is making Australians nervous.

Pension confusion

Living in retirement

Are these the best over-50s resort homes?

Quality resort-style living in a beautiful location – the ultimate in retirement luxury.

Join the club!

Cockatoo made this family rich

The bizarre true story of how iconic cleaning product Pine-O-Cleen was created.

A bird in the hand?

Loving life – on the road

He’s 70, been on the road for five years and couldn’t be happier.

‘No fixed abode’

Resources

How much are you spending?

The most current and relevant expenditure guidelines available for Australian retirees.

Plan your spending

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?

News

Retiring overseas: will it work?

Look before you leap: what you must know before retiring overseas.

The pros and cons

Backflip better late than never

Reversal of Government’s Age Pension eligibility policy welcome news for many.

A correct decision

Plan to lift pension age scrapped

Government does U-turn on plan to lift retirement age to 70.

Reprieve for seniors

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