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?

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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.

Read More Here 



Happy retirement a fantasy for many

Happy retirement a fantasy for many

Happy retirement a fantasy for many

The system is broken and a big group of retirees are suffering.

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Minister responds to Aveo scandal

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

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

Retirement Affordability Index March 2017

Investigating the real cost of living in retirement for all retirement households in Australia.

Economist advises: rent, not buy

House for sale

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 for Sco-Mo

Five Budget 2017 no-brainers

How Scott Morrison can help retirees in Budget 2017.

Retirement system under threat

Declining home ownership threatens retirement system

Retirement system under threat

The rate of home ownership is declining so fast that it threatens to undermine the ...

Timing Your Retirement

Should you work for longer?

Research from the US indicates that working longer may actually be beneficial.

Giving retirement a miss

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 quiz

Retirement Planning

Mending your retirement mentality

Planning for good mental health is as important as your retirement finances.

Don’t go mental

How your spending will change

Living longer than previous generations comes at a price.

Are you ready?

Retirement income concerns rise

Most Australians believe they will fall short of the amount needed for retirement.

Retirement savings

How much is enough?

Most retirees will run out of money

New research shows more than 60 per cent of retirees will run out of money before they die.

Will you have 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?

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

Perks of staying on the payroll

Older workers find there are many benefits to being ‘bossed’ around

Works well

A tale of three retirements

The ‘big picture’ of retirement reveals there are about 4.35 million retirees in Australia.

Which tribe are you?

Get ready for an income shock

When the best-laid plans fail to protect you against a nasty income shock.

Nasty surprise

Living in retirement

Best places to retire for health

You don’t have to compromise on wellbeing to retire to a better climate.

Staying hale and hearty

Surprising new retirement trend

Survey reveals that more older Australians are choosing to live in retirement villages.

Rethinking retirement

Why can I barely afford a paper?

Resident wants his nursing home costs explained.

Costs broken down

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?

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