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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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 ...

Top Stories

  1. Age Pension age changes
  1. Time for super tax concession changes

Take control of your retirement in 2017

How to 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.

Does your retirement need a rethink?

Does your retirement need a rethink?

Does your retirement need a rethink?

Will the proposed changes to super have an impact on your retirement income?

The great retiree blame game

It’s time to stop beating up older Australians

The great retiree blame game

It’s time to stop beating up older Australians.

Are you banking on an Age Pension?

Many Australians are banking on government support in retirement

Are you banking on an Age Pension?

43 per cent of Australians believe the will rely on government support.

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.

Timing Your Retirement

Are you ready to retire quiz

Have you done the necessary planning before beginning your transition?

Take the quiz

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

Retirement Planning

Are you thinking of downsizing?

You may have to consider all your options to make downsizing financially beneficial.

Making downsizing affordable

Early retirement checklist

Are you thinking about retiring soon? Here’s a checklist to help you decide if you’re ready.

Are you ready?

Is a TTR strategy right for you?

Noel Whittaker explains the benefits of a transition to retirement strategy.

What should you do?

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

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

Understand your retirement anxiety

It’s understandable that many anxieties surround retirement.

Take control

Retirement Income

Taxman gunning for online sellers

Australians are being warned that the ATO is tracking online sources of income.

Exercise caution

Rethinking the role of cash

In an era of low returns, many retirees are questioning the value of cash investments.

Should you keep cash?

Simple savings in retirement

these savings may seem simple but it's good to have a reminder.

Reduce expenses

Living in retirement

Recession proofing your retirement

Noel Whittaker looks at what action you should take to protect your retirement savings.

Protect your savings

Who wouldn’t want to live here?

Homeowners of the Ocean Club Resort have upped the ante.

A day in the life

Home care versus aged care

Case studies in June’s example compare cost of home vs residential care.

Which one is best?

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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How to budget (in retirement)

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Why the rich live longer

The sad truth that income and occupation control your longevity.

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Reverse mortgages may become more popular as a means to fund retirement.

Could annuities save your retirement?

Many Australians may turn to annuities as a way to fund their retirement income.

Retirement: the risk is all yours

The risk of funding retirement income has well and truly shifted – and now it’s all yours.