How do transition to retirement strategies work?

How do transition to retirement strategies work? A transition to retirement strategy could allow you to work less, or work the same hours and increase your superannuation, without reducing your take-home pay. Even if you’re nearing retirement age you mightn’t be looking to leave the workforce just yet. Maybe you want to save more money or perhaps you enjoy the interaction and mental stimulation. Whatever the reason, a transition to retirement (TTR) strategy could provide …

How to make the transition to retirement smooth for you and your partner

How to make the transition to retirement smooth for you and your partner Couples don’t always agree on everything, including retirement. If the time comes for you to retire and your partner is still working—or vice versa—it’s a matter of anticipating the natural changes ahead and then balancing and planning so both your needs can be met. Understanding differences The age you retire may depend on the work you do, your employment arrangements, your health …

Retiring within the next 5 – 10 years

  Retiring within the next 5 – 10 years The combined effect of earlier retirement and living longer means that many Australians will spend more than a quarter of their life in retirement. While this sounds like good news, it does emphasise the importance of planning carefully – and well in advance – for your retirement. Some questions you may wish to consider include:• How much do I need to retire on? When can I …