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 …

The Budget. What does it mean for you?

  The Budget. What does it mean for you? This year’s Budget proposes the biggest changes to super in almost a decade. The proposed changes mainly affect contributions rules and the tax breaks available in super. If the Budget comes into effect, it would be after new laws are passed—then the proposed measures would take effect until 1 July 2017. Who’s better off? The changes announced for super contributions rules will generally be welcome news …

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 …