Retirement Strategies: Where To Start?

There are many effective strategies to save for your retirement but they change depending on your employment, income, age and other circumstances.

Strategies could include making additional contributions to super (on a before tax or after tax basis, or both) investing outside super, or in the name of your spouse, or even borrowing for investments also known as gearing.

Talk to your financial adviser to make sure you are making the most of the available super and other opportunities to save for retirement.

Enjoying Your Retirement

Most of us spend years looking forward to retirement – attracted by the notion of endless free time and the freedom to do what we want, when we want. But it is exactly these aspects of retirement that can allow boredom to set in once the buzz of leaving work has worn off.

So it’s important not to simply retire from something, but to have something to retire to. That way retirement can be a time of great fulfillment – discovering new passions and rekindling old ones.

That’s why it’s important to have a plan, not just for your finances but for lifestyle in retirement. Some ideas to enjoy retirement include:

• Don’t retire. Keep on working until the time feels right to wind down. Scale down to part-time for a balance between work and leisure, and ease into retirement. Various financial strategies can help you to do this.
• Start your own small business.
• Write a book.
• Volunteer for a charity that supports a cause important to you.
• Support projects in your local community or run for the local council.
• Pursue all the interests you’ve never had time for, or discover new interests.

A financial adviser can help you align you finances and your desired lifestyle in retirement.