1 Start Your Retirement
5 Steps
- Work out what income you can expect to receive in retirement from your super and other financial assets. Remember to subtract any amount you intend to use to repay debts from the balance available to generate income.
For your super account, check out SuperGuide’s Super to income reckoner tool. Or use the ASIC MoneySmart online retirement planner tool to create an estimate. - Explore other ways to generate income in retirement.
- Think about whether you plan to sell any of your financial assets at retirement, or keep them to provide some income (such as rent) in retirement.
- Decide if you need to add some last-minute contributions to your super to generate more retirement income.
- Work out which type of super contributions would be best to use.