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Case study: Later-life divorcee using a transition to retirement strategy to rebuild super savings

Case study: Later-life divorcee using a transition to retirement strategy to rebuild super savings

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For this case study, let’s meet Hassan. Hassan is 60 and has recently been divorced. During the divorce process, the family home was sold, mortgage was repaid, and with the settlement money, he’s been able to buy himself a comfortable studio apartment to live in.

He earns a good wage of $100,000 per year and as far as superannuation goes, his current balance is now $250,000, much less than he originally planned because the remainder of his balance has been split to his ex-wife as part of the divorce. He doesn’t have any other assets or savings that he can use to help fund his retirement.

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