Set out below are all SuperGuide articles that relate to Retirement planning strategies.
The 10/30/60 Rule shows it’s just as important to use a carefully developed investment strategy in retirement as it is during your working life.
Choosing the right calculator to work out your retirement income is important, as different calculators provide different results and types of information.
Sequencing risk can ruin even the most carefully planned retirement, with losses and low returns when you withdraw your super savings giving you less to spend.
Selecting the right investment option for your super pension can have a big impact on how much money you have to spend during your retirement years.
Your spending in retirement will depend not just on how much you have saved, but also on different spending patterns as you age.
If you are looking to wind back working hours or boost your super in the lead-up to retirement, a TTR pension may be the answer.
Your superannuation can potentially affect how much, if any, Age Pension you receive in several ways. As well as the amount you have in super, your partner’s age can have an impact as can what you do with any super payments you access.
A common question from people planning their retirement is if, and when, they will be eligible for the Age Pension.
The Pension Loans Scheme can be a great way to boost your retirement income by taking out loan from the government against the equity in your home.
Let’s be frank, at a time of historically low interest rates it’s no wonder SMSF investors have been flocking to franked dividends from shares.
The amount of super YOU need to retire will depend on your personal circumstances, financial resources both inside and outside super and your lifestyle. So before you set an arbitrary super target, block out the fearmongers and think about the big picture.
In this article we detail how the Age Pension is assessed, how the income and assets tests work, and illustrate with case studies for a Single and a Couple.
Chris (47) earns $180,000 per year and has $430,000 in super. Lisa (48) earns $80,000 per year and has $220,000 in super. They have one daughter at university and are close to paying off their mortgage. They want to know if they are on track to retire when Chris turns 60.
Dan (60) is a freelance web designer who earns $76,000 a year. He hasn’t always put money aside for super, so his balance is a relatively low $120,000.
There can be a bit of a learning curve with MoneySmart’s Retirement Planner, and it may appear intimidating at first glance, so we created a short video to help you get an understanding of how the tool works.