Entering a new phase of life can be daunting, but moving into retirement doesn’t need to be a stressful experience.
By following our six-step guide you can help you assess your options, determine your budget and priorities, and support your transition into retirement.
Are you on track to move into retirement?
If your retirement is just around the corner (within 5 years), the idea of life after work is slowly becoming a reality.
Follow the six steps below to feel more confident about your retirement journey or download our retirement planning checklist.
You can also read our article ‘How to retire well’ for key things to consider for a comfortable retirement.
Did you know your retirement income can come from different sources – not just your super?
Discover the different sources your retirement income could come from including existing assets, investments, the Age Pension, and more.
Use our Retirement Savings Calculator and estimate in minutes how much super you’ll have when you retire. It’s easy to use and will show your projected super balance and income as well as any Age Pension payments you may be eligible for.
Now that you’ve got your estimated super balance, you may find you need to boost your super.
There are a number of steps you can take to increase your super balance.
If you’re within 5 years of retiring, the Retirement Income Calculator can help you gain a clearer understanding of how much you’ll need to cover your living costs and estimate your income throughout your life in retirement.
It also considers other sources of income you may have outside of your super including the government Age Pension.
By now, you’ll have a clearer picture of how your retirement may look financially.
As you approach retirement, now is a good idea to begin thinking about how you can turn your super balance into regular, tax-effective income through one of our retirement income accounts.
A chat with our award-winning advice service can help to put the pieces of the retirement puzzle together.
If you’re unsure on where to start, need advice, or just want to make sure you’re on the right track, our experienced retirement advisers are available to answer your questions.
Discover more about approaching retirement
Things you need to know1 Zenith CW Pty Ltd ABN 20 639 121 403 AFSL 226872/AFS Rep No. 1280401 Chant West Awards issued 25 May 2023 are solely statements of opinion and not a recommendation in relation to making any investment decisions. Awards are current for 12 months and subject to change at any time. Awards for previous years are for historical purposes only. Full details on Chant West Awards at https://www.chantwest.com.au/fund-awards/about-the-awards/