Living in retirement

Shirley: When you own your own business, you don't tend to plan for retirement.

Voiceover: UniSuper knows retirement.

Shirley: We like to travel.

Peter: We eat out a lot. We like to go out for breakfast, different cafes and restaurants.

Voiceover: We know that our members are individuals.

Shirley: My name's Shirley, I'm 68 years old, and this is my husband, Peter.

Voiceover: Travelling on their own paths.

Shirley: We met a research laboratory. It was love at first sight. We decided to jump into a business of our own.

Voiceover: With their own goals and aspirations.

Shirley: I'd like to think that we could go on a trip every year. We could do some renovations. We're thinking of downsizing and moving to a smaller unit.

Voiceover: We also know that regardless of who you are and where you're going, retirement planning can feel overwhelming.

Shirley: We didn't have an exit plan. We didn't know how we were going to retire.

Voiceover: That's why our members have access to an award-winning team of financial advisers, as well as educational content and calculators for both retirement income and retirement expenditure.

Peter: We had a meeting with Derek and he was just excellent. He showed us the way, took all the pain out of it. I feel really comfortable with the way it's gone.

Derek: I started working with Peter and Shirley just over a year ago. They were really looking to make the transition into a less complex retirement.

Shirley: It's not like we need to take high risks in our investments.

Derek: It's really important that people give thought to wealth creation. You know, what are they saving? How are they investing? Wealth protection. It's insurance against, you know, death, disablement; your income protection. And the third thing is wealth distribution to ensure that your assets go to the people that you want them to.

Shirley: I think one of the best things we did to prepare for retirement was we actually worked less days per week.

Derek: For those wanting to ease into retirement there is something called 'transition to retirement'.

Shirley: So we started working five days a week and then we went to four, three, and now we're down to two.

Derek: I think it comes down to people understanding what do they want to do? What is their purpose going to be when they're retired?

Shirley: I'm surprised how Pete's taken to it, to be honest. I thought he would miss it more than he has. He's actually relaxed more and enjoys not going to work every day.

Peter: I do miss the contact with people but it's nice not to rush.

Voiceover: There's no one-size-fits-all for the future. So it's important that you take the time to think about what works for you. And if your plans do change, remember, it's easy to make adjustments to your retirement income as needed. At UniSuper, we know that all journeys start with a single step. Visit unisuper.com.au/retirement and take your first step today.

Shirley: For us, UniSuper was the best choice. And the result has been very comforting.

Peter: They did offer to adopt me. It's so lovely hearing that sort of feedback from clients.

The information contained in this video is of a general nature and doesn't consider your personal circumstances. Before making decisions, consider the relevant PDS and TMD on our website and your circumstances, and whether to seek financial advice.

UniSuper Advice is operated by UniSuper Management Pty Ltd ABN 91 006 961 799 (USM), which is licensed to provide financial product advice. USM is also the administrator of the fund UniSuper ABN 91 385 943 850 (UniSuper). UniSuper Limited ABN 54 006 027 121 is the trustee of UniSuper.