Chapter 9: Pre-retirement planning and dealing with redundancy
The question isn’t at what age I want to retire, it’s at what income.
George Foreman, boxer
Pre-retirement planning is an important and exciting process as you prepare for the next stage of your life. Hopefully, you have been busy accumulating enough money to fund your retirement, but if you haven’t, there is still plenty of time. Recent statistics indicate that the fastest growing area of work participation is in the over-65 age bracket as more Australians reach Age Pension age without having enough money to live on. Many people have concluded that they are better off working than retiring on the Age Pension. Others are not yet ready to let go of the social aspects that work provides. ...