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SMSF DIY Guide: Everything you need to successfully set up and run your own Self Managed Superannuation Fund by Sam Henderson

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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. ...

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