1.

Commence Retirement

Plan your retirement and comprehensively understand your financial position as your accumulated money has to last for the rest of your life. Become debt free for the first time in your life!

2.

Pension fund

Receive highly tax advantaged regular income via a pension fund

3.

Budget

Know your retirement income amount and what you can spend of living expenses and holidays

4.

Tax planning

Minimise your tax and optimise your net income with smart tax planning. Many extra benefits are available only to retirees

5.

Centrelink

Seek Government services such as the age pension and Commonwealth Health card

6.

Life insurance

Ensure that debts, other financial responsibilities and long-term care are covered by insurances. It may also be time to consider discontinuing some insurance

7.

Health insurance

Make sure that your health insurance covers you thoroughly for general and age appropriate illnesses like hip and knee replacements as well as Physio and Chiropractic

8.

Estate planning

Decide how your assets will be managed and distributed if something happened to you and update your family.

9.

Keep working & save tax

If you wish, keep working and receive substantial tax breaks whilst also continuing to build your retirement pot of gold

10.

Accommodation

Consider moving to a retirement-friendly location if you have outgrown the large family home, which would unlock opportunities to reduce expenses, retire debt, receive care and enhance your cash position for investment