Ways to retire well
Redefining retirement
Retirement isn’t about retiring from life. It’s time to refire, rewire and renew. And while having your finances sorted is certainly important aspect of retirement planning, it’s only part of the picture. Having a clear purpose, building connections with those around you, taking care of your physical and mental health, and looking after your financial wellbeing – they’re all essential ingredients when it comes to getting the most from your next chapter.
Keep your money working for you when you’re retired
Retirement income options
You might be retired, but your retirement savings have plenty of work to do yet. Average life expectancies mean we’re living longer in retirement than ever before. So if you want to enjoy a retirement that’s as comfortable as possible, your retirement savings need to be able to go the distance. Here we take a look at some key considerations to help you maximise your savings throughout your retirement.
A word on what’s right for you
This page provides information and some key considerations for investing your retirement savings through your retirement. But keep in mind that it’s general information only. For information that’s tailored to your own financial circumstances and objectives, consider getting qualified financial advice.
Exploring your options
Even in retirement, we all need different things from our investments. That’s why Equip Super offers a range of different investment options.
How long you’re likely to be invested is always a critical factor in helping to determine which investments are right for you.
For many of us, retirement could last for 20-30 years or more. In investment terms, that’s still quite a long time horizon.
While you were younger, a key focus for your super investments was accumulation – simply saving as much as you could and maximising your investment’s potential for growth.
Now that you’ve retired, your investment needs to multitask. It still needs some potential for growth in order to be able to sustain itself and continue to help fund your retirement. But there’s also an increasing need to reduce risk and keep the day-to-day income you draw from your investment relatively shielded from any market volatility.
A relatively higher allocation to income assets (such as cash and fixed interest), to help to protect your portfolio against the impacts of volatility, so you can continue to draw a steady income to help fund your retirement.
The investments that are right for you depend very much on your financial circumstances and what you want from your retirement.
A typical retirement investment may include:
- Some growth assets (such as Australian and overseas shares) to help maintain some level of growth in your portfolio
- A relatively higher allocation to income assets (such as cash and fixed interest), to help to protect your portfolio against the impacts of volatility, so you can continue to draw a steady income to help fund your retirement.
You don’t have to make an investment choice for your Equip Super Retirement Income or Transition to Retirement Income account. If you don’t make an investment choice, we’ll automatically invest your account balance as follows*:
- in the Capital Stable investment option if you’re a Transition to Retirement Income account member
- in the MyPension strategy if you’re a Retirement Income account member.
These are ready-made portfolios of investments, selected by the experts, and managed by the experts on your behalf. Capital Stable is single investment option, whereas MyPension invests across three different investment options in varying proportions: Cash, Capital Stable and Growth.
* If you’re in the process of transferring out of an Equip Super Defined Benefit Plan, your transfer letter will explain how your new super account will be invested if you don’t make a choice. Contact us to learn more about your options.
Getting a little support and guidance from the experts can make a big difference when it comes to choosing the right products and investments for your next chapter, so you can make the move to retirement in the way you want to. Our qualified Financial Planners can help.
Calculators
Retirement lifestyle
Do you know how much you will need to maintain your lifestyle in retirement? Use this calculator to help you plan for retirement.
Retirement calculator
Our industry-leading retirement income calculator enables you to estimate your projected super balance and how long it may last in retirement.
Knowledge Hub
Learn about super contributions, retirement, investing and more through interactive modules.
Knowledge Hub
Learn about super contributions, retirement, investing and more through interactive modules.
Events
Attending a seminar or webinar is a great way to learn more about your super, and have your questions answered by industry professionals.
Events
Attending a seminar or webinar is a great way to learn more about your super, and have your questions answered by industry professionals.
Could you benefit from advice?
Whether you’re new to the workforce or already planning your next chapter in retirement, a qualified financial planner can help you get more from your super and prepare for retirement.
Retirement explained
Getting a little support and guidance from the experts can make a big difference when it comes to choosing the right products for your next chapter and helping you make the move to retirement in the way you want to. And our team is here to help.
Retirement process
Additional reading
Can I work part-time in retirement?
Retirement is changing. People are living longer, they’re remaining active, and they’re looking at ways to maintain their lifestyle. Increasingly, that means taking up some part-time work. Read More
How to keep active in Retirement
Everyone approaches retirement differently. But those early days as you transition from full-time work can be challenging, and it’s important to have a plan in place. Read More
Grey Nomads and the Age Pension
What are the Age Pension implications of hitting the open road, and how does Centrelink assess your payments when you’re away from home? Read MoreNeed assistance?
Contact our team for assistance.
