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.
Looking ahead to your next chapter
Planning for tomorrow starts today
When planning your retirement, one of the first decisions you’re likely to make is whether to retire fully, or instead make a gradual transition to retirement by reducing your working hours. It’s also an important opportunity to take stock of your super investments, and consider how they’ll need to be structured to best support your goals and lifestyle in retirement.
Understanding what’s right for you
This page provides information and key considerations for those who are approaching retirement. But keep in mind that it’s general information only. Exactly which investments and which approach is right for you will depend on your own circumstances and the goals you have for your money and your lifestyle in retirement. For information that’s tailored to your own financial circumstances and objectives, and to plan for your next chapter with confidence, consider getting qualified financial advice.
Flexible account options for your next chapter
Whether you’re wanting to make a gradual transition to retirement, or you’re ready to retire fully – we’ve got a retirement income product to help you retire your way, and retire well.
How long you’re likely to be invested is always a critical factor in helping to determine which investments are right for you. And it’s just as important as you’re approaching retirement. Your retirement years could last for 20-30 years or more, and in investment terms, that’s still quite a long time horizon.
As you near retirement, your investment objectives may start to shift. In your younger years the main aim of your super was more likely to be accumulation-focussed – save as much as you can and maximise your investment’s potential for growth.
But while growing your investment is generally still important as you approach retirement, it may also be increasingly important to reduce the level of risk in your portfolio to help shield your savings from volatility. That’s because you’ll be relying on your savings to help fund your lifestyle throughout retirement (or supplement any income you receive through the Age Pension).
A typical investment portfolio as you’re nearing retirement and preparing to reduce your working hours may include a combination of:
- growth assets (such as Australian and Overseas shares) to help your super continue to grow, and
- income producing defensive assets (such as fixed interest investments and cash), to help shield your savings from volatility.
As part of your overall retirement preparation, it’s a good idea to take a look at the way your super is invested, and your future goals for your retirement, and assess whether you need to make any changes to your investments.
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 Equip Super 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 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.
Try these 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.
Our advice process
Learn more about our advice process and how it can help you reach your financial goals.
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
Articles
Retirement income explained
Building up a healthy superannuation balance is important, but how you access and invest your money in retirement will determine how long it lasts. Read more
How much super do you need to retire?
A combination of your super, the Age Pension, and other investments can work together to provide you with a retirement income that maximises your government entitlements and meets your needs. Read more
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 moreNeed assistance?
Contact our team for assistance.
