Moneysmart's guide to making financial decisions at retirement
|
Are you?
|
- A retired taxpayer or close to retirement?
|
|
At a glance:
|
- The ASIC's consumer information website, Moneysmart, has published a guide to help consumers make sound financial decisions at retirement.
|
|
You should:
|
- Understand what you need to consider to avoid making costly mistakes.
- Contact us if you require any clarification or advice.
|
- Moneysmart has released the guide 'Financial Decisions at Retirement' that clearly explains the financial choices available to people at retirement, including the benefits and drawbacks of each retirement income option and investment decision.
- Moneysmart's guide to financial decisions at retirement covers the following tips, including:
· When and under what circumstances you can access your superannuation;
· How much money you will need for your retirement;
· How you can use your super when you move back to part-time work;
· The pros and cons of withdrawing superannuation as a lump sum or income stream;
· How low-tax retirement income streams work; and
· Risky or more complex investment strategies consumers may want to think twice about.
- In addition to the guide, Moneysmart has also released the upgraded 'Moneysmart Retirement Planner' to assist people in calculating their retirement savings and ways to increase it.
- Moneysmart's guide to super decisions is available here, while the retirement planner can be accessed here.
|
Remember:
|
- The tips contained in the guide can save you a lot of money at retirement.
|