What does retirement risk look like to you?
For Rob, it means running out of his super savings well before his 80s.
For Ian, it means having unexpected expenses and being unable to meet them.
For Linda it means watching her hard-won savings being eroded by the rising cost-of-living.
In the case of planning extended travel, understanding how this might affect your Centrelink situation is really important, even more so if you wish to travel overseas for more than six weeks.
This is the second part of a two-part article which defines the key decisions you will face as you move through your 60s. Last week Gary pointed out that 65 is not Age Pension age – he is, of course, correct – but we are recommending you consider key trigger points in retirement at least a year or two in advance so that you have time to maximise the outcome. Change is inevitable in our lives. Most of us feel better if we seize control and enjoy the upsides of change rather than just have it happen to us. This is particularly apposite when it comes to retirement income. It’s both possible, and powerful to plan ahead, putting things in place so that you retain as much control as possible.