Milestone birthdays are definitely ones to celebrate. Hopefully you are at a stage where any ‘have tos’ of work, mortgage and parenting are reducing and the ‘get tos’ of travel, social events and fun hobbies are on the increase. Yes, there are always responsibilities whatever your age, but research suggests that those aged 60 and over have higher levels of contentment than younger generations.
Turning 60 is also a pivotal point in your retirement journey. As is turning 66, the year before you can apply for an Age Pension. In this first of a two-part series, we run through the key decisions you will need to make. Forward planning can be the critical success factor for stable retirement income. Knowing what’s ahead as you reach 60 will enable you to use the many rules of retirement income to your own best advantage.