Style Magazine - - Careers -

Ah­hhh …. re­tire­ment. Surely, it’s what we’re all wait­ing for. Sleep-ins, hang­ing with friends at the club, vol­un­teer­ing, trav­el­ling, hob­bies and maybe even a sea-change or two.

If you re­ally want to en­joy your re­tire­ment you have to start plan­ning at around age 55. There’s no easy way to put this — it’s go­ing to re­quire re­search, knowl­edge, strat­egy and a dash of rat-cun­ning.


So you want to swan about in the man­ner to which you are ac­cus­tomed — with­out hav­ing a job? Go see an in­de­pen­dent fi­nan­cial ad­vi­sor. Hon­estly, a good fi­nan­cial ad­vi­sor is go­ing to be a god­send in that foul abyss of tax, su­per­an­nu­a­tion and in­vest­ments.

Be wary of chil­dren with early in­her­i­tance ten­den­cies. Let them be­lieve you are very, very poor.

Don’t rely on the pen­sion. El­i­gi­ble peo­ple need to be 65.5 be­fore they can ap­ply for the old age pen­sion and that age will rise to 67 in 2023 and 70 by 2035.


Have as many treat­ments and pro­ce­dures while you are still earn­ing and while you are deemed young enough to make a good re­cov­ery. Pre­ven­tion is the key here and the more health is­sues you pre­vent, the bet­ter. Oh, and for good­ness sakes, stop smok­ing. Cut back on al­co­hol and soft drinks and stick to a healthy weight range. Sorry — but re­tire­ment is not the time to be self-in­dul­gent. And you were so look­ing for­ward to it too weren’t you.


Your home is your most im­por­tant tax-free in­vest­ment. So where do you want to live? Do you want to hang on to the fam­ily home at all costs, scuf­fling through all those empty rooms? Or maybe you’d like to down­size to a dif­fer­ent lo­ca­tion al­to­gether? Run-away from home al­to­gether? There are many de­ci­sions to make and only you know what is right for you.


Make a will. Just do it.

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