The idea of retirement as one long holiday sounds attractive, but the reality may not quite measure up. It can be quite an adjustment, for yourself and for other family members, and there's more than finances to think about. One common way to approach this is to transition from full time work to part time work before full time retirement, and this is encouraged by tax regulation and super rules. Others may change jobs, start a new career as a volunteer, enrol in a course, take up new hobbies or interests or even start a new business.
The MoneySmart website has some good advice on what to expect and how to plan for a happy and healthy transition to retirement, such as a trial retirement period using long service leave. And of course they also have some good tips to make sure you are aware of all the government benefits which may apply too. They counsel:
"It's normal to find the transition from work to retirement quite challenging. Many people feel lost after they stop work and wonder what to do with all the 'spare' time they now have. After a few months of being footloose and work-free, you might feel a bit listless, even depressed. If you and your partner are both retired, you might find yourselves spending more time together than ever before - for better or worse. Taking up some separate activities can be a healthy way of giving each other some breathing space."
Find out more on the MoneySmart website.
Adjusting to Retirement
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Goverment Links
- Australian Government aged pension.
- Government rent assistance.
- Aged care assessment team
- In home support.
- Carer allowance
- Australian Aged Care Quality Agency
- Application of early release of superannuation benefit
Other Helpful Links
- National Seniors Australia
An independent voice for the over 50's. - CPSA
Combined Pensioners and Superannuants' Association. - COTA
Independent consumer organisation for older Australians. - ASIC MoneySmart
Financial guidance and handy calculators. - Seniors Rights Service
Community legal centre for older people. - Welfare Rights Service
Advice and advocacy regarding social security benefits. - Carers Australia
Supporting family carers. - Retirement Village Residents' Association
Representing residents' interests. - Association of Residents of QLD Retirement Villages.
Advocacy for the rights of retirement village residents. - QADA
Queensland Aged and Disability Advocacy. - Tenancy Advice and Advocacy - NSW.
Advice and assistance for NSW tenants. - Residential Tenancies Authority - QLD
Tenant information and enquiries. - NSW Seniors Information Service
Helpline, information, concessions. - Seniors Enquiry Line - QLD.
Helpline, information and referral service.
Partner Links
Downsize with Style :
Mitula: Online classifieds - homes, cars, jobs.
Nestoria: worldwide real estate.
MillionDollarVillas: worldwide luxury real estate
Allen Court Retirement Village VIC
Tranquil Waters Retirement Village QLD
Caroline Chisholm Retirement Village NSW
Baldwin Care Group NSW & TAS
Riverside Gardens Over 55's Community NSW
Turramurra North Real Estate NSW
Retire Australia Retirement Villages NSW, QLD, SA
Bougainvillea NSW
Thinking of selling (or renting out) YOUR property?
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Senior Flatmates
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