So you're thinking about retiring?
Have you been researching those articles which tell you how much you need to live comfortably in retirement?
What is a comfortable lifestyle in retirement?
Do I get CentreLink assistance? What about a Health Card?
How long will my money last?
Rest assured, these questions are front of mind here at OnTrack Wealth. There are many income sources available to you in retirement, including
Income from super – called an Account Based Pension (or annuity, or Allocated Pension, or Income Stream). See – it’s very confusing!
- Investments outside super
- Part-time employment – and does this affect my pension?
- Age Pension – What are Assets Test, Income Test, Deeming Provisions, Gifting?
- Home equity release – like Reverse Mortgages, or Home Reversion Schemes
Planning for retirement is very important – after all, once retired, you need to make sure that your money lasts – ie make sure your money lasts longer than you do, and live your dreams along the way.
If you want to know more, contact us at OnTrack Wealth and we will talk you through the many options available to you. We will discuss implications for CentreLink, income strategies and ensure that you have peace of mind in retirement.