Retirement is one of the most significant milestones in our lives, representing the culmination of years of hard work and dedication to a career. To ensure you're as prepared as you can be for a fulfilling retirement, consider these six tips for retirement wellbeing.
Retirement is one of the most significant milestones in our lives, representing the culmination of years of hard work and dedication to a career. It's a time when we can finally kick back, relax, and enjoy the fruits of our labour.
But for many Australians, the prospect of retirement can be both exciting and daunting. Questions about financial security, health, and how to make the most of this new chapter in life, often loom large.
To ensure you're as prepared as you can be for a fulfilling retirement, consider these six tips for retirement wellbeing.
Financial security is one of the fundamentals of a happy retirement. To ensure you have the means to enjoy your post-working years, it's wise to plan your finances well in advance.
Here are some key steps to consider:
Your health is your most valuable asset in retirement, so taking steps to maintain and improve it should be a top priority. Here are some ways to ensure your retirement years are as healthy as possible:
Housing is a significant consideration in retirement planning. Whether you choose to stay in your current home, downsize, swap city for country, move interstate or overseas, or explore retirement communities, your living situation can impact your overall wellbeing.
We tend to crave peace and tranquility as we age. Not having to go into work may mean that you no longer need to live in or near a city and can move to a more rural location if you prefer to be closer to nature. Here are a few ideas to consider around your future living arrangements:
Retirement isn't just about resting and relaxing; it's also an opportunity to pursue hobbies, interests, and passions that you may not have had much time for during your working years.
Engaging in the following meaningful activities can bring joy and purpose to your retirement:
Your retirement lifestyle will be unique to you, but it's important to create a schedule that works and continues to give you fulfilment. Here are a few considerations:
Navigating retirement can be complex but you don't have to do it alone. Seeking professional guidance can provide you with valuable insights and peace of mind. Consider consulting with:
Retirement is a significant life transition that requires careful planning and consideration. By taking these six tips for retirement wellbeing into account, you can set yourself up for a fulfilling and prosperous retirement.
Remember that the key to a successful retirement is not just financial security but also physical and emotional wellbeing.
Start planning today to ensure you're retirement ready when the time comes.
This article is issued by OnePath Funds Management Limited (ABN 21 003 002 800, AFSL 238342), and OnePath Custodians Pty Limited (OPC) (ABN 12 008 508 496, AFSL 238346, RSE L0000673) as the trustee of the Retirement Portfolio Service (ABN 61 808 189 263) and the product issuer. OnePath Funds Management and OnePath Custodians are part of the Insignia Financial group of companies, consisting of Insignia Financial Limited ABN 49 100 103 722 and its related bodies corporate (Insignia Financial Group).
You should read the relevant Financial Services Guide (FSG), Product Disclosure Statement (PDS), Target Market Determination (TMD), Additional Information Guide (AIG), Investment Funds Guide (IFG), and product and other updates (for open and closed products) available at onepath.com.au and consider whether OnePath products are right for you before making a decision to acquire, or to continue to hold any OnePath product. Alternatively, you can request a copy of this information by calling Customer Services on 133 665.
Taxation law is complex, and this information has been prepared as a guide only and does not represent taxation advice. Please see your tax adviser for independent taxation advice.
Before re-directing your super or moving your money into your product, you will need to consider whether there are any adverse consequences for you, including loss of benefits (e.g. insurance cover), investment options and performance, functionality, increase in investment risks and where your future employer contributions will be paid. Any investment is subject to investment risk, including possible repayment delays and loss of income and principal invested. Returns can go up and down. Past performance is not indicative of future performance.
The information provided is of a general nature and does not take into account your personal needs, financial circumstances or objectives. Before acting on this information, you should consider the appropriateness of the information, having regard to your needs, financial circumstances or objectives. The case studies used in the articles on this website are hypothetical and are not meant to illustrate the circumstances of any particular individual. Opinions expressed in this document are those of the authors only.