Blog

Retirement Planning – 5 Practical Steps

Whether you're nearing retirement or you have already stopped working, strategic planning can help you retire with some confidence. Active Super financial planner Matthew Hoang explains.

Be kind to your future self

Science may help support your savings journey to help you live your best life in retirement.

Time to get your super house in order

As we are now in a new financial year, this could be the time to start thinking about making the most of your super.

What Happens to Your Super When You Die?

The average superannuation balance sits around $147,000, yet many Australians are unaware of the importance of nominating an eligible beneficiary to ensure their super goes to the intended recipients.

WOMEN AND SUPER

Research shows the odds are stacked against Australian women when it comes to saving for retirement. But there are ways for women to narrow the gap. Start by getting active with your super.

A Super Start to 2023

If the holidays had you dreaming about retirement, now may be the right time to step up your rate of saving. After all, the sooner you start putting your hard-earned cash to work, the quicker you’ll achieve your retirement goals.

Market volatility and super

The recent market volatility will likely persist as the world adjusts to changing economic and geopolitical situations. Dean Godbee, one of Active Super’s financial planners, has a few strategies to consider to help manage your super.

Super Summer

If you’re lucky enough to have a few days relaxing at the beach or beside the pool this summer, it may be worth using that downtime to think about ways to supercharge your retirement savings.

Insurance in Super

We’ve made it easier to increase your level of insurance after a ‘life event’ – such as buying a home, getting married, having a child or losing a partner.

Cyber safety

Australians lost around $2 billion in scams in 2021 and that figure is likely to continue to grow. Find out about ways to help protect your privacy and finances.

Downsizer contributions

Anyone thinking about downsizing to a smaller property may want to examine the downsizer super scheme as a way to fulfil their retirement goals.

Retirees in Focus

After spending years building up super accounts, many Australians face the dilemma of what to do once they retire. Super funds now have to start devising strategies that balance the objectives of maximising income, managing risks and allowing flexible access to funds in retirement.

Super is for the long term

While financial markets remain unsettled as the era of ultra-low interest rates has come to an end, it is important to remember that superannuation is a long-term investment.

Super in retirement

Reaching retirement age does not mark the end of the road for superannuation. In fact, it opens a new world of opportunities. Without the security of a regular salary, it is vital to understand how super can provide a financial safety net during retirement years.

Supercharge your super

One of the easiest and most effective ways to reduce personal income tax paid is to contribute to super.

WINDING UP YOUR SMSF

If you have a self-managed super fund (SMSF), there are several different reasons why you may consider winding it up.

Wealth in retirement

Here are a few easy steps that can be taken to help achieve key financial objectives in preparation for retirement.

Super changes July 1

On July 1, there will be some significant changes to superannuation that may impact you.

Retirement expenses

It’s no secret Australians are living longer, which means more time to enjoy family and leisure, and increasingly, more expenses to consider in retirement.

Super milestones

The way we approach super in our early working lives is likely to be different to the way we engage with it in our 50s. Here are a few ways to think about each milestone decade.

Renting in retirement

The prospect of a generation of Australians entering retirement while still renting raises serious questions about what it will mean for these people and their superannuation needs.

Super boost for 300,000 workers

Low-income earners and women will be the main beneficiaries after a minimum salary threshold for receiving superannuation was abolished.

Planning for Pre-Retirement

Dean Godbee, Financial Planner, has some strategies to help boost your super balance in the lead up to retirement.

Stapling

From the start of November, new superannuation regulations will come into force that will change what happens with your super when you move jobs.

The power of compound interest

Small but early contributions to super can result in significant retirement balances, largely thanks to the power of compound interest.

What are unit prices?

Over short periods of time, your investments can go up and down, and it’s hard not to feel nervous during a downswing.