Planning can make a real difference to your retirement
It can be difficult to know where to start with the amount of information out there. We’re here to help you along the way as you take the next steps into retirement.
We’ve put together the list below to help you understand your retirement options and make the planning process a little easier. We’ve included some important steps and some helpful tools and resources.
The basics of planning for retirement include similar tasks to any other financial decision in your life. Here are some important steps to setting up your retirement plan:
Set some financial goals
Start by asking yourself a few questions. How long might you need your retirement savings to last? How much super will you need? What will your expenses be and what’s on your wish list? Are you eligible to receive money from the Government.
Boost your super
We’ve dedicated a whole section on how to boost your super before you retire. Go to the Boost your super section to read more on contributing to super. You can make before or after tax contributions depending on what’s best for your situation.
It’s also important to check you have combined your super accounts. Your money can work harder in one account as you’ll be saving on paying multiple sets of fees. For more information, refer to Combine your super.
If you’ve reached preservation age, you can open a MTAA Super Transition to Retirement or MTAA Super Pension account to help grow your savings while you’re still working. You can:
access your super early
save tax, and
grow your super.
We have a number of advice options to suit your needs. To find out which option might suit you, refer to Get financial advice.
We also regularly host retirement planning workshops in a range of locations. The sessions run for around two hours and there’s no cost to attend.