Rethinking your retirement plan
Having a financial plan will help keep you on the right track to achieving the lifestyle you want, but it's only part of the puzzle when it comes to achieving a successful retirement. Knowing and planning how you will spend this next phase of your life is a key element to ensuring you set yourself up for a fulfilling, rewarding retirement.
It's easy to get carried away with thoughts of relocating to the coast, forgetting that this may mean moving away from your family, friends and community roots. If you haven't planned and fully thought through this so-called 'dream move', it can lead to feelings of isolation and loneliness when the novelty and excitement wears off.
Remember, many of us will probably be retired for more than 25 years and that's a lot of time to fill. So think about what's important to you and what you want to do with your time. You may want to travel or spend more time with your family. You might be considering playing a greater role in your local community, which can bring about a great sense of personal fulfilment, purpose and belonging. A good starting point is to check out your local charity groups – they are always looking for volunteers, and can open up a whole new avenue of friendships.
Whatever your dreams are, make sure you have a personal plan as well as financial plan, to help you transition from working life to a long and successful life in retirement.
To find out more, call StatePlus on 1800 620 305 or visit www.stateplus.com.au.
Note: State Super Financial Services Australia Limited, trading as StatePlus, is the holder of an Australian Financial Services Licence 238430, ABN 86 003 742 756. StatePlus is a ‘for profit’ financial services organisation which also provides financial planning advice. As of 6 June 2016, StatePlus is wholly owned by FSS Trustee Corporation (ABN 11 118 202 672 and AFSL 293340) as trustee of the First State Superannuation Scheme (ABN 53 226 460 365). StatePlus has its own Board and Management team. State Super does not pay any fees to StatePlus for the financial advice and member seminar services it provides to State Super members. State Super is not a representative of StatePlus and receives no commission when making referrals to StatePlus for financial planning services. Neither State Super nor the New South Wales Government take any responsibility for the services offered by StatePlus, nor do they or StatePlus guarantee the performance of any service or product provided by StatePlus.
