Hi LL
I retired myself at 55 and am living quite comfortably
from/off my super for the last 6 years . Now at 61 I can get all my super pension tax free , (thank you Mr Costello )
Before I retired I went and visited all my retired mates to see how I would cope financially as well as mentally and socially etc...all had different views and outlooks and activities etc , so no real value there .
The trick is , if you are happy doing what you do with
minimal fuss then work as per normal , you have peace of mind that if everything turns up pear shaped , you can move on somewhere else or retire , YOU have that peace of mind.
Before I retired I educated myself attending super forums
and researching articles as well as super organisations and the ato etc as well as so called financial gurus and accountant etc..
I had money going each which way and that from my super fund b4 and during retirement to attract tax breaks etc .
I applaud you having your own SMSF super , you have all the skills to run it and I'd say when you convert it into a pension phase you will have all the skills to administer it to with your usual help.
My advice , do some research , put more money into your super fund , both taxed and taxed ( deduction claims if you can ) , salary sacrifice etc , keep your money away from financial advisers , whatever you are doing now with your super WORKS and it will work with your allocated pension administration ,ie YOU...
7 years b4 I retired I re-invented myself about 5 times not only in my financial outlook but my inner personae
, I then felt good about retiring .
About six months after I retired I felt something was amiss medically , I had extensive tests for the usual suspects but I came up trumps . Then it dawned on me ,
it was all those years of stress from all the politics ,
a few incalcitrant workmates and clients and actual LIFE making decisions leaving my body , I physically felt it.
To recap , you are doing an excellent job now and you will in the future , your future finances are set up , look after yourself health wise and don't stress out too much , you are in an enviable position whereas you have peace of mind . Don't be scared retirement is easy , you've done well
cheers Baxter
p.s see if you can get into a seminar with AGEST or Aust super ..or look at their websites for info , not that you have to go with them but they are non profit organisations as such so the advice contains little of the hitches and money grubbing etc , also have a gander at the ato website and a talk with your accountant....
- Forums
- General
- living off super
Hi LL I retired myself at 55 and am living quite...
Featured News
Featured News
The Watchlist
AGC
AUSTRALIAN GOLD AND COPPER LTD
Glen Diemar, MD
Glen Diemar
MD
SPONSORED BY The Market Online