Start an enjoyable retirement life

It's a new life after you retire.

All this is well and good if everything has gone to plan during your working years but life has many twists and turns and no matter what your intentions were at any specific time in your life many of us fall through the little traps that can change the picture completely.

This doesn't mean you can't still enjoy your retirement, you can, as long as you don't take any overwhelming debts into retirement with you. If it looks like this might be the case start selling off your assets before the big day comes so that when you get out of bed the morning after and have no job to go to, no creditors will be chasing you for anything.

Rates last updated December 16th, 2017
Details Features
AustralianSuper
AustralianSuper
  • Admin fee:$78 p.a. + investment fee of 0.75% p.a. (Balanced option)
  • Past 3-year return: +9.23% (Balanced option)
  • Automatic cover: Death and Total and Permanent Disablement insurance
  • Choose from 8 investment options
  • Mobile app available
  • MySuper product available
  • Access education tools and programs
Go to site More info
Essential Super
Essential Super
  • Admin fee: $70.56 + combined investment and admin fee of 0.80% (Lifestage option)
  • Past 3-year return: +5.75% (Balanced option)
  • Automatic cover: Death and Total and Permanent Disablement insurance
  • Choose from four investment options available
  • Manage your account in NetBank
  • Switch investments at any time
  • Consolidate super funds online
Go to site More info
HESTA Super
HESTA Super
  • Admin fee: $65 p.a + 0.08% of balance + annual investment fee of 0.81% p.a (MySuper)
  • Past 3-year return:+7.95% (MySuper)
  • Automatic cover: Death and income protection cover.
  • Choose from up to 11 investment options
  • No setup or exit fees
  • Industry fund so no commissions paid
  • Consolidate your super online
Go to site More info
ING Living Super
ING Living Super
  • Admin fee: $60 p.a. + 0.64% of balance and investment fee of 0.25% p.a. (Growth option)
  • Past 3-year return: +7.26% (Growth option)
  • Automatic cover: Automatic Death and Total and Permanent Disablement insurance
  • Choose from four investment options
  • Invest in other Living Super investment classes
  • Earn interest on your SMSF balance
Go to site More info
Virgin Money Super
Virgin Money Super
  • Admin fee: $58 p.a. + 0.394% of balance and investment fee of 0.116% p.a (LifeStage Tracker)
  • Past 3-year return: not yet available
  • Automatic cover: Death and Total and Permanent Disablement insurance
  • Choose from eight investment options
  • Consolidate super from your online account
  • Apply online in less than 5 minutes
  • Virgin Money will reward you with Velocity Points
    for contributions (Eligibility criteria + T&C's apply)
Go to site More info
Grow Super
Grow Super
  • Admin fee: 0.95% p.a + $1.65per week
  • Past 3-year return: N/A as GROW Super is a new provider
  • Automatic cover: Automatic Death and Total and Permanent Disablement insurance
  • Choose from up to 8 investment options
  • Invest your spare change with the top-up feature
  • Consolidate your super online or via mobile app
  • Customise + self-select insurance cover
Go to site More info
  • A sizable retirement fund is not necessarily the most important thing

    Even if you haven't got any sizable amount of superannuation to look forward to you will be eligible for the aged pension and if you are willing to supplement this with a couple of days work a week your life can still be quite enjoyable. As it was when you were working, a budget in your retirement years can prove to be invaluable. The purpose of living to a budget is to make sure, at all times, that you are still bringing in more money each fortnight than what you spend. Keep doing this and you will be surprised how free retirement can really be. When you reach retirement age and you become eligible for the pension you will also be eligible for discounts on public transport, attendance at movie theatres, concerts, sporting events, some tourist attractions, concerts and different exhibitions.

  • Stay healthy, active and alert

    An important thing to keep in mind when you do finally reach retirement age is to keep both your mind and body active. It is vitally important to keep active in some sphere. If you have certain skills in any area exploit these skills by either mentoring or taking part in consultancy work. Whatever you do don't give up on life and start believing you have nothing to contribute anymore. You always will have something to offer to some degree so make the best use of what you have and earn money with it. Whether you like it or not, it is a fact that we all need money to be able to partake fully in today's society. When you retire you will still have to pay your way in many regards but you can make this enjoyable. You won't have to do anything you don't like doing as you will finally be independent. However, if you are still able to contribute in some way, do so and don't hold back. It will give you a reason to get out of bed in the morning and you will one day come to realise that this is one of the pleasures in life, the simple act of getting out of bed each day.

Some tips on making your retirement years enjoyable can include the following:

  • Plan your retirement before you get to experience it. The day after you retire have something to replace the void you could otherwise find yourself in. Take up golf if you feel the urge, have a go at mentoring or consultancy work in your area of expertise, do some work for a charity, the secret is in having another life to replace the one you just left.
  • Join a club to find new friends to replace workmates. You will find many other people in the same position as yourself, start enjoying their company.
  • Take time out for a few weeks or months and travel. Enjoy visiting other states and hit the bitumen. There are a lot of grey nomads out there doing just this and they all look forward to meeting you on the road. Some even sell their homes and live in mobile luxury.

Learn more about LifeTime Financial Group

Harry Page

Harry Page is currently working for finder.com.au as an investments and banking writer. He was previously a journalist with Financial Standard and covered a wide range of subjects including investments, financial planning, executive appointments and technology.

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