Have you read this piece from Starts @ 60? It’s called Understanding Your Options to Maximize Your Retirement Income and we thought it would be awesome to share here.
It has some interesting ideas for retirement planning. This one’s particularly thought-provoking:
A transition-to-retirement (TTR) pension can be a tax-effective way of cutting back on your work hours while keeping the same take-home pay. In brief, it works by permitting you to make drawdowns from your super to top up your employment income, but there are restrictions around the age at which you can begin a TTR and the sums you can draw down.
The rest of the article has more to offer so check it out in full at the website linked below…