A retirement age does not exist. It is whenever you like and, most importantly, when you can afford it.
Putting yourself in a position to afford it can be difficult. The options are many, complex, and confusing. Age pensions should not be seen an income stream, and are subject to governmental changes and means tests. Plus, every investment and strategy comes with a risk.
“Potential retirees need to be armed with as much information as possible about how to fund their financial needs,” explains Basil La Brooy from the National Seniors Australia Financial Information Desk.