Retirement Life

Placeholder Content Image

"Prisoner in his own home": Veteran's battle for freedom

<p>An Aussie veteran is battling for his freedom after being stuck in his apartment for over a year. </p> <p>Eric Bouvier, a 92-year-old veteran, wants nothing more than to sit outside in the sun without having to rely on others. </p> <p>Despite being in a wheelchair, Eric is capable of getting himself around. </p> <p>The only problem is, he lives on the third floor of an apartment block in the eastern Sydney suburb of Maroubra, which doesn't have lift access. </p> <p>After serving in World War II, the Department of Veteran Affairs stepped in and purchased him a chairlift, saying they would also pay for the installation in his home unit block.</p> <p>But well over a year after its approval, it still sits in a box waiting to be installed.</p> <p>"He is a prisoner in his own home," Jason, Eric's carer, told <a href="https://9now.nine.com.au/a-current-affair/sydney-war-veterans-battle-with-body-corporate-over-chairlift-installation-inaction/dd3d3f4f-c54b-4859-bbab-ff578e48d977" target="_blank" rel="noopener"><em>A Current Affair</em></a>.</p> <p>"Eric and I have asked the body corporate to put the chairlift in, but discussions are still going on and meanwhile Eric is stuck inside."</p> <p>"I've been trapped inside my home now for nearly 18 months," Eric said.</p> <p>The problem is the building's 1960s internal hand-railing is not to standard and needs to be replaced at the body corporate's expense before the chairlift can be installed.</p> <p>The building's body corporate have been getting quotes and debating the price of the renovations for well over 12 months. </p> <p>"It's my home and I have no rights," said Bouvier, who has now engaged a lawyer to battle the body corporate and get freedom.</p> <p>"It's everyone's legal right to access their home and if a hand railing needs to be installed, it should be done immediately," Amanda Farmer, Bouvier's Strata property lawyer said.</p> <p>Eric is continuing to wait patiently inside his home until the day his chairlift gets installed.</p> <p>"I may have lost my freedom for now, but at least I can still smile," he said.</p> <p><em>Image credits: A Current Affair</em></p>

Retirement Life

Placeholder Content Image

Retired Aussies urged not to sit on their savings

<p dir="ltr">Retired Australians have been urged to spend their money rather than sit there worrying about it. </p> <p dir="ltr">Super Consumers Australia, a non-government organisation, found that older citizens have “grossly inflated ideas” about how much money is needed to retire.</p> <p dir="ltr">The organisation’s director Xavier O’Halloran explained that many retirees spent more time saving money, which saw them have a lower standard of living. </p> <p dir="ltr">“For many Australians, the pension is their main source of income in retirement, but it’s often overlooked,” he told <a href="https://www.heraldsun.com.au/lifestyle/smart/retirements-squirrel-effect-why-hoarding-money-is-unnecessary/news-story/ddcb0e7d4f102047e7cb9faf8d941081" target="_blank" rel="noopener">The Herald Sun</a>.</p> <p dir="ltr">“ASIC’s Moneysmart has a useful retirement planner calculator that shows how much income you’re on track to receive in retirement from both your super and the age pension.”</p> <p dir="ltr">Financial strategist Theo Marinis dubbed this the “squirrel effect”, whereby people hoard their money without spending it. </p> <p dir="ltr">“Invariably people pass away with lots of money because they were too scared to spend it,” he said. </p> <p dir="ltr">“You don’t want to be the richest person in the graveyard.”</p> <p dir="ltr">If you would like to know how much Australians need to retire read <a href="https://oversixty.com.au/lifestyle/retirement-life/how-much-do-australians-need-to-retire" target="_blank" rel="noopener">here</a>.</p> <p dir="ltr"><em>Image: Shutterstock </em></p>

Retirement Life

Placeholder Content Image

Readers respond: What responsibilities did you have at home when you were young?

<p>We asked our readers what responsibilities they had at home when they were young and the responses were nothing short of surprising. </p> <p>From looking after younger siblings to having dinner ready because both parents were at work, here are just some of your awesome responses.</p> <p>Bernadette Heckford - Everything as my mother had seven kids. Being the eldest girl you helped her do chores. Taught me how to care for my home.</p> <p>Denise McGoldrick - We lived on a farm so when we got home from school we had to feed the pigs, ducks and chooks, cut up wood for the combustion stove, usually just splinters until we were old enough to do the big stuff. Only when our chores were finished we were allowed to watch TV for an hour, then bath, dinner, washing dishes and bed at 7.30pm. Also had to keep our rooms tidy and make our beds before leaving for school and have our uniforms and shoes ready the night before. Our Dad was an Army man, so was big on preparation. Still got my clothes ready the night before, so I am not running late.</p> <p>Peggy Czajka Bowser - Both parents worked so I had to prepare and get dinner ready for mum to cook, look after my little brother, do my own washing from the age of 12 and sometimes wash the whole family’s washing on weekends as well. Shopping, ironing, cleaning the floors, cut grass, general everyday cleaning of my room and put up with three painful lazy brothers as well. </p> <p>Diane Jack - Collect the eggs, bring in the wood my brother had chopped, set the table and do my homework.</p> <p>Gill Holman - Youngest of five and we all had chores. My dad even taught my brothers to sew on buttons and darn socks which he had learned to do in the RAF. We all learnt skills for life.</p> <p>Charlie Hedges - Keeping my room clean, helping to clean all common rooms, laundry, ironing, setting the table for meals, clearing and washing dishes, tending to my younger sibs, lawn mowing and raking leaves in the fall, anything else my parents asked. Our "payment" for family chores was a roof over our heads, food, basic wardrobe. If we wanted more we needed to find gainful employment outside of home.</p> <p>Kaye Whitbread - Helping Mum in the house. I was the only girl. Brothers did nothing.</p> <p>Judy Bagatella - I was responsible for all my five brothers and sisters. Washing up, taking them to the park ect. My parents had to both work. I didn't mind at all. When I was 19 though I moved away.</p> <p>Georgina Johnson - Keeping our room tidy and clean, helping prepare meals, ironing, chopping wood, and anything else that mum needed help with around the place. Also mowing the lawns with a hand mower. </p> <p>Petra Harris - To begin with, mum and dad had a servo open from 6am for five to six days a week so after school I usually went home (I was around 12) and started the evening meal prep. Other times I learnt to pump petrol and to get pocket money to go to the pictures. I ran a carpark for patrons of the footy club across the road. Then the parents bought a coffee lounge so when not at school I worked there before and after school and Saturday mornings, no pay/pocket money. Then I decided I would like a job and earn real money and the oldies were not impressed. I didn't resent my parents because they taught me good work ethic.</p> <p>If you would like to share a memory of your own click <a href="https://www.facebook.com/oversixtys/posts/3349526351944294" target="_blank" rel="noopener">here</a>.</p> <p>Image: Shutterstock</p>

Retirement Life

Placeholder Content Image

"I'm not sure I will survive": Elderly woman's devastating cost of living confession

<p>An elderly woman has shared a devastating confession about her living costs, revealing she is struggling to survive as the cost of living continues to rise. </p> <p>Pat Isaacs, from the Central West town of Orange, says she is in a constant state of anxiety as she battles with rising prices while living on the Age Pension payments. </p> <p>The 78-year-old doesn't have any superannuation or investments and relies solely on the government payments of just $900 a fortnight. </p> <p>Pat lives on a vegetarian diet because she can't afford to buy meat, never buys new clothes, and luxury expenses such as alcohol and cigarettes are completely out of the question. </p> <p>As grocery prices have increased in recent months, she has struggled to stretch her money beyond the essentials. </p> <p>"Long term, I'm not sure I will survive," she said. </p> <p>"What would (Prime Minister) Scomo and his mates know about my reality? They get a third of my week's income for meal allowance each day."</p> <p>"They are so out of touch with real issues."</p> <p>Pat is not alone in her frustrations, as it is estimated 1.5 million older Australians rely on the age pension as their main source of income, which equates to just over $900 a fortnight for singles or just over $25,000 annually.</p> <p>Shockingly, new data from the Australian Bureau of Statistics (ABS) revealed countless pensioners have endured the highest annual increase in living costs in 16 years.</p> <p>Ian Henschke is the Chief Advocate for National Seniors, a not-for-profit organisation campaigning for better outcomes for older Australians, and is devoting his time to advocating for the needs of seniors on both a state and federal level. </p> <p>"We've got pensioners living in poverty and they are out of sight, out of mind," Henschke told <a href="https://www.9news.com.au/national/australian-pensioners-forced-into-poverty-as-inflation-soars/eacb55e7-4f62-4665-b34e-b562ab12c02f?ocid=Social-9News&amp;fbclid=IwAR3DznDLZMPhVUoRHix1GEGQfIWofQH4OKQwcRSp-YZzZ1VF7GmWCadaCO0" target="_blank" rel="nofollow noreferrer noopener">Nine News.</a></p> <p>"And no one is caring about it. The age pension is not adequate to provide for all Australians."</p> <p><em>Image credits: Daily Mail Australia / Getty Images</em></p>

Retirement Life

Placeholder Content Image

Readers respond: What advice did your grandparents give to you that you remember best?

<p dir="ltr">We asked our readers to think back to a time their grandparents gave them some of the best advice they still remember today. </p> <p dir="ltr">From looking for the good in everyone, tucking in your singlet, and never trusting your fart.</p> <p dir="ltr">Here are some of your answers.</p> <p dir="ltr">Peter Laing - My Gran had a saying: The wise old owl sat in the oak. The more he listened the less he spoke. The less he spoke the more he heard. We should all be like that wise old bird.</p> <p dir="ltr">Gail Keeb - My dad's mum always said "Spend less than you make!".</p> <p dir="ltr">Elsie Miller - If a job is worth doing, it is worth doing well.</p> <p dir="ltr">Kerri Anderson - My grandmother gave me two important pieces of advice on aging - never walk past a toilet and never trust a fart!</p> <p dir="ltr">Laraine Fields - My Nana told me that there was some good in everyone and to look for that.</p> <p dir="ltr">Janice Grove - If you cannot say anything nice, say nothing.</p> <p dir="ltr">Susan Buckett - Always wear clean underwear when you go out, in case you have an accident.</p> <p dir="ltr">Tracey Burns Kitchingham - Some things are better left unsaid…My grandmother was a very wise woman.</p> <p dir="ltr">Pam Leonard - Always leave a place better than the way you found it. No good being so heavenly good that you’re no earthly use.</p> <p dir="ltr">Kylie Jane McCauley - Always keep a little cash aside for a rainy day. You never know when a storm might blow in.</p> <p dir="ltr">Peter Hulthen - Respect your elders. Help the less fortunate.</p> <p dir="ltr">Sue Casey - Life is too long to be unhappy.</p> <p dir="ltr">To leave a memory of your own, or to check out more of the inspiring responses head <a href="https://www.facebook.com/oversixtys/posts/3348051982091731" target="_blank" rel="noopener">here</a>.</p> <p dir="ltr"><em>Image: Shutterstock</em></p>

Retirement Life

Placeholder Content Image

Readers respond: What is the best thing about growing older?

<p dir="ltr">We asked our readers to tell us the best thing about growing up and your responses were surprising. </p> <p dir="ltr">From simply being alive and healthy to see another day, to spending more time with the family and great grandchildren, here are just a few of your amazing responses.</p> <p dir="ltr">Barbara Damp - Not being worried about what other people think of you!</p> <p dir="ltr">Jennifer Waldron - Just waking up each day and knowing you are alive! Then enjoying that day.</p> <p dir="ltr">Bernadette Foley - Freedom to do what you want, freedom to spend quality time with family and friends and finally freedom to be happy with your life because of the choices you have made!!</p> <p dir="ltr">Jean Kavanagh - Experience, also at my nursing home, all meals provided, no dishes, feet up, even bed making, although I do my own washing, I also do mine.</p> <p dir="ltr">Susan Graham - Retrospectively every age is an adventurous journey that you just get better at navigating.</p> <p dir="ltr">Sherrill Fletcher Brock - Freedom to do as you choose.</p> <p dir="ltr">Narain Lodha - Old age is for relaxation, rest and retrospection.</p> <p dir="ltr">Thomas Gadsden - Maybe just being realistic, about the future!</p> <p dir="ltr">Johanna Shakes - Doing whatever you want and having the knowledge to do it!!!!</p> <p dir="ltr">Vanessa Maloy - Wearing sleeveless tops and dresses and not caring if my bat wings wobble or not wearing make up if I don't feel like it.</p> <p dir="ltr">To leave a memory of your own, or to check out more of the inspiring responses head <a href="https://www.facebook.com/oversixtys/posts/3342111996019063" target="_blank" rel="noopener">here</a>.</p> <p dir="ltr"><em>Image: Shutterstock</em></p>

Retirement Life

Placeholder Content Image

Readers Respond: What would you like your children and grandchildren to remember about you?

<p dir="ltr">We asked our readers to tell us what they want their children and grandchildren to remember most about them. </p> <p dir="ltr">From the unconditional love to the fun you had together as you grew up, here are some of your loveliest responses:</p> <p dir="ltr">Karen TeNyenhuis Rafael - That I loved them unconditionally, equally and always wished the best for them. </p> <p dir="ltr">Jan Hitch - That they were ALL my world, and I loved them, with all my heart.</p> <p dir="ltr">Caroline West - That I love them and always want the best for them.</p> <p dir="ltr">Janine Mason - All the wonderful times we have had together, and that I love them to the moon and back.</p> <p dir="ltr">Geraldine Robertson -I want them to know that I love them twice. Once for themselves and once for their connection to my children. That is mighty love.</p> <p dir="ltr">Kathleen Sheehan - That we had a world of fun and how our faces lit up when we saw each other.</p> <p dir="ltr">Chaz Gartrell - I want them to remember a strong, free minded, hard working woman who was there for them.</p> <p dir="ltr">Glenn Wilcox - That I’ll love them till the end, they fill a place in my heart that will always be full!</p> <p dir="ltr">Di Armstrong - I’m not perfect and whatever my mistakes were they were mine and I have always tried to do better. Also I love them, I may not be with them for all their lives but I will love them for the rest of mine.</p> <p dir="ltr">Zarka Pesa - That they brought so much joy into my life and that I not only loved them but was "in love " with them. Also that I wished they could be safe and protected throughout their life and to have a good life.</p> <p dir="ltr">To leave a memory of your own, or to check out more of the amazing responses head <a href="https://www.facebook.com/oversixtys/posts/3340803866149876" target="_blank" rel="noopener">here</a>.</p> <p dir="ltr"><em>Image: Shutterstock</em></p>

Retirement Life

Placeholder Content Image

Reader’s Respond: What’s different about growing up today from when you were growing up?

<p dir="ltr">We asked you to take a trip down memory and reminisce about what has changed since growing up. </p> <p dir="ltr">From walking to school alone to not having social media, neighbours being like family to the point of not having to lock your front door – here are just some of the amazing and touching memories you shared. </p> <p dir="ltr"><strong>Faye Birtwistle</strong> - Safety. We were able to walk to school safely. Doors were never locked, you were able to sleep out on the veranda, neighbours were like family, we were taught respect for parents teachers police and adults.</p> <p dir="ltr"><strong>John Barbuto</strong> - We were very lucky there was no unsocial media, we actually spoke to each other. </p> <p dir="ltr"><strong>Yvonne Vishnich</strong> - We had boundaries and rules to abide by, if we didn't conform there was a punishment, grounded or not allowed something that was wanted. Manners had to be used and no answering back.</p> <p dir="ltr"><strong>Marje Brugel </strong>- We weren't reliant on technology and the need to constantly communicate. We wrote letters by hand and we relied on our own ability rather than a calculator. If our parents said "No", we knew they meant it and stress-related illness was rarely heard of.</p> <p dir="ltr"><strong>Jenni Champion</strong> - We were safe playing outside, no mobile phones, no TV, radios and used our imagination.</p> <p dir="ltr"><strong>Christine Rennie</strong> - Family values. Spending time together and grandparents were a special part of the family unit...sadly not anymore.</p> <p dir="ltr"><strong>Carolyn Zillman</strong> - So much stress in children’s lives today. We just lived our lives really not knowing what was going on around us. We enjoyed being kids knowing our parents were looking after us. The pressure on children today is tremendous and everything is so expensive to be involved in.</p> <p dir="ltr"><strong>Joy Flint</strong> - We had so much freedom after school and enjoyed playing without TV or internet always obeyed parents and teachers. </p> <p dir="ltr"><strong>Samantha Elliott</strong> - I didn't get a phone until I was 11, we spent most days outside, played with our cousins and went swimming once a week.</p> <p dir="ltr"><strong>Sharon Hemus</strong> - We had freedom to be kids.</p> <p dir="ltr"><strong>Patricia Phillips-Johnson</strong> - Fewer choices, you ate at meals no matter what it was…no snacks, no screens, you wore what was on the chair…generally hand me downs.</p> <p dir="ltr"><strong>Sue Smith</strong> - We spent more time outside playing seeing friends.</p> <p dir="ltr"><em>Image: Shutterstock</em></p>

Retirement Life

Placeholder Content Image

The truth about becoming a foster carer while retired

<p dir="ltr">Foster care is something not many retirees think about or consider due to misunderstandings of how the system works. </p> <p dir="ltr">The rewarding potential of foster care for some of Australia’s most vulnerable kids and young people is endless and can easily fit into your lifestyle.  </p> <p dir="ltr">Susan Barton AM, Founder of Lighthouse Foundation, a Melbourne not-for-profit organisation, says the misconceptions about foster care needs to be cleared up. </p> <p dir="ltr">She spoke to <em>Over60</em> about the benefits and how to become a foster carer.</p> <p dir="ltr"><strong>What sort of support is available for those wanting to foster while retired?</strong></p> <p dir="ltr">I’m very proud of the support Lighthouse Foundation offers to our carers, including those who want to foster while retired. Our carers should never feel alone. There’s always a helping hand nearby or a sympathetic ear ready to listen at the end of the phone.</p> <p dir="ltr">All our carers can use our ‘Hub Home’ – a central place to access support and services for themselves and the children they look after. This ‘Hub Home’ unites foster carers in a local area and is a safe and warm place for children and families to receive therapeutic care and access trauma informed support and advice.</p> <p dir="ltr">As an organisation we place significant importance on the role of community and community support. By creating a central space through our ‘Hub Home’, our aim is to allow carers to develop friendships, build support systems, learn from one another, and interact with those going through the same experiences.</p> <p dir="ltr">The ‘Hub Home’ is also used for respite care. All carers need a break every now and again. A few days off, gives a foster carer the chance to recuperate and return well rested and ready to give their all to the role. In-home carers are another great support system offered by Lighthouse Foundation. This is where someone comes to your home and provides a helping hand - they can demonstrate, or explain, anything from the physical work requirements of the role, to how to go about caring for a young person, and how to respond to certain situations. And, we also have team of psychologists who are on hand for foster carers to lean on for support.</p> <p dir="ltr">We never want our carers to feel isolated or overwhelmed. We think of Lighthouse Foundation as an extended family and our aim is for everybody to feel loved and supported.</p> <p dir="ltr"><strong>How long is the process to become a foster carer when retired?</strong></p> <p dir="ltr">The process takes between six to 12 months – depending on the pace you set for yourself. As soon as you begin the process, you’ll be invited to access a number of support groups and training opportunities and receive regular contact from Lighthouse Foundation. So, while it takes time to become a qualified carer, you’ll feel included and part of the Lighthouse Foundation family almost instantly.</p> <p dir="ltr"><strong>How does the retiree benefit from foster care? </strong></p> <p dir="ltr">There are so many ways to benefit from fostering, and I speak from personal experience! As a carer you’re making a significant difference to the life of a young person but you’re also serving yourself by spending time with a younger generation. Being a positive presence in a young person’s life, especially one who’s had a difficult start to life, is a really beautiful thing and greatly enhances your own life experience. It gives you a greater perspective, a renewed purpose, a sharper focus and really shows how precious life is. It can be truly energising. There are endless ways in which you feel and experience life differently once you’ve fostered a young person. Of course, it’s not always easy, but retirees have so much life experience to share with young people and can be some of the best, most effective carers.</p> <p dir="ltr"><strong>How many different types of foster care are available? </strong></p> <p dir="ltr">Foster care is more varied than people believe.</p> <ul> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">Respite care is where a carer provides a child with regular and/or occasional time away from the primary carer so the primary carer can have a short period of restorative time. As a respite carer you might care for a child on the weekend, or for one week a month, or every couple of months.</p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">Emergency care, on the other hand, may occur in the event of a crisis where a child or sibling group require urgent overnight care. In this type of care, you may have the child for a few days or even a week, but the intended goal is to move the child to a more permanent carer.</p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">Short term care can last from a few weeks to months, with the intention of returning the child to their family of origin as quickly as possible.</p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">Finally, long term care, which is six months or longer, is where you really commit to becoming a stable, loving and nurturing influence in a young person’s life.</p> </li> </ul> <p dir="ltr">It’s possible for children to switch between foster care requirements and as you go through training to become a carer, you’ll discover what level of care you’re best suited to. We sometimes encourage new carers to dip their toe in the pool of foster care by starting with shorter placements. This helps carers gain experience before moving on to more permanent care and longer placements.</p> <p>Returning the young person to their family of origin is always the intended goal of foster care – this is something many people don’t realise. Sometimes this happens quickly, and other times children will be with a carer for much longer. As a carer you have agency to choose the type of care that works best for you.</p> <p><strong>How much time do you need to commit to foster care?</strong></p> <p>This varies depending on the type of foster care you decide works best for you. What’s most important is that you’re consistent and flexible in your commitment to caring for a young person.</p> <p>If you choose to become a respite carer, you’ll be paired with a child who you’ll see regularly and repetitively. You’ll become a part of that child’s support network, potentially seeing them once a month over two years, for example. While there’s no set amount of time you need to set aside to foster, carers must be reliable and committed to building both rapport and a long-term relationship with the child they care for.<br /><img src="https://oversixtydev.blob.core.windows.net/media/2022/04/Screen-Shot-2022-04-26-at-3.09.18-pm.png" alt="" width="964" height="1140" /><br /><strong>Will I be rejected as a carer because of my age?</strong></p> <p>I’m 75 and I’d still be considered as a carer so there really isn’t an age limit. Respite care is a great place to start as a retiree – and in some ways it’s a bit like having your grandkids for the weekend. </p> <p dir="ltr">You might find you have a lot of energy and resilience and that the experience is really rewarding. As a retiree you might also have a significant amount of time to commit and be able to offer a young person the long- term stability and relationship they so desperately require. </p> <p dir="ltr">Having an older respite carer is such an amazing opportunity for a young person too. For example, retirees will be able to offer time and support that other longer-term carers can’t. You might be able to guide a child through the process of looking for a job, completing a school project or mastering a hobby they love.</p> <p><strong>Can you foster a child if you’re single?</strong></p> <p>Of course! Your relationship status is part of the assessment when applying to become a carer, along with other factors like how resilient you are as a single parent, whether you’re financially stable and whether you live alone and attend work. Each child and carer will have varied individual needs, which we understand. We try and match you with a child whose requirements fit your lifestyle, and the special characteristics and life experience you have to offer.</p> <p><strong>Do you need a large home to be a foster carer?</strong></p> <p>A spare bedroom is (almost) all you need! We match you based on your individual situation. For example, if you’re really courageous and want to take on a sibling group of three or four children, of course we’d love you to have a fair bit of room. But if you’re caring for an individual young person, perhaps a teenager, who loves to spend time reading or on their computer, there’s less need for big open spaces for them to run around in.</p> <p dir="ltr"><strong>Can you back out of foster care if it’s not the right fit? </strong></p> <p dir="ltr">You can always change your mind. Foster care is a really rewarding experience for the right person, so we’d never put you or the child through something if it wasn’t quite right.</p> <p dir="ltr">We hope that by the time you’ve completed the training you’re well-resourced to make an informed decision about becoming a carer. We guide you along the way and can offer advice on what might fit best with your lifestyle.</p> <p dir="ltr">Even when you have a child in your care, there’s an option to finish your placement. Lighthouse will always support your decision and to help find solutions to challenging situations. We hate to lose loving carers, so we’ll encourage you to consider alternatives. Downshifting from full-time care, to respite care is not uncommon and can enable you to remain in a child’s life in a new capacity</p> <p dir="ltr"><strong>Can you foster a child on a single income or pension? </strong></p> <p dir="ltr">Yes! We’re not concerned about the amount of money you have but we will ask that you’re financially stable and able to meet the needs of the young person in your care. Carers do get a stipend to help support the needs of the young person too.</p> <p dir="ltr"><strong>Can you nominate the age of the child you’d like to foster? </strong></p> <p dir="ltr">You can put forward your preferences, and Lighthouse Foundation will try to match you accordingly. Maintaining flexibility and an open mind are key though. For example, you may have a preference for an older child, but some children are independent and capable beyond their years, and could make for a good match. </p> <p dir="ltr"><em>Image: Shutterstock</em></p>

Retirement Life

Placeholder Content Image

The best ways to adjust to life in retirement

<p dir="ltr">Retirement is what some of us have dreamt of for many years…or are still dreaming of. </p> <p dir="ltr">You finally have enough spare time to do whatever you want, you can go try out that cooking class or painting class you’ve always wanted to give a go…basically you have a lot of opportunities.</p> <p dir="ltr">But often with retirement, we lose our sense of identity and these psychological effects can take a toll on one trying to embrace their new lifestyle. </p> <p dir="ltr">Whether you were a chef, teacher, accountant, journalist - that’s in the past. </p> <p dir="ltr">When retired, there are a lot of emotions and unusual feelings one experiences. </p> <p dir="ltr">Below are five of the feelings you could experience while retired and how to adjust to them.</p> <ol> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation"><strong>Expect to go through stages of emotions</strong></p> </li> </ol> <p dir="ltr">That feeling of being on a never ending holiday became a bit of a novelty when retired. </p> <p dir="ltr">You begin to feel lost, bored, anxious and unsure of how to process this. </p> <p dir="ltr">However, one must embrace these emotions and find a way to deal with them either through walking, reading a book, meditating, yoga. </p> <ol start="2"> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation"><strong>Structure your day</strong></p> </li> </ol> <p dir="ltr">There is no more Monday to Friday 9-5 work now that you’re retired and this can throw off your whole routine out the window.</p> <p dir="ltr">It’s important to begin your new routine and stick to it. </p> <ol start="3"> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation"><strong>Set small goals</strong></p> </li> </ol> <p dir="ltr">Just like at work when you had goals to work toward, retirement doesn’t have to be any different.</p> <p dir="ltr">Have a goal of reading a certain amount of books by the end of the month, meeting new friends, or joining a sports club. </p> <ol start="4"> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation"><strong>Grow your friendship group</strong></p> </li> </ol> <p dir="ltr">That lovely person at the cafe you see every morning and want to talk to…why not finally speak to them and maybe you can have coffee together. </p> <p dir="ltr">Growing your friendship circle brings joy to one’s life and could be the beginning of even more friendships. </p> <ol start="5"> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation"><strong>Get a casual job</strong></p> </li> </ol> <p dir="ltr">No one really said you have to stop working while retired. Why not find yourself a casual job that will keep you busy here and there while making a bit of extra money on the side.</p> <p dir="ltr"><em>Image: Shutterstock</em></p>

Retirement Life

Placeholder Content Image

What the federal Budget does – and lacks – for retirees

<p> </p> <div title="Page 1"> <div> <div> <p>For Aussies currently saving for retirement, unpicking the Budget suggests a case of short-term gains but long-term pain.</p> <p>While the Budget included some soft support on the cost of living, it was very clearly an election budget – lots of short-term sweeteners that do little to address the underlying financial cavities.</p> <p>Here’s what it all means for retirees.</p> <p><strong>Pension numbers don’t add up </strong></p> <p><strong> </strong></p> <p>The ASFA Retirement Standard – used as a guide by <a href="https://moneysmart.gov.au/glossary/asfa-retirement-standard" target="_blank" rel="noopener">the government’s MoneySmart website</a> – states couples need at least $41,929 p.a. for a modest retirement; $64,771 for a comfortable one. Yet the maximum aged pension – including supplements – is only $38,708.80. A $3,220.20 shortfall.</p> <p>For singles, that gap is even worse. Income of $29,139 will fund a modest retirement; $45,962 a comfortable one. The maximum pension? Just $25,677.60 – $3,461.40 below the minimum needed.</p> <p>In that context, it’s difficult to see the value of the one-off $250 bonus for pensioners. That buys, for example, $20 in fuel each week for 3 months. And even with the temporary fuel excise cut, $20 doesn’t buy much.</p> <p><strong>Tricky tax offsets </strong></p> <p><strong> </strong></p> <p>In theory, offsets like the Low and Middle Income Tax Offset (LMITO) sound like a win. However, they aren’t so clear-cut.</p> <p>Think back to the last tranche of income tax offsets – lots of hype beforehand, but hardly anyone noticed a difference in their bank account.</p> <p>Politicians like to use big numbers, but they’re usually referencing the total saving over the forward estimates – or next 4 years – not necessarily what you will see this year.</p> <p>Incomes also change year-to-year, potentially shifting your tax bracket and hence your eligibility.</p> <p>Plus, you won’t see this latest offset until you lodge the current year’s tax return – at least 3 months from now.</p> <p><strong>Breaking or making barriers? </strong></p> <p><strong> </strong></p> <p>Some Budget measures sought to address issues inhibiting self-funded retirement – a great first step. What they lacked, though, was structural reform.</p> <p>Funding to support women escape domestic violence is a great example. Too many women face the choice between a life of poverty for themselves and their children if they flee, or a life of violence and the threat of death.</p> <p>But where exactly does that funding go? How many homes will it deliver? What programmes will it support? Are funds properly distributed between immediate support for vulnerable women and prevention strategies to stop violence occurring in the first place, such as education and mental health services?</p> </div> </div> </div> <div style="text-align: left;" title="Page 2"> <div style="text-align: left;"> <div style="text-align: left;"> <p>Similarly housing affordability support. For years, we have been warned of far-reaching impacts from unaffordable housing and declining home ownership rates:</p> <ul style="text-align: left;"> <li> <p>More people retiring with a mortgage and burning superannuation to pay it off.</p> </li> <li> <p>More retirees renting – constraining rental supply, inhibiting housing stability and restricting</p> <p>necessary home modifications.</p> </li> <li style="text-align: left;"> <p>Delayed wealth accrual for younger people.</p> </li> </ul> </div> </div> </div> <p>However, the Budget assistance for first home buyers and aspiring regional buyers who have not owned property within the past 5 years has stoked fears of further inflating house prices.</p> <p>Meanwhile independent financial advisers are disgruntled by the effects of industry regulation – soaring compliance costs are ballooning the price of professional advice, limiting access for lower income earners</p> <p><strong>Maximising retirement savings</strong></p> <p>But, it’s important to work with what we have.</p> <p>One positive change for pre-retirees actually introduced in last year’s Budget – which takes effect from 1 July this year – relates to downsizer super contributions. This little-known rule enables older people to contribute up to $300,000 ($600,000 per couple) from the proceeds of selling their home into super, without affecting contribution caps.</p> <p>The change <a href="https://www.ato.gov.au/Super/APRA-regulated-funds/In-detail/News/Eligibility-age-change-for-downsizer-contributions/#:~:text=This%20means%20from%201%20July,proceeds%20of%20selling%20their%20home." target="_blank" rel="noopener">will see the eligibility age reduced from 65 to 60</a> – enabling more Aussies to boost their super and enjoy the associated tax benefits when downsizing.</p> <p>Other great news is the ability to contribute to superannuation way beyond current ages and without meeting a work test. Make sure you seek advice.</p> <p>Meanwhile, even short-term windfalls can be invested wisely – whether in the form of lower taxes, cash grants or simply cheaper fuel. The trick is to have a solid household savings and investments plan, to identify these funds and separate them from everyday expenditure.</p> <p>While interest rates remain low, now is a good time to pay down debt – a great use for tax returns.</p> <p>Of course, with a <a href="https://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/FlagPost/2021/December/Timing_for_the_2022_federal_election" target="_blank" rel="noopener">federal election due by 21 May</a>, remember that some Budget measures may never eventuate – the new government will be free to make their own changes or start over.</p> <p>So, by all means consider the Budget and its possible impacts on your bottom line. But don’t pin your whole retirement on its every detail. Focus on the big picture, get qualified advice, have a plan, and build in contingencies. Otherwise, there may be nothing left with which to fill any nasty cavities!</p> <p><em><strong>Helen Baker is a licenced Australian financial adviser and author of two books: On Your Own Two Feet – Steady Steps to Women’s Financial Independence and On Your Own Two Feet Divorce – Your Survive and Thrive Financial Guide. Proceeds from the books’ sales are donated to charities supporting disadvantaged women. Helen is among the 1% of financial planners who hold a master’s degree in the field. Find out more at <a href="http://www.onyourowntwofeet.com.au/" target="_blank" rel="noopener">www.onyourowntwofeet.com.au</a></strong></em></p> <p><em><strong>Note this is general advice only and you should seek advice specific to your circumstances.</strong></em></p> <p> </p>

Retirement Life

Placeholder Content Image

Tragic reason pensioner abused Scott Morrison

<p>The angry disability pensioner who confronted Prime Minister Scott Morrison at a pub in NSW has since revealed that he does not regret a moment of the encounter.</p> <p>In an exclusive interview with NBN News on Wednesday night, Raymond Drury said he had been ignored for years over his problems and had previously reached out to dozens of MPs but no one listened.</p> <p>“When this stewing up and everything like that over 12 years and being rejected, not even listened to, of course I’m going to take that opportunity,” he said of his decision to confront Scott Morrison in a fiery exchange at Edgeworth Tavern in Lake Macquarie.</p> <p>In a video that has gone viral on social media, Mr Drury can be heard shouting at the Prime Minister: “listen to me for a change”.</p> <p>He also yelled that Mr Morrison “better f***ing do something” and that he was “sick of your bulls**t”.</p> <p>The 73-year-old had worked in mining for 30 years before retiring and shared he received weekly compensation through the Dust and Disease division of iCare.</p> <p>iCare provides treatment and financial support to workers who have a disability as a result of a compensable dust disease contracted in a NSW workplace. That payment has however eaten into his pension, reducing it by $200 a week.</p> <p>“I’ve got prostate cancer, I’ve got tumours, asbestos tumours,” he told NBN.</p> <p>“(I’m) being ignored by everybody when I’ve got a right to earn some income too.</p> <p>“Why wouldn’t I get upset, every week I get $200 taken out of my pension.”</p> <p>He said after speaking to the Prime Minister’s staff, he felt hopeful it would get resolved but he had a warning if it didn’t.</p> <p>“I reckon it will happen, I’m going to follow this around every place the Liberals go.”</p> <p>Mr Drury’s comments come after Mr Morrison downplayed the frosty exchanges he had with angry locals at the pub.</p> <p>The Prime Minister said the case involving Mr Drury was “complicated” when asked about it on Thursday morning.</p> <p>“He was very upset about a complicated case involving iCare and immigration issues. It was also involving income definitions under the pension regimen,” Mr Morrison told reporters.</p> <p>“He had a lot of complications with those cases.</p> <p>“And my staff met with him also after I carefully and respectfully listened to what he had to say.</p> <p>“I can understand that he was very upset … And I was keen to understand what he was saying to me and I believe we have.”</p> <p>Mr Morrison said overall, he had otherwise received a “very welcome reception”.</p> <p><em>Image: 7News</em></p>

Retirement Life

Placeholder Content Image

Aged care residents given 10 weeks to find a new home

<p dir="ltr">Older Australians living in aged care have been forced out of their homes, after it was decided that the only facility in their small town would be shut down.</p> <p dir="ltr"><em><a href="https://9now.nine.com.au/a-current-affair/elderly-aussie-residents-face-being-forced-out-of-nsw-aged-care-facility/78205e17-fc8a-4372-bb23-09aa081f538c" target="_blank" rel="noopener">A Current Affair</a></em> reported that the owners of Anglian Care, the only facility in the northern NSW town of Bulahdelah, gave families of residents ten weeks to find their loved ones a new place to live.</p> <p dir="ltr">The decision has angered the community, with local resident Rod telling the program that losing “40 staff” and “40 local jobs in a small community” will be devastating.</p> <p dir="ltr">Norma Hughes, a resident of the Cedar Wharf Lodge, told <em>A Current Affair</em> that she never imagined she would be asked to leave on the eve of her 90th birthday.</p> <p dir="ltr">“I was going to finish my days here but that’s not happening anymore,” she said.</p> <p dir="ltr">Her son Neil and daughter-in-law Lyn were also angered by the situation.</p> <p dir="ltr">“The staff found out that day, I think I was the only one there that wasn’t in tears, they were all crying going ‘damn, what’s going on?’” Neil said.</p> <p dir="ltr">“It was pretty sad for them; for everybody in a sense.”</p> <p dir="ltr">Bob, another resident, passed away at the age of 99 shortly after his family was interviewed by <em>A Current Affair</em>. </p> <p dir="ltr">His son-in-law, Kevin Carter, said the stress of being evicted was a heavy weight for him in his final days.</p> <p dir="ltr">“Ninety-nine is a lot of age and how do you accommodate meeting the new nurse and staff? It’s quite frightening,” Mr Carter said.</p> <p dir="ltr">Bulahdelah’s nursing home has been in operation since 1991, and the decision to close its doors came after the church reviewed its 11 aged care homes and found it wasn’t viable to continue operating.</p> <p dir="ltr">The church said in a statement this was because the Federal Government wasn’t offering any long-term funding for small regional services like the one in Bulahdelah.</p> <p dir="ltr">Though the closest facility is half an hour away, many residents will be forced to travel an hour away to Taree, meaning their loved ones will have to embark on two-hour round trips to visit them.</p> <p dir="ltr">Rod told<em> A Current Affair</em> that a solution could arise through a “stay of execution”, but that he didn’t have his hopes up that Anglican Care and the bishop would change their minds.</p> <p dir="ltr">“Potentially it could be saved … but they’re not flexible, they’ve made their decision and they won’t listen,” he said.</p> <p dir="ltr">Now it seems the only hope for elderly Austraions in towns like Bulahdelah could come after the looming federal election, if the next leaders decide to funnel money into these areas.</p> <p><span id="docs-internal-guid-d61e29f4-7fff-18c9-8fed-bbeab0d53b76"></span></p> <p dir="ltr"><em>Images: A Current Affair</em></p>

Retirement Life

Placeholder Content Image

Reader’s Respond: What is something younger generations will never understand?

<p dir="ltr">We asked you to take a trip down memory lane and share something younger generations will never understand and your responses did not disappoint. </p> <p dir="ltr">From black-and-white TVs to getting up to change the channel, having your milk delivered to your front door and even good old-fashioned typewriters, here are just some of the memories you shared.</p> <p dir="ltr"><strong>Dawn Dominick</strong> - The sense of safety that we had growing up.</p> <p dir="ltr"><strong>Jeanne-Marie Thomas</strong> - When you are 81...you live in a world soooo different from the world you grew up in! The list is immense.</p> <p dir="ltr"><strong>Keith Wilson</strong> - Having to stand up to change the channel</p> <p dir="ltr"><strong>Joan Gebetsberger </strong>- Milkman, Bread delivered not sliced, listening to the radio for the serials no TV. Playing in the street, hunting tadpoles enjoying the outdoors</p> <p dir="ltr"><strong>Anne Mckeon</strong> - Being thankful for what we had.</p> <p dir="ltr"><strong>Margaret Inglis</strong> - Typewriters. And carbon paper to place between 2 pieces of paper to make a copy. And put it in an envelope to forward it to someone.</p> <p dir="ltr"><strong>Tolla Edda Anderson</strong> - Not being able to use the phone and computer at the same time.</p> <p dir="ltr"><strong>Maureen Lyons Martinsky</strong> - Dialling a rotary phone.</p> <p dir="ltr"><strong>Geoff Scrimes</strong> - No internet. Maybe black and white TV too. Of course no cell phones!!</p> <p dir="ltr"><strong>Rosy Bloom</strong> - Stockings, suspenders, belts and corsets!</p> <p dir="ltr"><strong>Marguerite Gainsford Stanford</strong> - actual money (cash) instead of paying everything on cards.</p> <p dir="ltr"><strong>Steve Smith</strong> - milk bottles delivered to your front door.</p> <p dir="ltr"><em>Image: Shutterstock</em></p>

Retirement Life

Placeholder Content Image

Reader’s Respond: What do you miss most about the 90s?

<p dir="ltr">We asked our readers what they miss most about the 90s, and some of the responses took us down memory lane while others were just downright heartbreaking. </p> <p dir="ltr">From being younger, to the simplicity of life, to spending time with the kids, here are just a few of your 90s memories.</p> <p dir="ltr"><strong>Dawn Larson</strong> - My kids were still young enough to talk to me every day and most days, I got a hug.</p> <p dir="ltr"><strong>Yahwandi K Kunda</strong> - The Music. The simplicity, good manners, courtesy and the togetherness.</p> <p dir="ltr"><strong>Kate Young</strong> - Everything. My family, mum and dad, youth.</p> <p dir="ltr"><strong>Colleen Coad</strong> - Being 30 years younger!</p> <p dir="ltr"><strong>Alison Foster</strong> - My kids being young and wanting to do family things. The simple life and freedom.</p> <p dir="ltr"><strong>John Peters</strong> - An internet free life.</p> <p dir="ltr"><strong>Martin Hession</strong> - Collingwood premiership in 1990- that kept me happy for the rest of the 90s.</p> <p dir="ltr"><strong>Wayne Kelly Friesen</strong> - Common sense, there doesn’t seem to be any anymore.</p> <p dir="ltr"><strong>Kathryn Potter</strong> - My younger years but most of all my Parents! My Dad died in 95 and Mum 10 days before my 50th in 2000! RIP to both of you but please give me my youth back! I truly loved the 50s, 60s, 70s and the 90s!</p> <p dir="ltr"><strong>Greg Thiesfield</strong> - Life.</p> <p dir="ltr"><strong>Lori Interrante Langer </strong>- Prices.</p> <p dir="ltr"><em>Image: Shutterstock</em></p>

Retirement Life

Placeholder Content Image

How to retire early

<p dir="ltr">Although there’s no official “retirement age” in Australia, it’s only possible to withdraw your super after you’ve reached your ‘preservation age’ (55 to 60), depending on when you were born.</p> <p dir="ltr">However, most people consider retirement age to be around the 65 mark – and indeed many people think that that’s when we have to retire.</p> <p dir="ltr">But what if you can retire earlier than when you reach 65 years of age?</p> <p dir="ltr">A dream? Maybe. But dreams are there to become a reality – especially if it’s something that you truly desire.</p> <p dir="ltr">If you want to retire early, you will need a lot of discipline to earn, save, and invest as much as you possibly can.</p> <p dir="ltr">You will also need to ensure you have another means of income if you’re not eligible to access your super.</p> <p dir="ltr">Below is a list of what you need to achieve in order to retire early.</p> <ol> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation"><strong>Define what early retirement means to you</strong></p> </li> </ol> <p dir="ltr">It could be not working at all or reducing hours to slowly start spending more time with the family or doing things you love. </p> <p dir="ltr">Whatever it is, you have to define it clearly so you know the goal.</p> <ol start="2"> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation"><strong>Understand your living costs</strong></p> </li> </ol> <p dir="ltr">Currently, living costs are soaring so it can be difficult to understand your expenses perfectly.</p> <p dir="ltr">However, if you can map out what you spend money on or what you don’t need anymore as clearly as possible, it can help you in the future.</p> <ol start="3"> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation"><strong>Calculate your total retirement savings goal</strong></p> </li> </ol> <p dir="ltr">Following up from the last step, you will need to figure out how much money you will be actually spending on these expenses.</p> <p dir="ltr">You will need to remember that if you’re retiring earlier then you need your money from savings or super to last longer.</p> <ol start="4"> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation"><strong>Make a financial plan</strong></p> </li> </ol> <p dir="ltr">Putting everything together in a financial plan is often the best way to figure out if you can retire early.</p> <ol start="5"> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation"><strong>Grow your super</strong></p> </li> </ol> <p dir="ltr">Even if you can’t access your super just yet, did you know you could still make contributions to it?</p> <p dir="ltr">So if you’ve decided to continue working fewer hours, you could contribute more of your income into your super.</p> <ol start="6"> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation"><strong>Stick to the plan</strong></p> </li> </ol> <p dir="ltr">As mentioned above, it takes a lot of discipline to retire early and it’s important to stick to your plans. </p> <p dir="ltr"><em>Image: Shutterstock</em></p>

Retirement Life

Placeholder Content Image

See a sneak peek of Ash Barty’s new “forever” home

<p dir="ltr">Newly-retired tennis champ Ash Barty has shared a look at her future home, which is currently being built in Ipswich, west of Brisbane.</p> <p dir="ltr">The native Queenslander grew up in Ipswich, southwest of Brisbane, and is now building her dream home in the residential community at Brookwater, just a 20-minute drive from her home turf.</p> <p><span id="docs-internal-guid-bc1bc730-7fff-39e3-a6c0-a08d3d9bc04f"></span></p> <p dir="ltr">The 25-year-old appeared in a video released by Brookwater Residential, outlining the journey behind designing the house she will be sharing with her fiancé, Gary Kissick.</p> <p dir="ltr"><img src="https://oversixtydev.blob.core.windows.net/media/2022/03/barty-house2.jpg" alt="" width="1280" height="720" /></p> <p dir="ltr"><em>A rendered image of what Ash Barty’s new home could look like. Image: realestate.com.au</em></p> <p dir="ltr">“You can hear the birds in the morning. You can see the sun rise. It’s just all those little things that make a home a home,” Barty says in the clip.</p> <p dir="ltr">“I love how low-key the lifestyle is here at Brookwater. That’s where I see myself forever.”</p> <p dir="ltr">She also shared how she worked with one of the in-house architects to prioritise the outside space and get the kitchen just right.</p> <p dir="ltr"><span id="docs-internal-guid-8d75863b-7fff-b921-fca0-8f4fa66449da"></span></p> <p dir="ltr">“I love spending time in the kitchen, so I wanted my kitchen to be just how I imagined it,” she says in the video.</p> <p dir="ltr"><img src="https://oversixtydev.blob.core.windows.net/media/2022/03/barty-house0.jpg" alt="" width="1280" height="720" /></p> <p dir="ltr"><em>Ash Barty revealed how her future home will look in a video with Brookwater Residential. Image: realestate.com.au</em></p> <p dir="ltr">Brookwater is on track to become a million-dollar suburb soon, with a median house price of $960,000.</p> <p dir="ltr">“Brookwater has become a major draw card for aspirational families and empty nesters,” Brookwater Residential senior sales executive Irena Marasea told <em><a href="https://www.realestate.com.au/news/inside-the-stunning-home-where-ash-barty-will-spend-retirement/?rsf=syn:news:nca:news:spa:strap" target="_blank" rel="noopener">realestate.com.au</a></em>.</p> <p dir="ltr">“The scarcity of land is also a big issue in the Brisbane market as there isn’t a lot of </p> <p dir="ltr">opportunities for people to purchase premium land so close to the CBD and have the confidence to build their architecturally designed forever home, so we definitely fill that gap.”</p> <p dir="ltr">The community also houses the Brookwater Golf Course, designed by Greg Norman and reportedly the spot where Barty first met Kissick.</p> <p dir="ltr"><span id="docs-internal-guid-6de27938-7fff-266d-bed2-b47363501a99"></span></p> <p dir="ltr">Since their dream home is still under construction, Barty is reportedly living in a rental next door, per <em><a href="https://www.ntnews.com.au/sport/tennis/retired-tennis-star-ash-bartys-lucrative-tennis-career-saw-her-pocket-more-than-30-million/news-story/ba8ac1c0ff66e3bed1fb60de28d2cf87" target="_blank" rel="noopener">NT News</a></em>.</p> <p dir="ltr"><img src="https://oversixtydev.blob.core.windows.net/media/2022/03/barty-house1.jpg" alt="" width="1280" height="720" /></p> <p dir="ltr"><em>A rendered image of what Ash Barty’s new home could look like. Image: realestate.com.au</em></p> <p dir="ltr">The clip also includes rendered images of the final look, showing several open-plan living areas, light timber flooring, high ceilings, and a spacious deck with views of the golf course.</p> <p dir="ltr">Her appearance in the video comes just days after the tennis legend <a href="https://www.oversixty.com.au/news/news/ash-barty-announces-retirement" target="_blank" rel="noopener">announced her retirement</a> in an emotional Instagram video.</p> <p dir="ltr">Making the clip with her close friend and former doubles partner Casey Dellacqua, Barty said she was “so ready” to hang up her racket after achieving her lifelong dream of winning Wimbledon last year.</p> <p dir="ltr"><span id="docs-internal-guid-f256d5b8-7fff-9f34-797e-5c74d457f643"></span></p> <p dir="ltr"><em>Images: @ashbarty (Instagram) / realestate.com.au</em></p>

Retirement Life

Placeholder Content Image

The reality of retiring

<p dir="ltr">A lot of people think that retirement is just having all the time in the world to do whatever you want.</p> <p dir="ltr">But what some don’t understand is that the realities of retirement can trigger stress, anxiety and depression. </p> <p dir="ltr">What can trigger these feelings can stem from what your life was like before you decided to retire. </p> <p dir="ltr">Below is a list of common challenges that <a href="https://www.helpguide.org/articles/aging-issues/adjusting-to-retirement.htm" target="_blank" rel="noopener">Help Guide</a> identified that are experienced by people during retirement.</p> <ul> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">Struggling to “switch off” from work mode and relax, especially in the early weeks or months of retirement.</p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">Feeling anxious at having more time on your hands, but less money to spend.</p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">Finding it difficult to fill the extra hours you now have with meaningful activity.</p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">Losing your identity. If you’re no longer a doctor, teacher, designer, sales person, electrician, or driver, for example, who are you?</p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">Feeling isolated without the social interaction of being around your coworkers.</p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">Experiencing a decline in how useful, important, or self-confident you feel.</p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">Adjusting your routine or maintaining your independence now you’re at home with your spouse during the day.</p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">Some retirees even feel guilty about receiving money from a pension without directly working for it.</p> </li> </ul> <p dir="ltr">If you feel as though any of these relate to you and your retirement (or pre-retirement!) situation, we’ve put together a handy list of OverSixty articles to help you overcome these issues and a whole host of others.</p> <ol> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation"><a href="https://www.oversixty.com.au/lifestyle/retirement-life/how-to-make-the-most-of-your-super-as-you-retire-or-semi-retire" target="_blank" rel="noopener">How to make the most of your super as you retire or semi-retire</a></p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation"><a href="https://www.oversixty.com.au/lifestyle/retirement-life/five-quick-ideas-for-staying-active-in-retirement" target="_blank" rel="noopener">Five quick ideas for staying active in retirement</a></p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation"><a href="https://oversixty.com.au/lifestyle/retirement-life/how-much-do-australians-need-to-retire" target="_blank" rel="noopener">How much do Australians need to retire?</a></p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation"><a href="https://oversixty.com.au/lifestyle/retirement-life/5-tips-to-make-transitioning-into-retirement-easier" target="_blank" rel="noopener">5 tips to make transitioning into retirement easier</a></p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation"><a href="https://oversixty.com.au/lifestyle/retirement-life/ten-key-steps-to-help-you-make-your-retirement-the-best-years-of-your-life" target="_blank" rel="noopener">Ten key steps to help you make your retirement the best years of your life</a></p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation"><a href="https://oversixty.com.au/lifestyle/retirement-life/why-retirement-living-is-the-perfect-way-to-upsize-your-lifestyle" target="_blank" rel="noopener">Why retirement living is the perfect way to upsize your lifestyle</a></p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation"><a href="https://oversixty.com.au/lifestyle/retirement-life/how-one-day-off-work-led-to-a-dream-retirement" target="_blank" rel="noopener">How one day off work led to a dream retirement</a></p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation"><a href="https://oversixty.com.au/lifestyle/retirement-life/the-only-way-is-up" target="_blank" rel="noopener">The only way is up!</a></p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation"><a href="https://oversixty.com.au/lifestyle/retirement-life/want-to-see-a-therapist-but-don-t-know-where-to-start-here-s-how-to-get-a-mental-health-plan" target="_blank" rel="noopener">Want to see a therapist but don’t know where to start? Here’s how to get a mental health plan</a></p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation"> <a href="https://oversixty.com.au/lifestyle/retirement-life/why-it-s-important-to-try-new-things-in-later-life" target="_blank" rel="noopener">Why it's important to try new things in later life</a></p> </li> </ol> <p dir="ltr"><em>Image: Shutterstock</em></p>

Retirement Life

Placeholder Content Image

How to make the most of your super as you retire or semi-retire

<p dir="ltr">The transition from working life to retirement or semi-retirement is different for each individual.</p> <p dir="ltr">If you decide to keep working, it is important that you know you can access some of your super while you’re still working, once you have reached “preservation age” – the age at which you can access your super.</p> <p dir="ltr">With a transition to retirement stream (TTRS) strategy, you can begin receiving an income from your super once you reach your preservation age, even if you haven’t permanently retired.</p> <p dir="ltr">The benefits of TTRS include your income payments being generally tax free, if you’re 60 or over.</p> <p dir="ltr">Another benefit is being able to continue to grow your super if you’re still working, and using your TTRS payments to top up your take-home pay, so you can work less or save more.</p> <p dir="ltr">There are, however, some rules if you do want to transition into a retirement stream, which your super business can assist you with.</p> <p dir="ltr">The rules include:</p> <ul> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">You generally can’t make lump sum withdrawals.</p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">You must receive between 2% and 10% of your TRIS balance each year.</p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">Drawing from your super now could mean you have a lower balance when you fully retire.</p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">While you’re under 60 years of age, your TRIS payments will be subject to tax – any taxable component will be taxed at your marginal tax rate less a 15% offset. From 60, you don’t pay any tax on income payments from your super.</p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">Earnings in your TRIS receive the same concessional tax treatment as your super – earnings are taxed at up to 15%.</p> </li> </ul> <p dir="ltr"><em>Image: Shutterstock</em></p>

Retirement Life

Placeholder Content Image

Five quick ideas for staying active in retirement

<p dir="ltr">Retirement is possibly the only time when you have the opportunity to do whatever it is you want. </p> <p dir="ltr">But for those of you who are stuck for ideas to stay active and motivated, here are some exciting ideas that can easily be done alone or with other like-minded retirees. </p> <ol> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation"><strong>Travel </strong></p> </li> </ol> <p dir="ltr">The kids have grown and moved out and you can finally visit that place you’ve always wanted to but couldn’t. </p> <p dir="ltr">Definitely an enriching experience to learn about different cultures, foods, and how things work across the world.</p> <p dir="ltr">If you’re unable to travel, even just planning a trip for when you eventually can is fun. </p> <ol start="2"> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation"><strong>Volunteer</strong></p> </li> </ol> <p dir="ltr">You’ve done your fair share of 40-hour weeks (or even more!), but if you miss having something to do for others, then volunteering is definitely for you. </p> <p dir="ltr">The best way to volunteer is to find an organisation you’re passionate about and see whether you have the skills to help them out. Alternatively, go in the other direction and choose a cause or activity you’re not even remotely familiar with – which transforms the entire exercise into a learning opportunity as well!</p> <ol start="3"> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation"><strong>Sport</strong></p> </li> </ol> <p dir="ltr">This is possibly one of the best ways to meet new people, but also sport will keep you fit and healthy, which is definitely what you want during retirement. </p> <p dir="ltr">If sport isn’t for you then consider heading down to your local park and becoming a spectator! </p> <ol start="4"> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation"><strong>Go back to school</strong></p> </li> </ol> <p dir="ltr">If there’s something you’ve always wanted to study, now is the chance to go ahead without any distractions.</p> <p dir="ltr">Not only will you be learning interesting information, it will also keep your mind sharp. </p> <ol start="5"> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation"><strong>Find a new hobby</strong></p> </li> </ol> <p dir="ltr">With all the time in the world it could be fun to join a painting or pottery class.</p> <p dir="ltr">Other hobbies you may want to get immersed in include cooking classes, book clubs, or even growing your own vegetable garden. </p> <p dir="ltr"><em>Image: Shutterstock</em></p>

Retirement Life

Our Partners