If you’re over age 55, a transition to retirement (TTR) strategy may be suitable for you.
A transition to retirement pension can be used to supplement your income, reduce debt or fund additional superannuation contributions. As a bonus, once you’ve turned 60, the pension income can be tax free.
For some clients, we’ve set up transition to retirement income streams to help them move into semi-retirement. For others, we’ve used TTR pensions to help them make additional superannuation contributions, so they can save enough money to retire.
In this section we’ve provided links to a range of articles that outline how transition to retirement strategies work. There are some pitfalls to avoid with transition to retirement strategies, and it’s important to get good advice so they’re set up properly. Call us on 08 8364 0066 to arrange your initial financial coaching meeting with us, to discuss how a transition to retirement strategy could work for you.
