January 28, 2025

Luke on 2CC – How to start a transition to retirement

17 minutes

Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 24 January 2025. The topic for this week is: How to start a transition to retirement pension? At the start of the year many people return to work and start thinking about their retirement planning. A transition to retirement strategy might be right for you if you’ve reached your preservation age (between 55 and 60, depending on when you were born).

Thank you for joining us live on 2CC, YouTube or your favourite podcast streaming service with ‘The Strategy Stacker – Luke Talks Money’.

Key topics covered include:

What is a transition to retirement pension?

Can I reduce my working hours and top up the rest from a pension from super?

How do you access your benefits on a partial basis?

How much can you take?

What other reasons might you use the transition to retirement strategy?

Can I take the money out tax free over if I’m over 60? Yes!

Can I use the money to pay down debt? Yes!

It’s a good time to consider the purpose of rental property if you have one too

Can you top up your account with salary sacrifice as you continue to work and get a tax deduction?

Can I still work full time and start a transition to retirement pension?

Do all funds offer transition to retirement?

Luke shares his tips around transition to retirement pensions.

https://www.envisionfinancial.com.au/wp-content/uploads/2025/01/The-Strategy-Stacker-Luke-Talks-Money-24012025.mp3

Our podcast is also available on Apple Podcasts, Spotify and YouTube – ‘The Strategy Stacker – Luke Talks Money’

Do you need help to assess if a transition to retirement is right for you?

A transition to retirement strategy can be used to help you achieve a number of different goals, including paying off debt and topping up your wage if you reduced your working hours. If you need help, make an appointment to meet with Luke.

Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals, including investment, super and retirement (including transition to retirement). Simply make an appointment to confidentially discuss your goals. Call Envision Financial Services on 6260 4749. You can use the contact us form to make an appointment, for a confidential discussion about your situation.

Luke will return to 2CC to talk about other ‘Money Matters’ next week – the final show of the year. You can also catch up with ‘The Strategy Stacker – Luke Talks Money’ podcast at a time that suits you.

We look forward to your company again and Luke’s book Smart Money Strategy is out now.

...more