Prime Time with Bec Wilson Stop working, keep earning
May 7, 2025
Dive into the fascinating world of retirement planning! Explore how to stop working while still earning with insights on layering income sources. Learn about the age pension and superannuation as foundational income layers. Discover why many retirees opt for part-time work and how to leverage investments outside of super for extra cash flow. Gain clarity on passive versus active income and the importance of timing retirement. Plus, discover strategies for navigating super access and ensuring a secure financial future.
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Think In Layers Not One Paycheck
- Retirement income replaces a regular paycheck with multiple smaller income layers you must assemble.
- Visualising these layers builds confidence and clarifies which sources are stable or variable.
Start With The Age Pension Layer
- Start with the age pension as your first income layer and calculate its contribution to your budget.
- Add super and other income to lift you toward a comfortable retirement target.
Minimum Super Drawdowns Matter
- Government rules require minimum super drawdowns to ensure funds are used over retirement.
- These minimums affect how much super contributes as a reliable income layer each year.