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We spend years saving for retirement. And while money is a vital ingredient for retiring well, purpose, connection, and health can be just as important.

Ways to retire well

Redefining retirement 

Retirement isn’t about retiring from life. It’s time to refire, rewire and renew. And while having your finances sorted is certainly important aspect of retirement planning, it’s only part of the picture. Having a clear purpose, building connections with those around you, taking care of your physical and mental health, and looking after your financial wellbeing – they’re all essential ingredients when it comes to getting the most from your next chapter.

 

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Keep your money working for you when you’re retired

Retirement income options

You might be retired, but your retirement savings have plenty of work to do yet. Average life expectancies mean we’re living longer in retirement than ever before. So if you want to enjoy a retirement that’s as comfortable as possible, your retirement savings need to be able to go the distance. Here we take a look at some key considerations to help you maximise your savings throughout your retirement. 

A word on what’s right for you

This page provides information and some key considerations for investing your retirement savings through your retirement. But keep in mind that it’s general information only. For information that’s tailored to your own financial circumstances and objectives, consider getting qualified financial advice.

Exploring your options

Even in retirement, we all need different things from our investments. That’s why Catholic Super offers a range of different investment options. 

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How long you’re likely to be invested is always a critical factor in helping to determine which investments are right for you.

For many of us, retirement could last for 20-30 years or more. In investment terms, that’s still quite a long time horizon.

While you were younger, a key focus for your super investments was accumulation – simply saving as much as you could and maximising your investment’s potential for growth.

Now that you’ve retired, your investment needs to multitask. It still needs some potential for growth in order to be able to sustain itself and continue to help fund your retirement. But there’s also an increasing need to reduce risk and keep the day-to-day income you draw from your investment relatively shielded from any market volatility.

The investments that are right for you depend very much on your financial circumstances and what you want from your retirement.

A typical retirement investment may include:

  • Some growth assets (such as Australian and overseas shares) to help maintain some level of growth in your portfolio
  • A relatively higher allocation to income assets (such as cash and fixed interest), to help to protect your portfolio against the impacts of volatility, so you can continue to draw a steady income to help fund your retirement.

You don’t have to make an investment choice for your Catholic Super Retirement Income or Transition to Retirement Income account.

If you don’t make an investment choice, we’ll automatically invest your account balance in the Catholic Super MyPension strategy if you’re a Retirement Income account member.

MyPension is a ready-made portfolio of investments, selected by the experts, and managed by the experts on your behalf. It invests across three different investment options in varying proportions: Cash, Capital Stable and Growth.

Getting a little support and guidance from the experts can make a big difference when it comes to choosing the right products and investments for your next chapter, so you can make the move to retirement in the way you want to. Our qualified Financial Planners can help.

Calculators

Super balance comparator

How do your super savings compare? Enter your details to see how you are tracking, and compare average savings for your age group.

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Retirement calculator

Our industry-leading retirement income calculator enables you to estimate your projected super balance and how long it may last in retirement.

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Our advice process

Learn more about our advice process and how it can help you reach your financial goals.

Retirement explained

Getting a little support and guidance from the experts can make a big difference when it comes to choosing the right products for your next chapter and helping you make the move to retirement in the way you want to. And our team is here to help.

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