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What are the things you think about when considering retirement? All those holidays you’ll now have time for? Downsizing, or spending more time with family?

While there’s plenty of time for travel and adventures, it’s good to remember your day-to-day living will have the biggest impact on how your retirement plays out.

There will be financial changes, but don’t discount the emotional, social and physical changes that will also occur. Your retirement will probably last decades, so it’s important to give as much attention to these other aspects as you do to your financial strategy.

How will you spend your time?

Some people can struggle after finishing work for good. It’s important that you find a purpose and look after your mental and physical health as you get older. A recent study found a correlation between having a strong purpose in life, healthier lifestyle behaviours and slowing chronic illness.

Keep moving

Regular exercise is a great place to start. Staying active reduces the risk of health problems and also improves your social life. It could be as simple as a regular walk with friends, or joining organised classes or a sporting club.

What will my daily routine look like?

Having a daily routine and scheduled activities helps to create a sense of purpose and community in retirement. It’s best to think about what this could look like now, so you can start to focus on what interest you.

A recent poll of retired people found that retirement was spent travelling, working on their fitness and chasing passion projects like crafts or music.


Source: Forbes Health, 2023, Cognitive health in early retirement.

Stop the brain drain

Mental exercise is just as important as keeping your body moving. Be prepared to replace the mental stimulation you gained from work with another form of thinking: like learning a new skill or by giving back by sharing your knowledge with community groups. Mental activities are also a good way to create purpose in your life.


Who will you spend your time with?

When you’re no longer going to work every day, the lack of social connection can hit harder than expected in retirement. That’s why you should plan to catch up with family and friends, and meet new people through new hobbies or volunteering. The World Health Organisation says that social isolation and loneliness is a priority public health issue globally.

So start a checklist now. In this edition you’ll find the Get started with your retirement lifestyle planner to help you. Working through this will help you structure your day-to-day life in retirement.

Helping you feel confident about retirement

Retirement is a big life change. Taking time to think about your retirement and learn more about what you need to do can really help you feel confident. The building blocks of a good retirement go beyond just a financial plan and could be the difference between a good retirement and a great one.

The good news is you don’t need to make big decisions about retirement on your own.

An Aware Super financial planner1 can help you:

  • Get clear on your retirement goals and how you might achieve them
  • Maximise the benefits of your SASS scheme
  • Understand how much money you’ll need to live your best retirement, and how you might make up for any shortfall
  • Work out the best time to retire – and the right strategy for you.


1Financial planning services are provided by our financial planning business, Aware Financial Services Australia Limited, ABN 86 003 742 756 AFSL No. 238430.

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Next steps for SASS deferred members

If you’re a SASS deferred member, knowing your options can help you make sure you have the funds to suit your retirement lifestyle.


The information contained in this article is given in good faith and has been derived from sources believed to be reliable and accurate. No warranty as to the accuracy or completeness of this information is given and no responsibility is accepted by Aware Super Pty Ltd or its employees for any loss or damage arising from reliance on the information provided.

Personal advice requires the provider to act in the client’s best interests and take into account the client’s circumstances. These rules do not apply to general advice. This communication contains general advice only and no personal advice. We have not taken into consideration any of your objectives, financial situation or needs or any information we hold about you when providing this general advice. Further this communication does not contain, and should not be read as containing, any recommendations to you in relation to our product. Before taking any action, you should consider whether the general advice contained in this communication is appropriate to you having regard to your circumstances and needs, and seek appropriate professional advice if you think you need it. Contact us to make an appointment to see one of our representatives. You should also read our product disclosure statement and Target Market Determination before making a decision about Aware Super. These documents are available on our website at or call us and we’ll send you a copy. Issued by Aware Super Pty Ltd (ABN 11 118 202 672, AFSL 293340), the trustee of Aware Super (ABN 53 226 460 365). Financial advice services are provided by Aware Financial Services Australia Limited (ABN 86 003 742 756, AFSL 238430), wholly owned by Aware Super.