Retire Right 401 The ultimate pre-retirement checklist
Dec 31, 2025
Join Martin McGrath, a seasoned financial adviser at Financial Edge Group, as he shares invaluable insights on preparing for retirement. He stresses the importance of reviewing and paying down debt, tracking your spending, and planning your lifestyle goals at least ten years in advance. Martin discusses the nuances of superannuation investment options, the impact of living arrangements on finances, and essential estate planning for blended families. He also addresses mortgage strategies and gifting considerations to optimize retirement planning.
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Couple Retires Early With Inheritance Bridge
- Martin presented a retirement strategy to a 55-year-old couple retiring early using an inherited lump sum.
- They couldn't access super yet but the inheritance bridged income until age 60 so they could retire then.
Use The Downsizer Contribution Intentionally
- Consider the downsizer contribution rules before you sell: you must be 55+, owned the home 10+ years, and deposit funds within 90 days.
- Use up to $300k per person (max $600k couple) to boost super when downsizing.
Try Retirement Activities Beforehand
- Start testing retirement goals and hobbies now rather than waiting until you stop work.
- Build social purpose and routines before retirement so you don't lose daily meaning overnight.