When Is The Right Time To Retire?

When Is The Right Time To Retire?

Once we reach our sixties and seventies we start to feel like the time is ripe for retirement. After decades of working it’s during these later years that many feel the need to wind down, relax and begin endeavours that don’t involve a 9-5 schedule, and rightly so! The question is– when is the right time to retire?

At Lady Anne Funerals we have helped a number of retirees and future retirees make a prepaid funeral plan. No two clients we work with are exactly the same and their decisions when it comes to retirement aren’t the same either. We have put together a list of things that will help you decide when the right time to retire is for you.


When you feel the time is right

For some, working well into your sixties or seventies is enjoyable. You may feel like you’ve really hit your straps in your job role and if you’re lucky, you’re passionate enough about your job to want to continue. For others, working past your sixties is tiring and you might start to feel that your time could be better spent with kids, grand-kids, travelling and settling into a well-deserved retirement. Transitioning into semi-retirement is a viable option for many Australians and gives the best of both worlds. More time for yourself while still making an income to fund your retirement. When the time feels right it usually is.


Plan with your partner

The best time to retire is at a time that you and your partner agree on. Transitioning into retirement is a far simpler task if you and your partner are in it together. It will also make consolidating assets and putting together a budget much more straight forward. Outside of financial planning, retiring together means that the two of you can make plans together like travelling, joining a club or volunteering.


Lifestyle Factors

Perhaps you’ve lived in the same suburb for 30 years and you’ve always dreamed of a beachside view. Maybe your children have had children and your time could be spent as a babysitter for your beautiful grandkids. Everybody’s lifestyle is different and as life goes on different situations arise that make retiring more or less convenient. When you have your retirement planned it may just seem like the right time in your life to start leading a less stressful lifestyle. If you’re not sure when the right time is, you could try taking long service leave to give retirement a “trial run”.


Do you have sufficient financial resources?

Probably the most important factor when it comes to deciding when you should retire is how much money you have saved in the form of your superannuation, investments and assets. The current ASFA Retirement Standard suggests that couples need to have access to $58,444 annually to live a comfortable lifestyle, while singles need $42,569.

Calculating your assets including any property you own, your superannuation savings and investments is a good place to start. After that, have a look at the age pension eligibility to see if you qualify for a payment. Part-pension payments are offered to retirees who don’t hold enough assets to live comfortably.


Talk to an expert

When it comes to deciding when is the right time to retire it can be helpful to talk to a financial advisor or planner who can assess your wealth and your needs for retirement. A financial planner can assist you for putting goals in place and help you to put together a method of achieving the goals. Professional advice may help you build your wealth more than you could have alone, giving you peace of mind that retirement is achievable.


If you are considering retiring in the near future why not take advantage of our free retirement planning guide? We have put together a list that breaks down the important factors to consider before you retire. If you’re looking for ways to be more prepared for later life why not talk to one of the ladies at Lady Anne Funerals about our prepaid funeral plan options. You can never be too prepared and organising a funeral plan means there will be no undue burden put onto your loved ones.

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Our compassionate all-female team are dedicated to supporting families in their times of need. We arrange beautiful personalised funeral services in the Ryde area.



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We're here to help

Lady Anne Funerals is here to support and assist your family through what can be a difficult time, with a ladies touch. 

We are available to discuss a range of services to support your family, including: 

  • Personalised memorial services
  • Cremation and burial services
  • Religious services catering to all faith's
  • No service, no attendance 

Please get in touch - night or day - via the form or you can call us on the number below.

Phone: 1300 74 00 74

904 Victoria Road, West Ryde 2114

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Some of the families we've helped

“I just wanted to send you our sincerest thanks for everything you and your incredible team did for us in making the most perfect day, celebration and farewell of our beautiful Harper.

I have given a lot of thought to your business and the industry and I think it is perhaps the most important business for families to get it right when it comes to planning a funeral which may be sudden or may be a long time in the making. Either way, when one is faced with the unfortunate situation of needing to arrange a funeral, only then do you realise the importance of getting it right.

We experienced first hand the polar opposites the industry offers. It is not just about the cars, the booklets, the music and all the things that make up the day - its about the service, the care and most importantly it’s about the people.

From our very first conversation we could sense your genuine care to our situation and your attention to detail was obvious - this was very different to the previous conversations we had with others we had been referred to. Those other companies wanted to commence meetings with the paperwork side of things upfront which is a very confronting thing to do just days after losing your loved one - and when one of the others that I am referencing couldn’t even refernece our daughters name as our meeting started - we were horrified of how poor the service of care could be.

This is where you and your team shine. After feeling very lost in our search to secure the perfect funeral director to create the perfect day, my wife all of a sudden recalled you standing out the front of your office each morning watering the surrounding gardens to ensure a beautiful front of house. Well, I can assure you, it is not just the front of house that is beautiful - its the entire package that is beautiful.

Your manner, your direction and your expertise is evident from the get go. Nothing is too hard for you or your amazing team. The personal care made us feel like we were the only funeral you were working with at the time, and that’s exactly how it should be.

The finer detail, such as driving past our house so our daughter could go past our house one last time, then leaving the most beautiful flowers on our doorstep, to bumping into us at the Church because you were just doing your own research to make sure the day was seamless. This combined with your recommendations from every aspect as everything was very foreign to us, you were able to guide us to achieve the most beautiful farewell.

The day itself was simply perfect. Not once did we have a concern. The car was shining, your team dressed beautifully, cold water provided for us, directions for our guests, directions for us. Everyone commented on how amazing the day was and how incredibly your team were. Seamless is the only word I can use. It doesn’t stop here.

Your personal care and guidance then allowed us a more intimate farewell the following day (we are so grateful for for this recommendation and possibly would have missed this special day if you had suggested it was the best idea). Again, you and your team made us feel like you had nowhere else to be, and no one else to help. Just us. The setting was beautiful, the celebrant (that you arrange and recommend) is a delightful, your team make this day even more special than the last.

This is something we never want to go through again but there will be so many others, that like us, have no idea where to start to look for the right funeral director for their own special day. All I can say is that I hope that they appoint Lady Anne Funerals. We learnt a lot quickly and it is again a business many do not ever consider needing but without question one of the most important businesses to select the right person and the right team.

I welcome any of your future potential clients to contact me if they wish to discuss our experience with the amazing Lady Anne team. We thank you for giving our beautiful baby the most incredible farewell that was exactly how we imagined it, you just made it happen.”

Lee Dowdall

“We wish to thank you for having helped us put together a beautiful farewell for our mother, one which she would have been delighted with.

It was a difficult day and it would have been worse without your synchronised, seamless and consistent presence as well as attention to detail.

We value your candour as the people you are and the very sensitive manner in which you conducted the service.

Thanking you from the bottom of our hearts,

The Pastore Family
Karen has supported my Mum and me through the most difficult week of our lives as we not only planned a funeral, but interred my Dad to his new home. I will be forever grateful to Karen for her ongoing support, guidance, kindness, empathy and friendship over the last week. Karen has now become part of our extended circle of close family friends.
Daughter of the late Sveta Dordevich
Lady Anne Funerals has the compassion, understanding and empathy that many of the larger funeral homes do not possess. My aunts funeral was dignified and classy everything she deserved. I would highly recommend Lady Anne (and have) as they go above and beyond.
Joanne Marks
I am overwhelmed with the feedback on how beautiful it all was from all who attended. You and the other ladies were wonderful, looked so elegant, and made the day so very special for all who loved Paul.
Barbara Sommerville Enright
Karen and her staff treated us with the utmost respect we could not have been in better hands during this difficult time. My mum had organised her funeral with a prepaid funeral plan which she had purchased from Karen almost ten years ago this also made this upsetting time much easier to deal with and she got all the things that she wished for.
Malcolm Ellis
On behalf of my family, I would like to thank Lady Anne Funerals for a beautiful service yesterday for my aunt Dot. All who attended commented on how lovely the service was & the professionalism of all the staff. Thanks again very much for helping making a sad day one of celebration of Dot’s life.
Judith Neville

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