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Interestingly, retirees also have the option to access their superannuation earlier through a Transition to Retirement (TTR) strategy. This allows you to draw funds from your super to supplement your salary while still partially employed, but it comes without the full tax benefits associated with retirement.

Maximizing Your Superannuation Longevity

A primary concern for retirees is ensuring that their superannuation lasts throughout their life, mitigating what is often referred to as longevity risk—the risk of outliving your savings. To this end, two vital principles are emphasized: