Transitioning to retirement refers to a stage in a person's working life where they begin to reduce their working hours or shift to a more flexible work arrangement as they approach retirement age.
This transition is often facilitated through a strategy known as a Transition to Retirement (TTR) strategy or a Transition to Retirement Income Stream (TRIS).
Transitioning to retirement (aka TTR) means you can keep working while drawing down some of your super benefits.
It allows you to supplement your salary and maintain your lifestyle while you reduce work hours or salary sacrifice into super to save on tax.
It only suits a limit range of people - get some help crunching the numbers if you’re interested.
For most of us, declaring we’ve permanently retired at age 60, or reaching age 65, is when we get the most choices with our super.