--- title: Six Reasons you Should be Thinking about Retirement description: 6 Six reasons you should be thinking about retirement now! Points include taking into consideration inflation, the government pension age, and medical expenses image: https://www.beyonddebt.com.au/hubfs/adult-elder-elderly-432722.jpg --- ![Top bar image](https://www.beyonddebt.com.au/hubfs/Assets%202019/Top%20bar%20image.jpg "Top bar image") ###### ![](https://www.beyonddebt.com.au/hubfs/Assets%202019/Tv.svg)Did you see us on TV? - [Click Here](https://www.beyonddebt.com.au/debt-help) ![Close](https://www.beyonddebt.com.au/hubfs/Assets%202019/Close.svg "Close") [![Logo](https://www.beyonddebt.com.au/hs-fs/hubfs/Assets%202019/Images/Beyond%20Debt%20black.png?width=560&height=128&name=Beyond%20Debt%20black.png "Logo")](https://www.beyonddebt.com.au) [![Logo](https://www.beyonddebt.com.au/hs-fs/hubfs/Assets%202019/Images/Beyond%20Debt%20white.png?width=560&height=128&name=Beyond%20Debt%20white.png "Logo")](https://www.beyonddebt.com.au) #### [![Phone](https://www.beyonddebt.com.au/hubfs/Assets%202019/Images/Button%20Copy.svg)**1300 284 091**](tel:1300%20284%20091) #### [![Phone](https://www.beyonddebt.com.au/hubfs/Assets%202019/Images/Button%20Copy.svg)![](https://www.beyonddebt.com.au/hubfs/Beyond%20Debt%20October2017/small-icon.svg)**1300 284 091**](tel:1300%20284%20091) [![Free Consultation](https://no-cache.hubspot.com/cta/default/2583772/02eddd09-66a0-4e61-9e59-63ae64bfd94a.png)](https://cta-redirect.hubspot.com/cta/redirect/2583772/02eddd09-66a0-4e61-9e59-63ae64bfd94a) #### [1300 284 091](tel:1300%20284%20091) - ##### [Eliminate Debt](https://www.beyonddebt.com.au/blog/topic/eliminate-debt) [## How to Get Out of Debt in 2026: The Australian's Step-by-Step Guide (And Free Budget Planner) ](https://www.beyonddebt.com.au/blog/take-control-of-your-debt) [Read Article](https://www.beyonddebt.com.au/blog/take-control-of-your-debt) - ###### [Affordable Living](https://www.beyonddebt.com.au/blog/topic/affordable-living) - ###### [Personal Finance Basics](https://www.beyonddebt.com.au/blog/topic/personal-finance-basics) - ###### [Build Savings](https://www.beyonddebt.com.au/blog/topic/build-savings) - ###### [Handle Money](https://www.beyonddebt.com.au/blog/topic/handle-money) # [Six Reasons you Should be Thinking about Retirement](https://www.beyonddebt.com.au/blog/6-reasons-you-should-be-thinking-about-retirement) - ###### Kristin Perissinotto - ###### 03 Oct 2018 ###### LATEST ARTICLES - Affordable Living - Personal Finance Basics - Build Savings - Handle Money [Back to blog](https://www.beyonddebt.com.au/blog) - Share - [**](https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fwww.beyonddebt.com.au%2Fblog%2F6-reasons-you-should-be-thinking-about-retirement) - [**](https://www.twitter.com/share?url=https%3A%2F%2Fwww.beyonddebt.com.au%2Fblog%2F6-reasons-you-should-be-thinking-about-retirement) - [**](http://www.linkedin.com/shareArticle?mini=true&url=https://www.beyonddebt.com.au/blog/6-reasons-you-should-be-thinking-about-retirement) You might be thinking that retirement is an issue you won't need to consider for a good few years, or even decades. But there are many, many reasons why it's never too early to thinking about retirement - here are 10 of them. ![retirement saving](https://www.beyonddebt.com.au/hs-fs/hubfs/adult-elder-elderly-432722.jpg?width=450&name=adult-elder-elderly-432722.jpg) ## 1. The sooner the better (and easier) The sooner you start putting money away for retirement, the easier saving will become! Seeing your savings or super fund increase will put you in the best mindset to continue contributing. It will add up quicker than you may think! ## 2. Inflation When planning for retirement, you will need to be wary of inflation. There is not way to tell for sure how much our dollar will be worth, but you can use an [inflation calculator](https://www.rba.gov.au/calculator/) for an estimate. ![pension laws australia](https://www.beyonddebt.com.au/hs-fs/hubfs/adult-aged-blur-834863-1.jpg?width=450&name=adult-aged-blur-834863-1.jpg) ## 3. The pension laws are changing The Australian Government recently increased the age of retirement to 70, therefore it became harder for older Aussies to retire and be granted a government pension. If this continues, the age at which you will be able to retire may be a lot older than that of your parents or grandparents! Saving for retirement means you may be able to supplement your pension with saved funds, or you might be able to retire earlier than the government's mandated age. ## 4. Medical expenses The unfortunate reality is that, as we age, we are more likely to require regular medical care. This often comes at a price. Saving for retirement early means you will have peace of mind knowing that you have a cushion incase things do wrong. ![retirement medical](https://www.beyonddebt.com.au/hs-fs/hubfs/aged-arm-cane-40141-1.jpg?width=450&name=aged-arm-cane-40141-1.jpg) ## 5. Retirement isn't free! There is the conception that when you retire, your expenses will decrease greatly, and while this may be true for some people, it isn't always the case. To give your future self the best chance and the opportunity to do things you never had time to do, begin saving now! ## 6. It will get you in the right mindset Being in the savings mindset from a young age will make any kind of saving easier! Whether you're putting money away for the long haul, or for a holiday in a few months, the ability to save is one that you will greatly benefit from. ###### Ready to become debt free? #### Take the first step to a debt free future [Ready to become debt free?](https://info.beyonddebt.com.au/request-a-consultation) ### You might find these interesting - ##### [Affordable Living](https://www.beyonddebt.com.au/blog/topic/affordable-living) ## [Lunch Ideas under $2](https://www.beyonddebt.com.au/blog/lunch-ideas-under-2) - ###### Ben Paris - ###### 07 Sep 2022 - ##### [Affordable Living](https://www.beyonddebt.com.au/blog/topic/affordable-living) ## [What Really Makes You Happy?](https://www.beyonddebt.com.au/blog/what-really-makes-you-happy) - ###### Ben Paris - ###### 11 Nov 2021 - ##### [Affordable Living](https://www.beyonddebt.com.au/blog/topic/affordable-living) ## [What Can Debt Collectors do?](https://www.beyonddebt.com.au/blog/what-can-debt-collectors-do) - ###### Ben Paris - ###### 02 Sep 2021 - [Personal Finance Basics (126)](https://www.beyonddebt.com.au/blog/tag/personal-finance-basics) - [Handle Money (100)](https://www.beyonddebt.com.au/blog/tag/handle-money) - [Everyday Expenses (61)](https://www.beyonddebt.com.au/blog/tag/everyday-expenses) - [Affordable Living (50)](https://www.beyonddebt.com.au/blog/tag/affordable-living) - [Build Savings (33)](https://www.beyonddebt.com.au/blog/tag/build-savings) ## Ready to become debt free? #### Speak with one of our specialists to start your future [![About Beyond Debt](https://no-cache.hubspot.com/cta/default/2583772/e771166e-724a-4461-9ee9-fd819c4c0fe2.png)](https://cta-redirect.hubspot.com/cta/redirect/2583772/e771166e-724a-4461-9ee9-fd819c4c0fe2) [![Get Help](https://no-cache.hubspot.com/cta/default/2583772/8ac6a951-8425-44d9-91d4-0928fca0084e.png)](https://cta-redirect.hubspot.com/cta/redirect/2583772/8ac6a951-8425-44d9-91d4-0928fca0084e) #### [![Phone](https://www.beyonddebt.com.au/hubfs/Assets%202019/Images/Button%20Copy.svg)![](https://www.beyonddebt.com.au/hubfs/Beyond%20Debt%20October2017/small-icon.svg)**1300 284 091**](tel:1300%20284%20091) - ![Family-Owned-transparent-300x158](https://www.beyonddebt.com.au/hs-fs/hubfs/Assets%202019/Images/Family-Owned-transparent-300x158.png?width=115&name=Family-Owned-transparent-300x158.png) - ![pipa_logo_transparent_300w_100h](https://www.beyonddebt.com.au/hs-fs/hubfs/Assets%202019/Images/pipa_logo_transparent_300w_100h.png?width=151&name=pipa_logo_transparent_300w_100h.png) - ![Feefo](https://www.beyonddebt.com.au/hs-fs/hubfs/Feefo.png?width=115&name=Feefo.png) ##### Debt Help ##### Company ##### Resources Beyond Debt is a trading name of DCS Group Aust Pty Ltd. Australian Credit License: 382607. RDAA Number: 1126. PO Box 3074 Newstead, QLD, 4006. DCS Group operates under a Limited Liability scheme approved under Professional Standards Legislation [Privacy Policy](https://www.beyonddebt.com.au/privacy-policy)