MONEY MATTERS: When is the best time of year to retire from work?

By Russell Tym
Updated November 28 2017 - 1:10pm, first published 12:00pm
A QUESTION OF WHEN: Whether you choose to stop working at the end of the financial year or at Christmas time can make a substantial difference to your financial future, according to Russell Tym. Photo: FILE PHOTO
A QUESTION OF WHEN: Whether you choose to stop working at the end of the financial year or at Christmas time can make a substantial difference to your financial future, according to Russell Tym. Photo: FILE PHOTO

Christmas is a popular time to retire. It makes practical sense to finish at the end of a year, even though July might be better for tax reasons. When is the right time to end a career anyway? Many would say, when they have saved enough money to live comfortably thereafter.

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