Celebrities aren't exactly known for putting together a good retirement savings strategy. All too often we hear stories of washed up actors and rock stars who are struggling in their old age – if only they had paid more attention to their superannuation plan!
But not every famous person ends up struggling to make ends meet. In fact, some of your favourite celebrities from the 1950s and 60s are doing just fine in their golden years – financially, at least. Hopefully, they will serve as inspiration to get your own retirement plan under control and start preparing for the future.
Everyone's favourite octogenarian Betty White first made a name for herself as a talk show host in the 1950s and 60s, before going on to star in legendary TV shows like The Mary Tyler Moore Show and The Golden Girls. Today, at the ripe old age of 91, Betty White is still popping up on our tellies in guest roles and projects such as Betty White's Off Their Rockers.
In 2012, Betty was named the top retirement role model in a survey of seniors conducted by Hartford-MIT AgeLab. The reason? It was generally agreed that Ms White well and truly "knows how to laugh", showing that age truly is no barrier to having fun.
At the age of 78, Dame Julie Elizabeth Andrews brings true meaning to the term 'ageing gracefully'. Since debuting on London's West End in the 1940s, Ms Andrews went on to star in a number of our all-time favourite musical films, including Mary Poppins and The Sound of Music.
These days, Julie prefers to do her acting off-screen, using her still-beautiful voice to portray characters in animated films such as Shrek and Despicable Me. Plenty of elderly people choose to continue working in less-stressful roles after they leave the full-time workforce, and Julie Andrews is a perfect example of how great an option this can be.
German actress Luise Rainer – born January 12 1910 – is a two-time Academy Award winning actress, having taken home the Oscar two years in a row for roles in The Great Ziegfeld and The Good Earth. She continued acting right up until 1997, with her final performance being a small role in the drama film The Gambler.
Since then, Luise has quietly gone into retirement, making only rare public appearances. She passed her 100th birthday in 2010, and was honoured with a star on the Boulevard der Stars in 2011 – the German equivalent of the Hollywood Walk of Fame. A legendary career and a peaceful retirement, talk about a life well lived.
Retirement is the road less travelled for 1960s rock stars. Many of the great musicians of that generation either passed away before their time, or kept on strutting up and down the stage long after they probably should have hung up their spandex (we're looking in your direction, Keith and Mick).
However, Jefferson Airplane front woman Grace Slick is the exception to the rule. After a hugely successful career, Slick left music in 1988 and mostly stepped out of the limelight. Never one to mask her opinions, Slick gave an interview with VH1 in 1998 in which she argued that "all rock-and-rollers over the age of 50 look stupid and should retire". Whether or not you agree with that, you certainly have to admire her for choosing to spend her retirement out of the bright lights of stardom.
All of these celebrities are a great example of how enjoyable retirement can be – as long as you've been money smart and put away a tidy retirement kitty. If you'd like to follow in their footsteps, it might be time to take a look at your super fund to see how you can really maximise your savings.
Can you think of any other famous celebrities who have aged gracefully?