Emily, 59, works full-time and receives a salary of $125,000 gross per annum. She has $580,000 ($116,000 tax free, balance taxable-taxed component) in her superannuation fund, and is considering using a transition to retirement strategy (TTR), so that she can work part-time. Her part-time wages will reduce to $100,000 gross per annum. Emily needs a similar amount of net cash flow - at least $90,000 per annum, to live on if she was to move to part-time. Required: a) b) c) d) Explain to Emily how a transition to retirement (TTR) strategy can be of benefit. Show Emily the financial outcome of her current situation compared with commencing a TTR strategy - drawing $25,000 gross per annum as a pension from her super. Explain the differing results. If Emily has a home loan of $260,000, at 2.5% per annum, should she draw more to reduce her mortgage? Include a discussion explaining your recommendation.