Pension Payments are Going Up!
Twice a year, Commonwealth benefits are automatically adjusted. In the current high inflation environment, this month’s adjustments are quite substantial.
What’s the Ideal Age to Retire?
What’s the ideal age to retire? We came across some intriguing research recently that shows that people’s ideal retirement age changes as they get closer to actually retiring. And, perhaps surprisingly, the closer we get to leaving work, the more we want to keep working!
Wanna Know a Super Secret for Retirement?
You can generate super savings in two ways: contributions and investment earnings. While you work, investment earnings are really important. Once you retire, earnings become even more important.
Wanna Know a Super Secret?
Working Australians contribute money into super each year. It may be tempting to think that these contributions make up the bulk of your retirement savings. But, for most people, that’s not how it works. There’s a super secret and we want to let you in on it.
Retire Well with an Income Stream
You know that the worst of Covid is behind us when the rules for your super start to bounce back to normal. On July 1 this year, we saw yet another temporary Covid measure come to an end. Minimum income stream payments are back to where they were in 2019.
Superannuation When Retirement Comes into View
This is the third in our trilogy examining superannuation throughout a working life. Having looked at those people starting out in their career and those in the middle decades of their career, let’s focus on people in the last ten to fifteen years of their working lives. People for whom the gold watch of retirement is coming into view.
How to Find Yourself Singing in the Rain
Last week we discussed how the Governor of the Reserve Bank Phillip Lowe recently recommended that home borrowers ensure that they have a ‘buffer’ against the time when interest rates inevitably rise. Interest rate buffers are not the only type of buffer in good financial planning. Buffers are used in many areas, but the need for buffers always comes from the same source: understanding that the way things are now is not likely to be the way things are in the future.
Pensions Loan Scheme
This week, we want to explore the concept or borrowing in retirement a little more fully by looking at a unique way of doing so – the Commonwealth Government’s Pension Loan Scheme.
Dear Abbey
We love reading those ‘Dear Abbey’ type letters to the newspaper. Especially the financial ones. Here is a classic we read recently – and what we would do if this were our client.
Account-Based Income Streams
Super is not supposed to be locked up forever. Super is intended to be withdrawn and used to finance your retirement. In this article, we take a closer look at withdrawing your super slowly over time, using an income stream.