The cost of retiring just increased, with surging fuel costs and the rising price of food and healthcare negatively impacting a retiree’s bottom line. According to the latest figures by the Association of Superannuation Funds of Australia (ASFA), the cost of retiring increased in the June...
Whether downsizing your home, relocating to a new city, modifying your existing property, or entering an independent or assisted living arrangement is on the cards, thinking ahead could create more certainty. When thinking about your retirement, financial and non-financial considerations will all play a part. Downsizing your...
What is the Age Pension and am I eligible? The Age Pension is an income support payment provided by the government to people who have reached age pension age. Generally, to be eligible you must: be aged 66 or over, depending on when you were bornbe an...
If you’ve thought about how much money you need to save so you can retire comfortably, it might feel a little daunting. Maybe so much so, you’d rather not think about it at all. But, according to AMP Technical Strategy Manager John Perri, there are three...
When it comes to planning for retirement, it’s important to prepare yourself emotionally and financially. If you’re building your retirement plan, here are some things you may want to think about. You may need to fund a longer retirement Australians are living longer so more of us...
Whether retirement is a long way into the distance, or just peeking over the horizon, recent research shows half of us aren’t sure we’ll have enough money to retire when we want, or even how much money we’ll actually need. There’s always been a lot of...
From 1 July 2021, the contributions your employer is required to make into your super fund, under the super guarantee, will increase to 10% of your before-tax income. The super guarantee will increase from 9.5% to 10%, as planned, on 1 July 2021. The outcome of this...
The reduced minimum pension relief that will now apply for the 2022 financial year is not restricted to account-based pensions, said a legal specialist.
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I wrote about the Pension Loans Scheme (PLS) a few years ago, but I thought it would be worthwhile to revisit the Scheme, how it operates, how it can assist either long term or short term and tell you about some new features. Why did I think it...
Economists and historians will no doubt hark back to 2020 as not just the year of Covid-19 but of higher unemployment and ultra-low interest rates, of stockmarket upheaval and Australia’s first recession in almost three decades. If you’re a retiree in 2020 or hope to become...
He is also an accomplished presenter and educator
Co-authoring the popular investment book, Property vs Shares.