If retirement was on your horizon in the next five years or so, the market downturn due to COVID-19 coronavirus might have prompted you to take a closer look at your superannuation and how it’s invested. Perhaps you’ve seen your balance drop and are now...
Investment markets globally are experiencing significant volatility as economies around the world try to navigate the unchartered waters of the COVID-19. If you’re approaching retirement this volatility can be a source of anxiety, and it can be difficult to understand what a person can do...
Finding the right level of insurance cover is important when you’re thinking about retirement. If retirement’s coming up on your horizon, the impact of COVID-19 (coronavirus) may have thrown a warehouse-sized rack of spanners in your planning. It makes sense to concentrate on things you can control,...
The government’s introduction of the Retirement Income Covenant scheduled to start on 1 July has been deferred to allow continued consultation and legislative drafting to take place following the coronavirus crisis.
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In the past few weeks, we have seen economies be brought to a standstill by COVID-19, unprecedented social measures announced by governments around the world, and a new, unusual rhythm of living that many of us are still settling into.
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The Australian Federal Government has proposed two key measures to help retirees and those receiving income support to manage the financial impact of COVID-19. 1. Lower minimum pension drawdown rates The government has announced a 50% reduction in the minimum income drawdown from account-based pensions and similar...
The spread of coronavirus has been followed by some of the biggest plunges in share markets since the global financial crisis (GFC), both here in Australia and around the world. There’s nothing new about a market correction, but for those close to retirement in can be...
Responsible lending guidelines are designed by financial regulators to protect the vulnerable from entering into more debt than they’re able to service, but are having a knock-on impact on some retirees. One reader complained that, despite having held a credit card with the same institution for 15...
Concerning new research shows that 4.2 million working Australians were living hand-to-mouth well before the current Covid-19 financial crisis hit, with older working Australians struggling the most. The findings uncovered that 43 per cent of those over 60 were either reverting to their credit card...
The new year is a great time to start thinking about your future and how you would like to spend your retirement. As well as creating a bucket list of things you’d like to achieve or experience in the next stage of life you should also...
He is also an accomplished presenter and educator
Co-authoring the popular investment book, Property vs Shares.