How the retirement of the Boomers will affect the economy

  From psychedelic drugs and the birth of rock and roll in the sixties to the sexual revolution and female equality of the seventies through to the rapid up take of personal computers in the eighties, Australian ‘baby boomers’ have always caused waves. Now as they move into retirement, the groovy generation are about to … Read more

Six retirement wrongs that could send you broke!

While retirement should be the best years of your life, many Australians make simple, avoidable mistakes with their finances that can leave them dependent on the age pension and without the funds to really enjoy life. However, with some simple good advice at the start of retirement, these mistakes can usually be avoided, leaving retirees … Read more

Are you sacrificing your retirement for your adult children?

According to Finder.com, 44% of Australian parents feel the urge to subsidise their adult children’s lifestyles. Besides helping with expenses such as university fees, utilities bills, etc., as home ownership moves beyond many young peoples’ reach, parents provide a leg-up into the housing market. It’s natural to want to ensure your children’s financial security, regardless … Read more

Closing the gender superannuation gap

Most people, when asked about retirement, will tell you they’re looking forward to it. However, for many women, the approach of retirement is viewed with uncertainty. In recent times a spotlight has been shone on the gender pay gap, resulting in greater awareness of women’s conditions in the workforce. Yet we’re still overlooking how lower … Read more

Account-based pensions

An account-based pension offers regular, flexible and tax-effective income from your superannuation. You can get one when you reach ‘preservation age’ (between 55 and 60). It lasts as long as your super money does, but is not a guaranteed income for life. How an account-based pension works An account-based pension (or allocated pension) is a … Read more

How to transition to retirement

As you get closer to retirement, you’ll start to wind down and want to work less without compromising your lifestyle. That’s where a Transition to Retirement Pension (TRP) could work for you. It could help you through the next stage of life when you’re not quite ready to give up working yet. Work less for … Read more

Six ways to maximise your retirement savings

You might think there’s not much you can do to increase the value of your superannuation in retirement. But with Australians now spending close to 30-years in retirement on average[1], our super needs to last longer than ever. As a consequence, the federal government has proposed some changes to superannuation that will make it easier … Read more

Retirement planning in your 50s: choose your own terms

Early retirement planning never hurt anyone. Here is the steps many of his 50-something clients take in order to make the best retirement plans. Retirement planning strategies Financial advice isn’t about making the most money all of the time. It’s about coming up with solutions and strategies to help you meet your personal goals. When … Read more

Should I rent or own a place in a retirement village?

  Key points: There are varying tenure types that can impact your rights over a property in a village Make sure to understand all the costs and fees that are associated with taking a placement in a retirement village Legislation and regulations differ depending on the State or Territory you live in Generally, the deciding … Read more

50% reduction in pension minimums extended to 30 June 2022

Early in 2020, the Government helped retirees to manage the impact of volatility in financial markets on their retirement savings by temporarily reducing the minimum amount that is required to be withdrawn as pension payments each year by 50%. This reduction was expected to finish on 30 June this year, however on 29 May, the … Read more

There’s more than one way to boost your retirement income

After spending your working life building retirement savings, you may be reluctant to eat into your “nest egg” too quickly. This is understandable, given that we are living longer than previous generations and may need to pay for aged care and health costs later in life. But this cautious approach also means retirees are living … Read more

Meeting the needs of future retirees

  Australia’s superannuation market is rapidly maturing, with 65% of Australia’s $2.8 trillion super assets sitting in the hands of fund members aged 50 years and older. Balances on average are also increasing and, with Australia having one of the longest life expectancies in the developed world, people will be spending a lot of time … Read more