I discuss the increasing complexity of strategy and product options for retirees.
The May 2021 Federal Budget has proposed some opportunities for people approaching retirement or who are already retired, to contribute more money to superannuation. For many people, the tax and Centrelink concessions offered by the superannuation environment will prolong or enhance their living standard during their retirement years. A summary of the people who may […]
This year’s Federal Budget covers a range of measures including superannuation, tax and support for home buyers. Note: These changes are proposals only and may or may not be made law. Summary More flexibility around super · Repeal of the work test: Currently, Australians aged 67 – 74 must satisfy a work test (or the […]
Many people feel uncertain as they approach retirement, due to issues related to their financial, emotional and psychological situation. Surprisingly, research from CoreData has revealed that 50% of Australians retire earlier than they expected due to unexpected health issues, loss of employment or to care for other family members. The main fears expressed by pre-retirees […]
Most people wanting to maintain an enjoyable lifestyle during their retirement years will face many unknowns, any of which could easily derail their plans. Uncertainty surrounding lifespan, health, investment returns and their sequence and inflation make at least an annual review of your personal circumstances and goals mandatory. This allows adjustments to your spending rate […]
Extreme levels of uncertainty fir retirees, mean there has never been a greater need for high quality, affordable advice. In this article, Capital Group (Post-retirement investing: a framework for advice tailored to investor needs – Nov 26th 2020) propose an investment portfolio construction framework, that retirees can apply to their own situation. Investor needs differ […]
According to the Responsible Investment Association Australia (RIAA), most Australians expect their savings (87 per cent) and their super (86 per cent) to be invested responsibly and ethically. Three-quarters would consider moving their banking, super or other investments to another provider if they found out their current provider was investing in companies engaged in activities […]
We are now seeing a higher proportion of people making the decision to retire well before the traditional retirement age of 65. In some cases, older employees who have lost their job during the COVID-19 pandemic period and found their re-employment prospects low, have decided to bring forward their retirement date. Apart from the financial […]