Honey, the kids shrunk my retirement An increasing number of Peter (and Peta) Pans are refusing to fly the coop, staying in the family home well into adulthood. It’s estimated that in the next five years, more than one million 18 to 29-year-old Australians will still be living with their parents. Put another way, nearly a third of people close to retiring will still be supporting their adult children at the end of this decade.i …
See How You Can Build Towards Your Retirement How can we help in your Retirement? Here we look at how you can maximise your income in retirement, whether you’re: a long way off retirement close to retirement or already retired. Retirement still more than 10 years away Retirement can seem irrelevant when you’re in your 30s or 40s. There are so many other things you can do with your money – go overseas, buy …
Time to start planning your retirement for tomorrow Take control of your super. Retirement may seem like a long way off, but putting money into super now is still a tax effective way to invest your money. Retirement still more than 10 years away Retiring within the next 5 – 10 years Already retired What’s your retirement number? Start exploring yours with the AMP retirement needs calculator at amp.com.au/retirementnumber Retirement …
Downsizing – is it right for you? If you are heading towards retirement, or perhaps already in it, downsizing may have crossed your mind. And you might have some questions – does it make sense financially? Is a smaller home better suited to my situation? At first glance, it would seem that downsizing is a popular choice amongst older Australians. However recent research (Downsizers and Other Movers – The Housing Options Choices and Dilemmas …
Top places to retire in Australia and overseas As Australia’s cost of living continues to rise, more and more retirees are seeking value for money–and not always in their own backyards. While some Aussies choose to stay in the family home in retirement, many are stretching their wings and enjoying life elsewhere in Australia, and overseas. Retirement hotspots in Australia Popular retirement destinations in Australia offer unique attractions: Sunshine Coast, QLD–a relaxed community atmosphere, local …
Paying your bills in retirement Retirees and those nearing retirement have learned the hard way the importance of holding a portion of their nest egg in low-risk fixed income investments. During the financial crisis cash and bonds not only outperformed shares and property, they helped investors protect their capital and pay the bills.1 Now that interest rates on most term deposits are below four percent 2 and the official cash rate is at record …
Achieving a comfortable retirement Many women dream of a retirement where they can kick back and relax, do whatever they like and be free from the demands of others – actually focusing on caring for themselves. But this step often means being free from financial worries or concerns and for a large proportion of women, the prospect of a comfortable retirement can seem elusive. Especially when you do the sums. The latest Intergenerational Report …
How to keep SMILE-ing in retirement If you’re crunching the numbers to work out how much you need in retirement, it’s time to sit down and take a deep breath… The latest Retirement Standard from the Association of Superannuation Funds of Australia estimates that people retiring today, who are in good health and own their own home outright, will need $430,000 if single and $510,000 for a couple to maintain a comfortable standard of living …
Women need a plan for ‘early’ retirement We know women generally live longer than men, but new research shows the majority of Australian women are unlikely to work past the age of 65, making it more important than ever for them to take control of their finances early and plan appropriately for life after work. The latest AMP.NATSEM Report, Going the distance: Working longer, living healthier, has revealed the gender gap in the Australian workforce …
EOFY (End of Financial Year) Tips Act before 30 June! There are strategies to help you pay less tax this year but you’ll need to get started before 30 June. Explore the tabs below to find out how to keep more of your money with our EOFY (End of Financial Year) Tips. Keep more in your hand this financial year With the financial year-end fast approaching, now’s the time to think about how you …
