How to work out your retirement number The amount of money needed for retirement is not one size fits all. How you’d like to spend your retirement is as unique as you. From the big life changing goals, to the smaller, more personal ones that give your life meaning. There’s no defined age you must retire by, and it isn’t just about your finances. Your state of mind, where you’d like to live, how you …
What is the retirement age in Australia? With no definitive retirement age in Australia, the date you exit the workforce will probably come down to personal circumstances and whether you can afford it. The age you retire in Australia isn’t set in stone. You can really retire whenever you want to, but health, financial commitments and your ability to fund the lifestyle you want will play a big part. For this reason, you may want …
How to retire, your way How you’d like to spend your retirement is as unique as you. From the big life changing goals, to the smaller, more personal ones that give your life meaning. There’s no defined age you must retire by, and it isn’t just about your finances. Your state of mind, where you live, how you spend your time as well as your goals, all play a big part. Living well in retirement …
Prepare for retirement……without missing out today If you’re looking for a way to start saving for your retirement, but still enjoy your lifestyle today, you’re not alone. Recent research shows 54% of Australians aged 55-64 want the same thing.i No doubt you already have a cashflow system in place, but perhaps it’s time to revisit it. It could be the first step to achieving your retirement goals, and really can make a difference to your …
Money mistakes people make in their 50s and 60s Avoid these common money traps to make sure you have enough put aside for a comfortable retirement. When you’re in your 50s and 60s, you know you’ve worked long and hard for what you’ve achieved in life and probably have a fair idea of how you want to live in your future retirement. But it’s important not to become complacent and ignore the warning signs of …
Money can buy you happiness – if you spend it right At AMP’s recent Amplify program, high-profile Harvard Business professor and behavioural finance expert, Michael Norton, asked the crowded room a question. If you found $20 in the street today, how would you spend it to make yourself happiest? Norton, whose TED Talk on money and happiness has attracted almost 3.5 million views, followed up with another question: Think of the last $20 you had …
How to create visibility on spending goals in retirement Retirees looking to develop a sustainable financial plan face a challenging technical problem. So it makes sense to simplify some of the inputs. Those of us who focus on the production of investment returns for retirees’ financial assets often choose to make simple assumptions about consumption patterns in retirement. However a more detailed understanding of priorities for spending in retirement can inform the design of appropriate …
Why tax aware investing can help boost retirement income With the huge bulge of baby boomers entering retirement, and yields at near-record lows, there is an emerging rediscovery of the vital role equities can play in delivering retirement outcomes. Equities provide retirees with a regular and reliable income that grows over time. They not only generate income and strong expected returns, but also protect against inflation risk and longevity risk (the risk of outliving your …
Living longer, working longer and super balances larger Australians with the best life expectancy in history will have to work longer in order to be able to fund their retirement. But research has found only half of all working Australians will be healthy enough to work in to their golden years. The latest AMP.NATSEM report, Going the distance: Working longer, living healthier, has found the majority of Australians have less than a 50 per cent …
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 …
