How to prepare for retirement both emotionally and financially | Q&AMP

Retirement is a new and exciting chapter of life. As with any major life change, it’s important to have a retirement plan that prepares you both emotionally and financially for what lies ahead. AMP Capital Senior Economist Diana Mousina and AMP Workplace Education Manager Jess Arambulo discuss why you should spend time preparing for retirement and learn the strategies to employ when adjusting to retirement life. Watch for practical tips on how to prepare for …

Superannuation 101: Your guide to a happy retirement | Money & Life

Superannuation 101: Your guide to a happy retirement Superannuation is a handy way of saving for retirement, so that you’ll have an income to live on once you’re no longer working. With Aussies living longer than ever before, you could be looking forward-to many happy years of retirement. Having a financial nest-egg to support you into old age is essential. Australia’s superannuation system is a highly regulated and efficient way of saving for your retirement. …

Covid-19: Is now the right time to retire? | Q&AMP

Coronavirus (COVID-19) is changing elements to the superannuation and retirement of Australians. AMP Capital senior economist Diana Mousina and technical strategy manager John Perri discuss whether now is the right time to retire, or whether it’s better to delay retirement plans. Watch to find out the factors to consider before deciding to retire, including when you plan to leave the workforce, your super contributions and any other retirement income, as well as what you can …

Why it’s important to think about insurance ahead of retirement

  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, such as insurance. Too-high premiums can chew away at the foundations of your savings, at a time when they’re more important than ever. Under-insure and one …

Retirement planning: new insights on what clients need most | Money & Life

Retirement planning: new insights on what clients need most What can make the biggest difference to wellbeing in retirement? According to the new Best Possible Retirement Index (BPR Index©) from CoreData, having more in super savings isn’t always the answer to living a better life in retirement. Typically, Australians worry about money more than they worry about anything else and this can have many negative impacts on our lives. The good news is that financial …

Working in retirement | Money & Life

Working in retirement Work Bonus is an incentive for pensioners to work past retirement age. It allows pensioners to earn more from working each fortnight before their pension payment rate starts to reduce. Retirement can often feel like a lifetime coming. But once you actually get there, it can be both exciting and a little bit daunting. It’s a major life adjustment, and particularly so if you’ve spent decades in the workforce. It’s important to …

Is it time to throw out the retirement planning rulebook? | Money & Life

Is it time to throw out the retirement planning rulebook? A ‘mix and match’ approach to advice is replacing one-dimensional thinking around retirement income. Based on their attractive tax treatment, other than the Age Pension, account-based pensions (ABPs) remain a retirees’ primary and often only source of retirement income. However, given that the likes of ABPs and term deposits are agnostic to the individual objectives of retirees, there is a growing appetite by financial planners …

A guide to retirement in Australia | Money & Life

A guide to retirement in Australia | Money & Life Many of us think of retirement as a given – you work hard for your middle years, and then you get to bow out of the workforce and enjoy a well-deserved rest, take those bucket-list trips and enjoy the best life has to offer. After all, you’ve made your contribution and now you’ve earned the right to kick back. But unfortunately, retirement isn’t that simple …

3 factors affecting Retirement income

3 factors affecting Retirement income High life expectancy and low interest rates may make it harder for some retirees to live long and prosper.  Here we look at three elements from an AMP Capital Investors reporti that affect a post-work reasonable income – interest rates, inflation, and longevity. 1. Interest rates – high valuations, low returns Historically low interest rates have driven valuations of defensive assets such as cash and fixed interest to unprecedented highs. Generally, …