Retirement – Page 3

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 …

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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 …

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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 …

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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 …

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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, …

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Rebooting for retirement

Rebooting for retirement As retirement comes into view, it’s time to imagine a new you for the post-work age. You remember your first day at school, your first job, your first home. And now your final pay check is in sight. That’s quite an achievement. As with other big life events, retirement triggers choices that shape your future. It’s time to take stock and reboot your life. It makes sense to make sure you’re ready …

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How Much Superannuation is enough?

How Much Superannuation is enough? When you plan for retirement you will probably develop a financial plan intended to increase the amount you have for retirement. If you are on an average wage of about $85,000 p.a. before tax, you’ll need to save about 15 to 20 times that amount for retirement – about $1.3 to $1.7 million at today’s prices. You’re probably nowhere near that. There are other ways of estimating what you may …

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Types of Retirement and Superannuation Pensions explained

Types of Retirement and Superannuation Pensions explained If you’re retirement planning and wondering how you can access your super via different types of retirement pensions, how these differ to the government’s age pension, and what you should know if you’re considering withdrawing your super as a lump sum, it’s a good idea to get across the information below. Keep in mind that to access your super, you generally need to have reached your preservation age …

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Can I go back to work if I’ve accessed my Super?

Can I go back to work if I’ve accessed my Super? When you access your super at retirement your super fund may ask you to sign a declaration stating that you intend to never be employed again. But there may be compelling reasons why someone would subsequently return to work. According to the Australian Bureau of Statistics (ABS) the most common reasons retirees return to full or part-time employment are financial necessity and boredom.i Regardless of …

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How to retire early

How to retire early Whether you choose or need early retirement, having a plan can give your money the best chance of lasting the distance. Whether lifestyle preferences or circumstances beyond your control are behind your decision to retire early, you’ll need to make a plan to help your retirement savings last, while still enjoying a few of your favourite comforts in life. Here are some retirement planning tips to consider when thinking about retiring …