Tag Archives: retirement
More Experience Does Not Mean More Ethical
November 26, 2020
With an ageing population and increased longevity, it is becoming increasingly difficult for the government to provide the same level of support to retirees. The responsibility of financially preparing for retirement is gradually shifting from the government to each individual and, given the complexity of legislation and financial products available on the market, more and […]
Retirees Fear Running Out of Money
August 21, 2020
People are living longer Life expectancy in Australia has improved dramatically in the last century. Compared with the figures in 1881–1890, people these days can expect to live around 34 years longer. […]
Maintaining a Self-Managed Super Funds in Retirement
November 20, 2019
Self-managed super funds (SMSFs) are usually set up by people who want to have a more direct ‘hands-on’ role in running the fund, or where the members have a special interest in holding a certain type of asset within the fund. There are certain attractions that SMSFs have, which prompt individuals to establish their own […]
Self-employed: working till they die with no backup plan
November 2, 2017
Approximately 10% of the workforce in Australia is self-employed and it is currently not compulsory for them to make superannuation contributions since the Superannuation Guarantee largely applies to employees only. While self-employed are busy focusing on the day-to-day running of their businesses, many overlook the advantages of superannuation and generally fail to plan ahead for […]
Pre-Retirement – Re-contribution is still alive, but the timing is essential
September 11, 2017
Numerous superannuation strategies can be developed to enhance an individual’s position prior to retirement. Here we look at one of them, called the ‘re-contribution strategy’. Re-contribution is an alternative strategy to rolling super into a pension. In this case, one takes a lump sum out of super first and then puts the money back into […]