Super & Retirement

What will you spend in retirement?

By Wealth Foundations It is often said that 25 times your desired retirement spending is a good rough guide to how much investment wealth you need to accumulate to be able to support your desired retirement lifestyle indefinitely or for financial independence. Of course, the usefulness of this proposition depends on having some idea of…

The Retirement Timing Fallacy

Wealth Foundations There have been numerous studies done over recent times about the cost of retiring at the wrong time. As investors, we need to manage the balancing act of taking on enough risk to maintain our purchasing power, but not too much that it jeopardises our affairs. Over the long term, we expect to…

Global economic shakeout: the cracks in Australia’s superannuation nest egg

By Michael Rafferty, University of Sydney Think the share market volatility doesn’t affect you? Guess again. With almost 60% of Australian superannuation funds invested in shares, anyone paying compulsory super contributions has something to lose from the current ructions. University of Sydney superannuation expert Mike Rafferty explains why all of us, young and old, should…

Is Now The Time To Switch To A Lower Risk Super Option?

There’s a cooler breeze sweeping through Australia based on a new era of conservatism. People are saving more and spending less, taking on less debt and reducing risk across their investment portfolios. The hot-headed debt binge of the early 2000s is well and truly over. Super investors should be evaluating their portfolios in line with…

Stop paying for advice you don’t receive

It’s estimated that roughly $2 billion each year is taken out of investors’ accounts and handed over to financial advisers and product providers who offer no financial advice for the fees charged. It’s highway robbery, but until laws caught up with the scam, there was nothing that investors could do about it. Upfront and trailing…

DIY Super: Gain From Sharemarket Losses

Losing money on shares doesn’t have to be the end of the world – in fact, there are times when capital losses are actually more lucrative than capital gains. How is that? Take the instance of an in-specie transfer of shares into a super fund. This occurs when a person transfers their shares from their…

How much money do you need to comfortably retire?

We’re all getting used to spending more and receiving less as prices for food, utilities and housing keep jacking up. While this is bearable for those with rising incomes, it isn’t bearable for retirees who have a finite amount of money to live on. If you sit down with a financial planner to discuss your…

Filling Up Super At The Last Minute

The process of saving for retirement tends to follow a similar timeline for the majority of Australians. Most of us undertake very little saving for retirement in our 30s and 40s, and then desperately try to make up for lost time in our late 50s and early 60s. But due to proposed legislation changes, filling…

Facing Financial Or Health Difficulties – What About Accessing Your Super Early?

We’re all taught that our super is locked away and can’t be accessed until we retire, or die – but it’s actually not the case. There are situations when the door to the super vault can be opened to meet living expenses, to prevent the bank selling your home or to pay for medical expenses…

Emergency Retirement Options

As the global market downturn depresses share prices and shrinks pension coffers, many retirees are thinking about topping up their regular pension payments with earnings from part-time work, or even supplementing it with a part-age pension. But the conundrum many face is: Can I officially retire, draw down a pension and then return to work?…

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