Can super secure women’s future?
Here are some stark numbers on the difference between men and women at the point when they retire: 80% of women are retiring without the super balance they need to fund a comfortable lifestyle. On retirement, women’s average superannuation account balance is around $70,000 less than men.[1] To be balanced, we should remember there are…
Retirement planning? Even multimillionaires can run out of money
Once upon a time in the U.S., not long ago, the “4% rule” was a reasonable (albeit very general) rule of thumb for everyone (including the wealthy) planning their retirement. You probably could expect to spend around 4% of your assets annually and be unlikely to run out of money during the rest of your…
How retirees can navigate jumpy markets
The big issue for investors in or close to retirement, is risk. The 2020 COVID-19 share sell off and recent equity market volatility shows just how quickly share prices can move. Volatility can have different meanings for different investors, those with a long-term horizon can be less concerned, knowing they have time on their side….
Navigating uncertainty in retirement
While wealth transfer from one generation to the next is putting pressure on financial planning practices to attract younger clients, there’s no doubt that advice during the retirement years is still a mainstay of the profession. With draft retirement income covenant legislation expected to make its way through Federal Parliament by July 2022, there is…
Retirement: How to beat inflation
Investors with long memories – or a good education – will recall the bad old days when inflation was the economic bogeyman. It broke Germany’s Weimar Republic in the 1930s and nearly cratered America’s economy in the 1970s. Fortunately, inflation has been a non-issue in Western economies for decades. But is that about to change?…
Risk in retirement: finding the right balance
For many of us, retirement means dream holidays, reading books and spending time with grandchildren. However for some Australians, the notion of enjoying their golden years after a lifetime of hard work hit a roadblock last year when COVID-19 struck, and hit economies and markets hard. Many businesses were affected by COVID-19 and the associated…
How To Set Up A Portfolio From Scratch
Truth be told most of us want double-digit returns on our investments each year, and we don’t ever want to lose money. And in our naive way we try to achieve this aim by randomly choosing fast-moving stocks, blindly following trends and generally taking on too much risk. When we don’t earn double digit returns…
Disastrous retirement strategies
We all know that there is no such thing as a low risk, high growth investment product, which provides a guaranteed return. And we also know that in order to maintain a good lifestyle in retirement, our super savings need to be fairly substantial. But many Australians continue to play Russian roulette with their retirement…
The Secrets To A Successful Retirement
Your financial resources are the best predictor of a successful retirement… As financial planners, we are heavily focused on our clients being financially well prepared for the retirementthey desire. And, the psychological research that we discuss in this article suggests that the adequacy of your financial resources is the most important indicator of a successful adjustment…
Why we should leave super at 9.5%
It’s conventional wisdom that Australians don’t save enough for retirement. Most workers themselves think they won’t have enough to retire on, and their concerns are rising. But the conventional wisdom is wrong. Our new report, Money In Retirement: More Than Enough shows that most people who are actually retired feel more comfortable financially than the…
