Your super balance will most likely play a big part in how comfortably you live in retirement. See the average super balance for your age group, so you can get an idea of how your super savings compare. Reach out to us if you need advice.
If you receive the Age Pension, recent changes to means testing for retirees could put more money in your pocket. These changes impact the assessment of certain lifetime income streams that began on or after 1 July 2019 (including any that you take up now).
It’s natural to feel nervous when markets fall, but history tells us that markets trend upwards in the long run – and switching investment options at the wrong time can have a negative impact on your overall long-term invest.
Is it really possible to live within your means and still enjoy life? The answer is yes and with just a few important changes you can start spending less and lose the debt.
When you’re still employed and earning a salary, there’s money coming in you can rely on. In retirement, in the absence of a regular salary you’ll need to find a new way to secure enough income to cover your living costs.
Investing your money is one way to make the most of your savings and provide an income in retirement but if you’re expecting savings and investment earnings to help cover your expenses, it’s important to get your strategy right.
Many older Australians often include their family home as part of their long term financial strategy. Interestingly, they can explore the option of investing the proceeds from selling their home into superannuation fund, known as downsizer contribution. Is it for you?
It’s natural to feel nervous when markets fall, but history tells us that markets trend upwards in the long run – and switching investment options at the wrong time can have a negative impact on your overall long-term invest.
Whether you’ve just started out in the workforce, or you’re getting ready to call it a day, it’s always a good time to start planning for life after work. Find out how.