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I speak at a lot of retirement seminars and the most common question is, “How much do I need in my superannuation to fund a comfortable retirement?” The answer is very individual because it depends on what sort of retirement lifestyle you choose. Everyone is different, with different spending habits, hobbies and passions. ASFA benchmarks:… Read more »
Taxing unrealised gains on investments is incredibly messy and goes against the spirit of investing, so it’s good to see the federal government has had a rethink of its proposed new tax changes on superannuation balances over $3 million. The tax will now be based on realised capital gains, along with interest and dividends. But… Read more »
Boomers, we are not to blame. I’ve talked about the intergenerational wealth wars a lot in the past where younger Australians begrudge older Australians for everything from pushing up property values and living a more lavish lifestyle, to retiring on supposedly excessive superannuation payouts. As I’ve said before, these intergenerational wars of financial envy are… Read more »
It’s very easy to chuck retirement planning into the too-hard basket, especially when you’re still young. But trust me – it’s much, much easier (and smarter) to get on top of things early so you can start preparing for the most comfortable and enriching retirement you can imagine. I reckon the easiest way to get… Read more »
Experts explain downsizing, using super for your mortgage, and pension eligibility. Kathleen Walsh, University of Technology Sydney and Jemma Briscoe, University of Technology Sydney About 36% of homeowners still have a mortgage when they retire, up from 23% a decade ago. This increase in mortgage debt is due to soaring property prices, changes in… Read more »
Retirement’s got nothing to do with age and everything to do with income, writes Andrew Baxter, founder of Australian Investment Education and author of The Wealth Playbook: Your Ultimate Guide to Financial Security. When we’re young, we feel like retirement is so far down the track it’s not even worth thinking about yet. That’s fair enough,… Read more »
We all know we need to financially prepare for retirement, but here’s what that actually looks like – in real terms. Planning for retirement can sometimes feel like you’re trying to hit a moving target, especially when it’s years – or decades – down the track and you’re juggling all sorts of financial commitments. The… Read more »
Thinking of staying put in the family home, rather than downsizing in retirement? A reverse mortgage is worth considering. Here’s what you need to know. If you’re over 60 and own your home, a reverse mortgage could let you tap into some of that hard-earned equity without selling up or moving out. But reverse mortgages… Read more »
Wrap your head around super pension payments with this explainer: Superannuation is arguably the most tax-effective way to save for retirement here in Australia. But when it’s finally time to tap into your hard-earned money, there’s a big decision to make: do you take a lump sum or start drawing a pension from your super?… Read more »
More than a third of working Australians are planning on delaying retirement due to the rising cost of living. The intergenerational war has never been more heated as the Baby Boomer generation are accused of everything from inflating house prices, increasing inflation and living a privileged lifestyle they supposedly don’t deserve. And the accusers are… Read more »
