The third in our series on the Government’s Retirement Income Review Home ownership gives retirees a big leg up in retirement, according to the government’s recently released Retirement Income Review. Retiree households who own their home face lower...
The problem with cash. “We can’t live off that!” Retirees are only too well aware how far interest rates have dropped. The decline has been great for younger people paying off mortgages, but terrible for people funding retirement spending from bank...
As we emerge from severe social lockdown following the global pandemic, it’s worth reflecting on what we’ve learnt. COVID-19 has been a dramatic shock to the system. To our life and to our finances. It reminded us of the need to be...
Temporary reduction to the minimum superannuation drawdowns what does it mean? When a retiree commences an account-based pension with their superannuation monies, it pays them an income. Account-based pensions are required by law to pay a minimum...
Jim and Sue are both retired and their investment assets have recently reduced. They had a weekly income of $966 from a combination of the age pension and their own account based pensions. They are now interested in understanding how the reduction will...