Steven says: Your questions answered on super drawdowns A few weeks ago we reported on the pending change to the minimum super drawdown rates. Essentially, on 1 July the current rates will be doubled, reverting to the previous rates pre-Covid 19. At one...
Are you retire fit? Handy five-point checklist Running enthusiasts take marathons seriously. They establish fitness and running routines months in advance, measure their progress to ensure they have all the necessities in place for the big day – and...
How love can affect your income Frank Sinatra sang that ‘Love and Marriage’ went together like a ‘horse and carriage’ back in 1955. But that was a lifetime ago, and relationships and money are now viewed entirely differently. Marriage is far less frequent,...
What happens to retirement savings and income when inflation is high? Inflation is having a major impact on most Australian households, affecting both young and old. Last week the Reserve Bank again raised interest rates, to an 11-year high of 4.1 per cent....
Transfer Balance Cap explained Will you be affected on 1 July? On 6 February we reported that Consumer Price Indexation of the $1.7 million super Transfer Balance Cap means it will increase to $1.9 million on 1 July. That change has now been confirmed and it...
Five ways retirees run out of money And how to avoid them The most common and greatest fear in retirement is running out of money. Of course most people don’t. Unlike many nations, Australia has a regularly indexed safety net which allows most retirees to at...
Minimum drawdown rates explained: How much, how fast? The minimum drawdown rates for income payments from super are about to double. We mentioned this last week in our overall Federal Budget coverage. But because it can have such an impact on your retirement...
Knowing which changes will occur on July 1 2023 is mandatory for those both in retirement or planning to be in the near future. Changes are coming to eligibility age for the Age Pension, income and asset thresholds for those on a full Age Pension and some...
Here’s what you said What is the best way to save for retirement? This is the question we posed in the March 2023 Retirement Essentials Retirement Pulse. There was a clear preference according to our members, with the top four options being: Putting money in...