On February 10 the much-delayed Enhancing Superannuation Outcomes Bill was passed by the Federal Parliament and will come into effect on the 1st July 2022. There are two important features of this legislation that you need to know. Firstly, all your wage or...
When it comes to money! Valentines Day has now widened from a celebration of ‘coupledom’ to a chance to acknowledge all kinds of love – for family, friends, even pets. This means it’s now a day for everyone, not just those ‘in a relationship’. It did get us...
Emergency money. Enough cash in times of trouble. However you describe such money, there’s a lot to consider about the way you manage this aspect of your finances. Low interest rates are dominating the headlines right now. This can lead to a questioning of...
Three ways to fund yourself Many people assume retirement income comes down to being on a pension or not. But it’s not quite as clear cut as this. The recent Treasury Intergenerational Report (IGR) shows that about 65% of retirees will be on full or part Age...
Stopping retirement in 2022? Maybe you are planning on ‘unretiring’ in 2022. It could be because you need some extra income. Or because the type of work you want is now available. This is increasingly likely with Australian unemployment numbers heading much...
There’s an interesting crossover between rising prices and rising job vacancies that may have a major impact on your retirement savings. In the USA the inflation rate is over 6% - the highest rate for many years. Australia is not immune from such increases...
Why do retirees care? There were few surprises last week when the Reserve Bank decided for the 12th time in a row to leave the official cash rate at 0.10% But what exactly is the cash rate? And more importantly, what does this mean for retirees? The cash...
The September quarter Consumer Price Index (CPI) was released last week. This index measures movements of prices in key categories of consumer spending on a quarterly and annual basis. The September 2021 CPI rose 0.8% for the quarter and 3.0% year-on-year...
A Retirement Income Stream is the term most commonly used to describe retirement income products, including Account Based Pensions, Defined Benefit Pensions and Annuities. Such products typically supplement other sources of retirement income, including: the...