This past week, a casual conversation with adviser, Megan Marshal, totally nailed the difficulty of managing retirement income.
‘Understanding the rules is the hardest thing for most people’, Megan said, ‘Particularly making connections between the Australian Tax Office, Centrelink and superannuation. All the rules are so intertwined, it makes it close to impossible to understand what to do unless you work in financial services’.
We agree. But the good news is that we take all our members’ feedback onboard and use it to create plain English explanations of all aspects of retirement income. This benefits members in two ways. Firstly it gives you the detail that you need to better understand your options and when to use them. And secondly, we subscribe to the belief that knowledge is power, so in sharing these frequent explainers, we hope to increase your confidence in your own decision-making powers.
Today we tackle one of the commonest Age Pension myths – that where you start is about where you’ll end up. This is not usually the truth.
