Low interest rates are hurting retirees trying to make their nest egg go the distance, and it raises the question, “What happens when the money runs out?”
Some people may look and feel wealthy but they aren’t looking at their net worth. That is when money trouble happens.
Despite the instant gratification that people may get from accessing their super to buy a home, it is an impossible dream given the objective of super. Super is becoming a $2 trillion political football but it is a giant insurance policy for our retirement not a giant water hydrant to put out a fiery property problem.
Couples who rent in retirement will need more than $1 million in assets, half a million more than debt-free homeowners, according to new research.
Many Aussies are dying with large super balances because they are spending frugally in retirement so they can pass on as much as possible to their children.
This $10 billion fund was custom-built to work with Australia’s motor trades and associated industries, and was one of the first in Australia to have publicly available whistleblower and conflicts of interest policies.
What do you wish you could tell your 18-year-old self about money? Would you warn yourself off credit cards, start topping up your super, or get saving?
Nearly half of Gen Y say now is the time to start thinking about super, according to surprising new research.