MONEY MAGAZINE – JUNE 2017
WHY YOU ONLY NEED $275K IN SUPER TO RETIRE
There is a no-man’s land where your ability to access the age pension plunges and your superannuation income is not high enough to replace it. But there is a rarely-talked about sweet spot, where you can make the most of super and the age pension. The good news: you won’t need $1 million to retire. Money can reveal exactly how much you will need – as a single or couple – to fund a reasonable lifestyle in retirement.
2017 CONSUMER FINANCE AWARDS
With most Australians sticking to just one or two banks, consumers need to know they are getting the best deal across a range of products. Money brings you the 2017 Consumer Finance Awards, which names the best providers across 14 categories, including Bank of the Year. We reveal the top products and providers, and how much consumers can save.
SHOULD BANKS BE BANNED FROM OFFERING CREDIT LIMIT INCREASES TO CUSTOMERS OVERWHELMED WITH DEBT ?
With $33 billion in credit card debt accruing interest, many Australians are struggling with credit card debt, yet they are still receiving offers to increase their limits. Responsible lending laws were introduced in response to the global financial crisis, but did they go far enough?
HOW TO STOP YOUR KIDS FROM WASTING THEIR INHERITANCE
Divorce. Bankruptcy. Susbstance abuse. Gambling. Loss of mental capacity. With all of life’s pitfalls, how can you be sure your kids won’t blow through their inheritance? Or get sued and lose the lot? Or face a hefty tax bill as a high-income earner? Money looks at when a testamentary trust is the right option to protect an estate.
ARE SHIPPING CONTAINERS A WISE INVESTMENT OR DODGY DEAL?
The internet is flooded with websites promising to get you rich quick just be investing in the humble shipping container. But, as earlier Money stories, dozens of reader comments on moneymag.com.au, governments and financial regulators have warned, these investments are in dangerous waters.
JUNE 30 DEADLINE FOR SUPER CHANGES
In less than 30 days the biggest changes to super in a decade will take effect. We have a last-minute checklist so Australians can minimise the impact of the changes, and maximise their superannuation savings.