Despite efforts to encourage retirees to use income stream products, many are still opting for lump sum payments when accessing their super. In fact, there's been an increase in lump sum withdrawals recently. Are you making the most of your retirement savings? In this article, we discuss why this matters to you and what you can do about it.
Deciding when to retire is one of the most significant financial decisions you'll make. The right time to retire varies for everyone, influenced by personal circumstances, financial readiness, and lifestyle goals. Here, we'll explore key considerations for determining the best time to retire and how to prepare for a comfortable and fulfilling retirement.
Twice a year, Commonwealth benefits are automatically adjusted. In the current high inflation environment, this month’s adjustments are quite substantial.
What’s the ideal age to retire? We came across some intriguing research recently that shows that people’s ideal retirement age changes as they get closer to actually retiring. And, perhaps surprisingly, the closer we get to leaving work, the more we want to keep working!
You can generate super savings in two ways: contributions and investment earnings. While you work, investment earnings are really important. Once you retire, earnings become even more important.
Working Australians contribute money into super each year. It may be tempting to think that these contributions make up the bulk of your retirement savings. But, for most people, that’s not how it works. There’s a super secret and we want to let you in on it.
You know that the worst of Covid is behind us when the rules for your super start to bounce back to normal. On July 1 this year, we saw yet another temporary Covid measure come to an end. Minimum income stream payments are back to where they were in 2019.
