A Liberal senator is questioning why people cannot use their superannuation to buy a home,given self-managed super funds own almost $49 billion in residential real estate.
Retire these days and you’re not so much crawling to a finish line as embarking on a new chapter. Is there a right time (given it’s not just about money) and what should you expect? We ask retirees for their insights.
Since Easter is all about eggs,do you know how your nest egg compares to someone else’s at your life stage? And are you on track for a sweet retirement?
BlackRock founder Larry Fink says we focus on helping people live longer lives but not even a fraction of that effort is spent helping people afford those extra years.
One way to limit the budgetary cost of superannuation is to make its sole purpose to allow people to live comfortably in retirement. That’s not what’s going on now.
Switching from a poor performing fund into a better one shouldn’t cost you much,but it’s important to think carefully about why.
With sharemarkets such as Australia’s and many developed-country markets,trading at or near record highs,returns could pull back.
If you pass on your inheritance early,you’ll be able to guide your children in how to spend it wisely.
More than 5.2 million young Australians are investing their retirement savings in default MySuper accounts rather than investigating higher-growth investment options.
Efforts from employers,government,and frank conversations between partners about super being a shared expense are still needed. But it’s a start.
Expensive gifts are a lovely way to show your love,but supporting their long-term financial independence is even better.