retirement

At what age do you plan to retire?
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At what age are you planning to retire? Maybe it will take longer than you thought to develop financial freedom. At least that’s the way it looks for many Australians according to Roy Morgan Research. They suggest that the average age of Australians intending to retire in the next 12 months is 61 years, up…

Aussie parents are delaying retirement to help kids buy first home
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Australian parents are willing to do it tough, so their children (and grandchildren) can get a foot on the hard-to-reach property ladder, a new survey has shown. From delaying retirement, sacrificing luxuries such as a new car or a holiday, to dipping into their savings, parents are making both personal and financial sacrifices.  The ‘2018…

Baby Boomers Won't Have Enough Money To Fund Retirement [infographic]
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Despite being generally considered the nation’s most prosperous generation almost 38 per cent of baby boomers believe they won’t have enough money to fund their retirement! The Baby Boomer Housing and Lifestyle Report released last year by Realestateview.com.au, found the majority of baby boomers do not believe they are well off and are concerned over the…

12 Tips To Build Wealth For Early Retirement
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How to Retire Early and Wealthy…  Believe it or not, building wealth for a secure, early retirement is actually very simple… … in theory. The equation for financial success is a function of just three easy-to-understand principles: The amount of money you invest. The growth rate of your money. The amount of time it has to grow. Unfortunately, few…

We are working less while living longer
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The ageing of our society raises a host of difficult issues, most of which are studiously avoided by our current crop of populist political leaders. So while they’re building up the courage to confront some ugly economic realities of the ageing of our society, I’d like to add another consideration. It’s a set of numbers…

Why Retirees are Reluctant to Downsize
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When taking a holistic approach to what makes house values rise, retirement costs are an obvious contributor. I have argued that because of favourable tax treatment and finance structures, housing presents an appealing investment for individuals who are facing health and aged care costs. This could be part of why investment in housing has increased…

$1million retirement nest egg is not enough
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How much money do you need to retire comfortably? I know many Australians aspire to retire with a nest egg of $1 million plus their own home without a mortgage. Sound reasonable, but it’s not really enough. Just run the numbers in this Money Smart retirement planner which shows you that if they had $1…

$1 million might not be enough for a comfortable retirement!
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Ex-Chair of the Super System Review, Jeremy Cooper wrote an opinion piece that suggested $1 million won’t necessarily guarantee a comfortable retirement.  If that is the case, how much do you need? What do you have to do now to get on track? Will your super be enough? And how do you work it all…