Retirement is a significant chapter in life, offering the chance to enjoy the fruits of your hard work. But what does a comfortable retirement look like, and how can you prepare for it? For many people, it’s about finding the…
Superannuation serves as a critical savings vehicle for Australians, designed to provide financial security in retirement. However, the nuances between member benefits and death benefits can be complex. Let’s clarify these differences and explore their implications. Member Benefits Member benefits…
Are you making the most of your retirement savings? Recent data from the Australian Prudential Regulation Authority (APRA) has shed light on some interesting trends in how Australians are choosing to use their superannuation in retirement. What the Data Shows Despite efforts…
Planning for your retirement? An Account-Based Pension (ABP) is a great way to turn your superannuation savings into a regular income stream once you’ve retired. Here’s how it works: ✅ Flexible Withdrawals: You can choose how much income you receive…
Self-managed super funds (SMSFs) are a great way to manage your own retirement benefits. Compared to other forms of super, they give you more control, more flexibility and, if they lead to lower fees, they often give you more money…
The forties are often considered peak earning years, presenting opportunities to maximise financial gains while preparing for retirement. This decade is crucial for solidifying your plans and ensuring your financial strategies are robust. Superannuation Maximisation This decade is ideal for…
Have you ever wondered how your financial needs change as you age? The answer lies in the lifecycle approach to financial planning. This method, deeply rooted in respected economic theories, tailors financial planning to meet evolving needs as individuals move…
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…
One of the less-reported elements of the Covid years was the rise in ‘seachangers.’ In the year to June 30 2021, the percentage of Australians living in cities fell from 67.4% to 67.2%. That might not sound like a large drop, but…
Some super funds offer what’s called a retirement bonus as an incentive to keep your money with them when you move from working life into retirement. What exactly are these bonuses and does your fund offer them? Let’s start with…
