Moving targets: Come on, how much super do I really need?
You’re thinking about your retirement and worried about whether you’ll have enough money to live the life you want, or perhaps you’re more worried about not having enough money to even live the life you don’t want!
Life expectancy: Will you outlive your retirement savings?
Now that super funds, fund managers and other financial service providers have (nearly) survived the GFC, the next big issue concerning the super industry is ‘adequacy’, that is, the worry that Australians will outlive their retirement savings.
Updated life tables: Is the tide shifting for Australian life expectancies?
Australians born today are expected to live longer than Aussies born five years earlier, on average, according to the Australian Life Tables 2002-2007 (released by the Australian Government Actuary). The prospect of a longer life doesn’t see to apply however if you’re a woman in your eighties or nineties.
THE SOAPBOX: My top 10 super wish list for Australian consumers
The Government is digesting the Henry Tax Review and presumably cooking up mind-boggling changes to superannuation and retirement policy for the May 2010 Federal Budget. The Cooper review is considering the many industry submissions before preparing and delivering its final report to Government due by the end of June 2010.
