Note: This article is updated regularly with the latest lifestyle/income data, and latest Age Pension rates. The most recent data was released in May 2013 (for lifestyle costs up to March 2013) and includes March 2013 Age Pension rates (which apply until September 2013). Due to reader demand and the … [Read more...]
Note: This article is updated every few months with the latest lifestyle/income data and latest Age Pension rates. The most recent data was released in November 2012 (for lifestyle costs up to September 2012), and in September 2012 (for Age Pension rates, which apply until March 2013) This case … [Read more...]
We have not yet updated this article for the March 2013 Age Pension changes, due to the government announcing a proposed tax on pension earnings above $100,000 . We will be updating this article in May 2013, but note that any update will not take into account the proposed tax because it not yet law … [Read more...]
Note: This article is a supporting article to the two-part series, ‘Crunching the numbers: a $1 million retirement’ and ‘Crunching the numbers: a $2 million retirement’. If you live off the earnings only from your invested capital then your capital can indeed last ‘forever’. The … [Read more...]
This article is updated every few months with the latest lifestyle/income data. The most recent data was released on 15 November 2011 (for lifestyle costs as at September 2011). You’re thinking about your retirement and worried about whether you’ll have enough money to live the life you want, … [Read more...]
Sahn, aged 45, has only $35 000 in super and thinks the retirement planning stuff is all too hard. She expects to go on working until she dies, just to survive. A friend tells her about Trish Power’s six step process, and the existence of the free ASIC MoneySmart superannuation calculator. … [Read more...]
Lily, aged 55, has mixed feelings about her future retirement. She swings between being philosophical and fearful about her financial position, Lily has spent most of her life rearing her children and, until now, worked in low-paid jobs casually and part time before getting divorced later in life. … [Read more...]
All you need is a job and some time. With regular modest superannuation contributions you could have up to $500,000 or more in retirement savings! It doesn’t matter what age you are – 25, 35, 45 or 55 – it is possible to turn $4,500 into $300,000 and more, just by turning up to work. How it … [Read more...]
