2012 checklist: 10 super tips for a financially healthy retirement
Use this list as a kick-start for your 2012 super resolutions. You may not keep all of your resolutions, but if you do just a handful of the tasks listed in the checklist below, you can strengthen the chances of a financially secure retirement.
Retirement planning in six steps
Retirement planning can be compared to planning for a dream holiday – your trip may have an exciting destination but the steps you need to take to ensure you get to your desired location safely, and within your budget, can sometimes be tricky.
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!
A comfortable retirement: How much super is enough?
So, the big question is: how much money do you really need for your retirement? Lifestyle is a very personal thing —luxury living for one person is a modest existence for someone else.
Setting a retirement target: Living on more than $55,000
The most popular question about superannuation and retirement planning is, without doubt: How much money is enough?
Retirement: Why can’t $1 million last forever?
If you live off the earnings only from your invested capital then your capital can indeed last ‘forever’. The dilemma facing all investors and retirees is balancing the desired lifestyle (and maintaining that lifestyle over 20 to 30 years) with protecting capital and potentially leaving some wealth behind for your children or other dependants.
Deduction amount still applies for Age Pension income test
Q: Could you please help with information about how annual deductible amounts are worked out by Centrelink for part-Age Pension purposes. I have a defined benefit and prior to the tax changes on super was able to deduct my annual deductible amount from my tax.
Retirement: Can Australia afford to support your lifestyle?
Are you planning to fund yourself over a 40-year retirement or do you think Australia can afford to finance your retirement?
Crunching the numbers: a $2 million retirement
I am often asked the question ‘how much super is enough for a worry-free retirement?’, and we regularly update our special SuperGuide articles on this topic for our readers. In this article however, I’m tackling the issue from a very different perspective. I’m answering the following question: what does a $2 million retirement look like?
Crunching the numbers: a $1 million retirement
I am often asked the question ‘how much super is enough for a worry-free retirement?’, and we regularly update our special SuperGuide articles on this topic for our readers. In this article I’m answering the question: what does a $1 million retirement look like?
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.
