Life expectancy (or life expectancy rate) is a statistically based average of the number of years a person is expected to live. Statisticians can measure life expectancy at birth or during a person’s life.
The following articles refer to Life expectancy and superannuation.
The most popular question about superannuation and retirement planning is, without doubt: How much money 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.
In November 2009, I wrote an article, (Updated life tables: Is the tide shifting for Australian life expectancies?), reporting that average life expectancies have increased, except for women in their eighties and nineties, based on the latest life tables released by the Australian Government Actuary. I invited Bernau Hadyn, an Actuary from the Australian Government [...]
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. Okay, the industry is pretty obsessed with the current Government reviews into super, and the ridiculous debate on [...]
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 – unless you’re woman in your eighties or nineties. In what may be a statistical aberration, or perhaps a sign that life expectancies are set to [...]
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. You may be hoping to leave your job on your designated retirement [...]
Note: Draft legislation is now available on the relief outlined in this article. You can find more recent information on this issue, including changes to the relief offered to SMSFs, by reading DIY super: Age Pension relief for SMSF lifetime pensions. Defined benefit pensions, such as lifetime pensions, are not eligible for the temporary relief [...]
Hi - I'm Trish Power, author of Superannuation For Dummies and many other books on super and investing.
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