A common argument put forward against individuals starting a self-managed super fund is that budding SMSF trustees could lose their hard-earned super savings through inexperienced investing, and bad investment decisions.
Compound interest is the interest calculated from an initial sum of money which is then added to the total which increases each time that interest payment is paid out.
How long does it take to double your investment? By applying The Rule of 72, you’ll be able to answer that question since it is an easy mathematical formula.
Planning for your retirement and working out how much you’ll need to enjoy a good standard of living after your working years can be a complex task, and one factor that needs to be considered is inflation.
A recent CEPAR report states that the lack of focus on decumulation means that many retirees have faced difficult financial choices in retirement without sufficient support or an adequate selection of products.
A recent CEPAR report examined the key design features of Australia’s Age Pension, how well it serve its objectives, and who is a typical age pensioner.
A recent CEPAR report examined research which showed that even though improvements have been made in the gender super gap, single women will be less financially secure than other groups in retirement.
A recent CEPAR report examined research which showed a person who is financially literate will plan more and save more, and questioned whether there is a need for older Australians to take and follow financial advice.