In bad news for retirees and others who depend on dividend cheques (and dividend imputation rebate cheques from the Tax Office) bank dividends have largely evaporated. But it’s not as bad as many commentators suggest, and actually good for some investors.
In early April APRA sent an extraordinary letter to Australia’s banks and insurers, essentially telling them to cut their dividend payments to shareholders in light of the coronavirus crisis.
With Australia now facing a severe economic (and health) crisis, there are calls to allow people to access their superannuation to obtain cash.
Stock markets have crashed, we can be confident of that. History suggests there is no quick recovery from crashes like these, which means lasting consequences for investors.
The assumption that retired people have minimal housing costs underpins the settings of our retirement incomes system. But the real state of housing for older Australians today makes it critical for the Retirement Incomes Review to look at the evidence that now challenges this assumption.
Among the topics being investigated by the government’s retirement incomes review is whether compulsory super contributions should be lifted from 9.5% to 12%.
When will I die? This question has endured across cultures and civilisations. It has given rise to a plethora of religions and spiritual paths over thousands of years, and more recently, some highly amusing apps.
In the 12 years to 2015, life expectancy in Australia increased by 2.3 years for men (to 80.4) and 1.6 years for women (to 84.6). Our health-adjusted life expectancy increased along with it – by two years for men (to 71.5) and 1.3 years for women (to 74.4).
In Australia, an average baby boy born in 2016 could expect to live to 80, while a baby girl born at the same time could expect to live until closer to 85. A similar gap in life expectancy between men and women is seen around the world.
There is a basic difference between foreign exchange trading and other forms of investment such as share trading. Over time, share markets tend to rise, so that if an investor buys a diversified basket of shares, or even an individual share, they should expect a positive return over time.
Most Australians want to stay in their homes for as long as possible as they advance in age. And the nation’s aged care system provides subsidies to support this choice. But the commission heard evidence that ageing Australians face an average wait of 18-24 months for a home care package.
We find it hard to read forms and to understand risk, so we stick with what we know.
There are tens of thousands of retired adults travelling independently across the continent at any given time in search of adventure, warmer weather and camaraderie after a lifetime of hard work.
Brain training has been touted as a way to prevent age-related cognitive decline. Many products are available for purchase. But are any actually effective?
The most recent National Press Club forum on aged care has once again put the spotlight on the “longevity revolution” and attitudes towards Australia’s ageing population.