Top 30 funds, $1 million retirement, how much super is enough, women and super, how-to video
Welcome to our special wealth edition. Are your retirement plans still on track? In this edition, you can try out our wealth reckoners, discover what $1 million can deliver in retirement, tackle the 14 monkeys that stop women from planning for retirement, and for SMSFers, be prepared to take our personality test.
NEW SUPER TOOLS
You can find out the super savings you will need for a $50,000 a year retirement, a $60,000 a year retirement, a $150,000 a year retirement, and annual retirement incomes in between these amounts. Read more
The $1 million Retirement Reckoner allows you to discover what $1 million in retirement can deliver you in an indexed annual income over retirement (including PART Age Pension). Read more
We use a free online calculator when making projections on how much money you will need for retirement. Due to popular demand, we have now produced a video to explain how to use the MoneySmart Retirement Planner calculator. Read more
IS YOUR SUPER FUND PERFORMING?
This article lists the 30 top-performing super funds over 5 years to 31 December 2017. Read more
This article lists the 30 top-performing pension (retirement) funds over 5 years to 31 December 2017. Read more
For the latest investment returns over 1 month, 3 months, 1 year, 3, 5, 7, 10 and 15 years to 31 January 2018 for the 5 main investment options offered by super funds, and for month-by-month performance data, going back 4 years (49 months). Read more
There is a handy rule of thumb, known as the rule of 72, which gives you a timeframe for how quickly you can double your investment by re-investing your earnings. Read more
A 2017 SMSF study has identified 4 SMSF trustee personality types. Read more
We have compiled a list of the top 14 monkeys that seem to sit on the shoulders of many women, and in turn stop many women from taking super control. We also provide some tips on saying goodbye to those monkeys. Read more
In the hype and hoopla surrounding the rules relating to superannuation – in particular, tax-free super benefits for over-60s, many Australians forget about the preservation rules. Read more
For most Australians, two important considerations when planning for retirement are: the age when you can access your super benefits; and the age when you can access the Age Pension. Other important factors include life expectancy, level of income required and ill-health or redundancy. Read more
A handy guide for those seeking to understand how the super rules work, and the list also serves as a refresher for those readers who may be more familiar with the super rules. Read more
HOW MUCH SUPER IS ENOUGH?
This article outlines how much money you will need to finance a retirement of 25 years. We have included the lump sums needed on retirement if your super/investments return 3%, 5% or 7% a year during retirement for both couples and singles. Read more
A common belief is that if you want to live on more than $60,000 a year then it will not be possible to claim the government-funded Age Pension. Not necessarily true. Read more
This article lists retirement incomes when retiring at ages 58, 61, 66, 67 and 70, and allows readers to compare what a $1 million retirement can deliver if retirement savings are invested with returns of 7% each year, or 5% a year. Read more
What does a $1 million lump sum deliver in retirement when your savings earn 3%, or even 2%, a year during retirement? Read more
In this article you can find out what $1.6 million in today’s dollars can deliver you if you want your lifestyle to last until after age 91, or if you want your lifestyle to last until after age 101, or somewhere in between. Read more
If you’re eligible for a PART Age Pension you need less money upon retirement for a certain lifestyle because the Age Pension is supplementing your income. If you’re not eligible for the Age Pension, then you need a larger lump sum when you retire. Read more
Every five years, the latest data is released on average life expectancies. The table contained in this article contains the most up-to-date information on expected lifetimes. Read more