How much super do I need to retire?
Don’t be rattled by pundits saying you need $1 million to retire. The amount you need will depend on your personal circumstances, not a figure drawn out of a hat.
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Don’t be rattled by pundits saying you need $1 million to retire. The amount you need will depend on your personal circumstances, not a figure drawn out of a hat.
The cost-of-living crisis has left many retirees worried about their financial position, so now could be a good time to check if your retirement budget needs a tune-up.
If you receive a part-Age Pension or none at all due to the level of your assets or income, these 12 strategies may help you increase your pension entitlements.
Worrying about your household budget is something we all do at times, but retirees can’t easily replenish their savings, so rising prices and inflation can represent a big challenge.
Confused about how a lifetime pension could fit into your retirement income plans? Help is at hand.
More large super funds are now offering a ‘retirement bonus’ when their members start an income stream for retirement. Is yours one of them?
The Home Equity Access Scheme can be a great way to boost your retirement income by taking a loan from the government against the equity in your home.
If you’re finding it difficult to make ends meet in retirement, one solution to free up some extra cash could be to take out a reverse mortgage.
If you are considering taking more than the minimum amount from your super pension account, the way you do it counts.
Retirement is not the end of the road when it comes to your need for financial advice. Thankfully, your super fund may be well placed to give you the help you need, and simple advice may even be included in the cost of your membership.
Once you’ve retired it’s normal to worry about whether your retirement savings will be enough, but with a few simple strategies you can stretch your nest-egg a little further.
Q: For an over 65, not retired, still working and paying income tax, what is the tax treatment on any lump sum withdrawals from super (where super is still in the accumulation phase) having been built up from employer and salary sacrifice contributions and taxed at 15% on way in.
Don’t mistake retirement for the end of the line. There are still ways to boost your income and support your lifestyle once you retire – even if your final super balance was disappointing.
With so much focus on saving for retirement, many of us have given little thought to how we will access our savings once the big day arrives. We explore the options.
It’s been a long time coming, but super funds are beginning to offer more flexible pension products offering income for life.
Just because you’re retired doesn’t mean you can avoid dealing with the ATO. If you have an SMSF, or income other than a tax-free super pension, you still need to lodge a tax return.
Many retirees live more frugally than necessary for fear their money will run out, but what if their worries are unfounded? We explore this and other common misconceptions.
Fund estimates and online calculators can provide value insights for planning your retirement, but you need to understand the assumptions used to create them.
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