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.
We’re delaying major life events, and our retirement income system hasn’t caught up
Asked to conduct an independent review of Australia’s retirement income system, the panel appointed by treasurer Josh Frydenberg reported that it was all tied up with the family home.
How accurate are ‘retirement estimates’? 7 assumptions you need to understand
Many super funds provide a retirement estimate to help you work out how you’re tracking when it comes to your likely retirement income. But how do funds calculate their estimate and is it accurate?
5 questions about superannuation the government’s new inquiry will need to ask
The government’s new retirement incomes review will need to work quickly so it is completed (as recommended by the Productivity Commission) “in advance of any increase in the superannuation guarantee rate”.
Government retirement incomes inquiry puts superannuation in the frame
The government has announced very broad terms of reference for its inquiry into Australia’s retirement income system, which will trigger fresh debate about the planned future rises in the superannuation guarantee rate.
How inflation affects your retirement income forecast
Inflation can rob you of your retirement savings – so understanding how and having a strategy in place to offset it can really make a difference over the long term. Learn how inflation works and what you can do about it.
‘Today’s Dollars’: The impact of inflation on retirement income
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.
Retirement income in Australia: An overview
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.
Retirement income: When is the optimal time to purchase a deferred annuity?
In this article, Sean Corbett, an annuities expert, answers the important question of when is the right time to purchase a deferred lifetime annuity.