Most Australians are worried about outliving their retirement savings, with pre-retirees the most concerned. But there are some simple steps you can take to help you worry less and sleep a little better.
An investment-linked annuity is a lifetime income stream where the retiree’s income varies to reflect changes in the value of a selected investment option.
Life expectancy is a complex topic, so we’ve put together a straightforward guide to help explain the key concepts – enabling you to plan your retirement with a bit more confidence.
Find out about the dangers of sequencing risk and strategies that can help defend against it.
The most popular type of superannuation pension is an account-based pension, which is also the main type of super pension available to retirees. The technical term for a superannuation pension is a ‘complying pension’ (that is complying with the superannuation rules).
From 1 July 2019 changes to the means test treatment of lifetime annuities for the purposes of determining Age Pension entitlements will come into force. These changes were announced in the 2018 Budget and followed a review by the Department of Social Security (DSS). The changes will be grandfathered so that the new means test rules will only apply to lifetime annuities bought from 1 July.
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.
Annuities are relatively simple and secure financial products that provide a guaranteed pay cheque in retirement in return for investing a lump sum for the rest of your life, or for a specified period.
In this article, Sean Corbett, an annuities expert, answers the important question of when is the right time to purchase a deferred lifetime annuity.
In this article we will consider how a person can best ensure that they maximise their income in retirement from their savings while at the same time ensuring that their savings last for as long as they do.
In a recent survey we uncovered some interesting gender differences which we will discuss in this article. Some of these are expected, but others were a surprise.