In big news for retirees, the federal government has announced a reduction in the deeming rates for Age Pension. Given over 70% of Australian retirees rely on at least a part Age Pension it is news that will be welcome to many. We break down what the changes are and an example of how they apply.
One of the best ways to grow wealth for retirement is to invest in superannuation. But where and how do you invest?
Our first article for you today explores the superannuation fund of choice for Australians, which can be the least expensive option, provide the greatest control and deliver the best returns.
In the last half a century, the average life expectancy of both women and men in Australia has continued to rise and rise - from around 74 years old to 84 years old [https://www.aihw.gov.au/reports/life-expectancy-death/deaths-in-australia/contents/life-expectancy].
The number of people hitting the incredible 100-year-old mark is also on the rise and this poses a serious problem for many people. Most notably, how to fund your life after retirement.