Decrying investing as “gambling” is a simplified view that ignores the financial risks we must evaluate over the course of our lives.
The budget and budget reply were clearly targeted at families and younger workers,with little more than crumbs offered to midlife and older Australians.
Questions on gifting are becoming increasingly common,however,the rules are actually quite straightforward.
If you’re on the pension,be proactive. It’s far less costly to sort things out at the start than to try and fix them later.
Governments have long struggles with balancing income options for retirees,but one option,once unpopular,is quickly emerging as a solution.
Once you’re nearing retirement,having excessive non-super investments makes little sense.
Government leg-ups help,but the high cost of formal childcare in Australia meant the availability of family members to babysit was still important.
Despite its issues,Australia’s compulsory superannuation system is still hailed as a poster child,and has again caught the attention of the United Kingdom.
Even as the richest generation,two-thirds of Baby Boomer retirees who rent are living in poverty – and the housing crisis will make it worse for future generations.
Compared to 2022,Australians think they need 20 per cent more in their nest egg to quit work. But new estimates show many may overestimate the amount needed.