Our estimates support the widely held belief that most individuals are not 'on track' to achieve a comfortable standard of living in retirement, although couples appear better prepared than singles. We also estimate ...
Retirees are grappling with rising costs for essential goods and services, seeing the cost of funding a comfortable retirement increase by 3.7% over the last 12 months, according to data released by the Association of Superannuation Funds of Australia (...
Thecost of living in Australiais broadly the same as in the UK, so you should be on track for a comfortable retirement if you have enough savings. However, there are a few key differences to know about. For example, prices for groceries are around 40% higher than in the UK, while ren...
1 minread What is superannuation in Australia? Superannuation is money that's put into a specific fund while you're working, so you can enjoy a more comfortable income when you retire. Most Australians have their super invested through one of the nation's 100+ superannuation funds, which incl...
Research thoroughly and budget for a comfortable transition. Below, we provide further information about these potential expenses: Visa application costs: Depending on the type of visa you opt for, there may be associated application fees. While some, such as the Regional Sponsored Migration Scheme...
This stock investment strategy can potentially exceed the income from your regular job and help you get out of the rat race. If you want a comfortable retirement, you need to have a sound strategy for generating passive income Only 60 Minutes a Month ...
In the realm of financial planning, understanding these superannuation benefits is key to securing a comfortable retirement.
But she wouldn’t be comfortable with human interactions being replaced altogether, for instance, having surgery performed by a robot or having to communicate with government through a chatbot. Overall, Connie is relatively positive about the public services she uses. These high levels of ...
Who it’s best for:Those who are comfortable using the equity in their property for cash withdrawals. What to watch out for:If you’re not great at money, steer clear of this type of loan because you’re in danger of losing equity or the property if you can’t meet repayments. ...
They have noticed price rises but feel more comfortable dealing with them.At the same time, Gen X is conscious of the limited time frame to keep earning and saving for retirement. These consumers are saving less per year because of inflation, but prices do not appear to affect their life...