News : Retirement

Retirement

Perceived retirement problematic

definition retired

Advisers need to ensure their clients have satisfied the legal definitions of retirement before embarking on any drawdown-phase strategies.

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Retirement

Petrol drives up cost of living

retiree cost of living

Increases in the prices of petrol and health insurance were key drivers in a rise in the cost of living for retirees in the June quarter.

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Retirement, Superannuation

Retirees want pension help from funds

retirees pension support superannuation

Retirees want help in seeking the age pension with nearly three quarters looking to their superannuation fund to provide assistance.

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Retirement

COVID impacts retirement plans

coronavirus retirement planning

The coronavirus has had a significant effect on Australians’ retirement planning, with many believing they will have to stay working for longer.

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Retirement

Retirement projection tool upgraded

mSmart retirement tool

mSmart has updated its retirement modelling tool to factor in the impacts of downsizing, reverse mortgages and broken work patterns.

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Property, Retirement

Reverse mortgage milestone passed

Pension Boost reverse mortgage

A specialist firm that helps pensioners access reverse mortgages has passed a milestone in approvals from a scheme run by the government.

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Property, Retirement

HEAS improves its appeal

home equity access scheme

An additional method of providing funding payments to consumers is about to be added to the government’s Home Equity Access Scheme.

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Retirement, Superannuation

Comfortable retirement from super not certain

retirement superannuation

Research has found high number of Australians are not confident their superannuation savings can provide a comfortable retirement.

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Retirement

Price hikes push up retiree cost of living

cost of living retirees

The cost of living for retirees has continued to increase off the back of higher prices, but has been in part offset by an age pension boost.

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Retirement, Superannuation

Retirement income education campaign needed

Retirement income program

The incoming federal government should create an education program around the operation and use of superannuation and retirement income.

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