Finding your super comfort zone
12 November 2010 Robin Bowerman, Head of Retail at Vanguard Investments Australia The federal government is not in the business of providing financial advice. But when the government sets superannuation contribution levels at 9% of average salary by implication that becomes an anchor point for millions of Australians when thinking about how much to save [...]
Directions required
A key investor sentiment survey for the third quarter of 2010 was released this week by the Financial Services Council. The research done by CoreData showed that despite the goals that the Australian economy has been scoring on the GDP growth and employment fronts investor sentiment remains stuck in neutral to slightly negative territory.
More Money, Longer Life
A recent life-expectancy study of retirees receiving superannuation pensions from large public-sector super funds suggests that higher retirement incomes can mean greater life expectancy.
The core argument why people should try to maximise their retirement savings is, of course, that this will improve their standard of living in retirement. But a perhaps overlooked part of the case for saving more is the life-expectancy factor.
Jobs for life
The “R” word – retirement not recession – is being redefined around the world in the wake of the global financial crisis.
Retirement was such a straightforward concept a couple of decades back – you worked until your 65th birthday, picked up the gold watch, loaded up the four-wheel drive and headed off for well-earned leisure time.
But as is their wont the baby boomer generation rewrites each generational rulebook as it passes through the next phase.
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