Retirement: Are You Ready for the Drawdown Phase?
Retiring soon? Instead of asking, “How much can I save?”, you’re likely to start asking, “How much can I afford to spend?” That shift from building wealth to using it…
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Transition to retirement pensions: A step-by-step guide
As you progress towards retirement age, the idea of reducing your working hours can be appealing, especially if you can do it without reducing your income. Fortunately, there is a way to do this. It’s called a Transition to Retirement Income Stream (TTRIS), which allows you to supplement your part-time income with regular payments from your superannuation savings.
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Should you downsize to boost your super? Pros, cons, and tax implications
The idea of downsizing can be very appealing to empty-nesters. There will be less cleaning, gardening and maintenance, more time for hobbies and travel, and the icing on the cake comes if you can use the cash surplus you created to give your super a significant tax-effective boost.
But is the picture totally rosy, or are there some drawbacks to downsizing?
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How does Australia’s pension plan stack up?
One in six people will be over 65 years old by 2050. With the world’s population ageing quickly, it is natural to think about how pension systems around the world…
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