Category «Retirement»

How Much Money Do We Need To Retire?

How much money do we need to retire? This is one of the questions I’m frequently asked. There is no simple answer – people’s spending habits vary enormously, and a heap of variables, such as how long you will live, and the state of your health, come into play. Even so, it’s worthwhile doing some …

Aged Pensioners Can Achieve a 7.8% Return by Spending Their Money

Last Tuesday the Reserve Bank acted dropped interest rates even further. To make matters worse for retirees, there are hints that the next move is more likely to be down not up. Consequently, I have been receiving a flood of emails from readers asking where they could find the best bank interest rates on their …

Commonwealth Seniors Health Card

The federal government has introduced a wide range of stimulus measures in the aftermath of COVID-19, but one group that appears to be overlooked is self-funded retirees. However, if they know the way the system works, there is still one strategy that may be well worth pursuing. That is to apply for a Commonwealth Seniors …

Coronavirus stimulus

Today I will talk about to issues which are of major importance to retirees. The first concerns the minimum pension payments which must be made each year from the superannuation account in pension mode. The two relevant factors are the balance at June 30 last, and the age of the member. For example, a person …