The cash rate is at all-time historic lows – this is a win for borrowers but a blight for retirees with hefty cash holdings. In this environment, there’s more retirees can do than hold out hope for steady income in their sunset years.
Are you prepared for changes to the Age Pension assets test? With revisions to the Age Pension assets test just around the corner, it’s important to understand how the changes could impact you, particularly with part-pension thresholds somewhat tighter than initially projected.
Are you retirement ready?In Australia, you can really retire whenever you want to, but your health and financial situation will play a big part, which is why doing a bit of research and planning could go a long way.
Is de-risking at the point of retirement the right thing to do? A popular portfolio management theory is that people should de-risk their portfolios around the date of retirement and make the switch from growth assets to income-producing assets. But this may not necessarily always be the correct approach.