Thought starters
Some financial facts of life
Here's an overview of some of the trends driving the changes in retirement. You'd be wise to give them some thought if you want to remain in control financially all through the best years of your life.
The average lifespan is increasing
Your generation will on average live much longer than past generations. Current life expectancy data has both Australian men and women living past 80, giving you more time to do the things you love. Because you get, on average, more time to do the things you love.
The qualifying age for the Age Pension is going up
You may have spotted that one in the 2010 budget. By 2023, the qualifying age for the Age Pension for men and women will be 67. You might want to think about how this affects your future plans.
Anyone who started work before 1992 is coming from behind with super
Even a working lifetime of employer super contributions probably won't be enough to cover your retirement. So it's a good idea to have other arrows in your financial quiver or to pursue strategies to put extra into your super and once it's there, ensure that it's invested appropriately.
Food for thought
Every period of history presents its own unique opportunities and challenges. The trick is to make the most of them. Why not call us today on 1300 661 577 to discuss the financial facts or your life.
