In my financial planning practice, women, especially those nearing their 50s, frequently seek advice and reassurance on their retirement plans.
Over two million seniors rely on the Age Pension for retirement income, according to the Australian Institute of Health and Welfare (AIHW). Currently, you can start receiving the pension at age 66.5, but by the middle of 2023, you’ll need to be 67 or older.
The superannuation health check
How much can I contribute to super?
Six ways to maximise your retirement savings
You might think there’s not much you can do to increase the value of your superannuation in retirement. But with Australians now spending close to 30-years in retirement on average[1], our super needs to last longer than ever.
Growing your super
Supporting your kids, without sacrificing your own retirement
With careful planning, you can give a helping hand to your adult children financially, while still enjoying a comfortable retirement. In the past, wealth was often passed on through an inheritance. But with our longer lifespans, and the higher cost of living (especially housing), the desire to help our kids while we’re alive and well is increasing.
