Retirees 'much worse' off: RBABY JASON CADDEN FOR AAP | TUESDAY, 28 APR 2015 12:30PMLife is not going to get easier for self-funded retirees as record low interest rates force them to take on riskier investments, Reserve Bank governor Glenn Stevens says. Related News |
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Robert De Dominicis
CHIEF EXECUTIVE OFFICER
GBST HOLDINGS LIMITED
GBST HOLDINGS LIMITED
It was during a family sojourn to the seaside town of Pescara, Italy, Rob DeDominicis first laid eyes on what would become the harbinger of his future. Andrew McKean writes.
If "yields on investments [are] the 'lowest ever in human history' ", why doesn't the government reduce the current minimum amount that must be withdrawn from retirement income stream products to help preserve the value of such accounts?