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Showing 71 - 80 of 206 results for "Comfortable retirement"

Supply chain issues push up retiree expenses

KARREN VERGARA  |  THURSDAY, 11 NOV 2021
... retirement index shows. Couples aged 65 need $63,799 per year and singles need $45,239 per year to live a comfortable retirement, according to ASFA. Several price hikes are eating away at retirees' savings, driven by global supply chain bottlenecks that ...

Equal Pay Day offers sobering reminder

ELIZABETH MCARTHUR  |  TUESDAY, 31 AUG 2021
... had members write to me saying they're struggling to get ahead and can't possibly see how they can have a comfortable retirement... they fear they'll need to work well past the retirement age just to keep a roof over their head and food on the table," ...

Cost of retirement increases

ELIZABETH MCARTHUR  |  TUESDAY, 24 AUG 2021
... quarter. The ASFA Retirement Standard June quarter 2021 figures indicate that couples aged around 65 living a comfortable retirement need to spend $63,352 per year and singles $44,818. Those figures are up by 0.8% and 0.9% respectively on the previous ...

SG increase to self-fund retirement

ANNABELLE DICKSON  |  WEDNESDAY, 23 JUN 2021
... deserve." ASFA noted the increase to 12% will lead to double the proportion of Australian workers reaching its comfortable retirement standard of $545,000. Only 25% of Australians currently achieve a self-funded retirement. "By 2050, that number is set ...

Super top ups increase: Survey

KARREN VERGARA  |  THURSDAY, 22 APR 2021
... Australians should not be under the impression that an unsupplemented super balance alone will be enough for a comfortable retirement. "Women (25%) are less likely than men (43%) to make additional contributions," she said. The findings coincide with ...

Cost of living eroding super: ASFA

KARREN VERGARA  |  THURSDAY, 4 MAR 2021
... other hand, were 6% cheaper. ASFA found couples aged about 65 need to spend $62,562 per year to live a comfortable retirement. Singles need $44,224 per year. Many retirees had to pay more for health insurance premiums, which increased from 1 October ...

Aware Super eyes another merger

JAMIE WILLIAMSON  |  TUESDAY, 2 MAR 2021
... female teachers who wanted to ensure they had the same opportunity as their male counterparts to achieve a comfortable retirement. This ambition is as relevant now as it was more than 60 years ago when VISSF was formed." The due diligence process is ...

Retirement income framework on track: Frydenberg

KARREN VERGARA  |  FRIDAY, 26 FEB 2021
... and tools to navigate the complex superannuation, aged care, Age Pension and taxation systems to have a comfortable retirement. Treasury veteran and economic consultant Mike Callaghan said improving retirement income depends on how the industry communicates ...

Household capital a retirement solution: Research

ANNABELLE DICKSON  |  MONDAY, 14 DEC 2020
... The potential fourth pillar of retirement income, accessing household capital, could be the solution to a comfortable retirement, new research shows. The latest research from Heartland Seniors Finance conducted by RMIT University found 90% of senior ...

Land tax favourable over stamp duty: Survey

ELIZA BAVIN  |  MONDAY, 30 NOV 2020
... are given preferential treatment in retirement, and those who own their home are likely to have a come comfortable retirement.