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Showing 1 - 8 of 8 results for "Older Retirees"

Retirees feel the brunt of inflation: Challenger

CHLOE WALKER  |  TUESDAY, 24 JAN 2023
... to make ends meet simply by reducing discretionary spending. "If the cost of energy and groceries both increase, older retirees will not want a situation where they have to choose between cutting back on essential heating or grocery bills," Challenger ...

Super sector to dominate by 2034

ALLY SELBY  |  MONDAY, 16 DEC 2019
... the baby-boomers age and consume their benefits. There will also be a run-off of large SMSF funds as the current older retirees age and withdraw from the segment," Rice Warner said. The research house predicts that funds will set up new business lines ...

Rising costs outpace retiree savings

KARREN VERGARA  |  FRIDAY, 24 MAY 2019
... 4.1% year on year. On an annualised basis, the price of food and non-alcoholic beverages rose by 2.3% on average. Older retirees therefore had to adjust their budgets up 0.3% at the comfortable level and 0.4% at the modest level, ASFA said. The most ...

Pre-retirees risk significant shortfalls: MLC

EMMA RAPAPORT  |  TUESDAY, 29 AUG 2017
... modest level, singles need to spend $24,270 and couples $34,911, up 0.1% on the previous quarter. Total budgets for older retirees (those aged 85 and over) increased by around 0.5% compared to the previous quarter at both the comfortable and modest levels. ...

$1.6 million cap will not derail retirement

DARREN SNYDER  |  MONDAY, 12 SEP 2016
... income will last to 80%. McCulloch said it was important to remember ASFA's retirement standard estimates that older retirees need about 10% less than younger retirees to fund a comfortable standard of living. "This is still a positive result. In fact ...

Retirees face deflationary conundrum

DARREN SNYDER  |  THURSDAY, 2 JUN 2016
... year and singles $42,893, down 0.5 and 0.7% respectively on the previous quarter. Total retirement budgets for older retirees decreased by 0.2% at the comfortable level, and 0.1% at the modest level. According to ASFA, in order to achieve a comfortable ...

ASFA outlines spending needs of nonagenarians

MARK SMITH  |  WEDNESDAY, 14 JAN 2015
... Superannuation Funds of Australia (ASFA) has developed a new retirement standard, the ASFA Retirement Standard for Older Retirees, which outlines the expenditure required for Australians aged 90-95 to maintain a comfortable or modest lifestyle in retirement. ...

Govt unveils more super reforms

RUTH LIEW  |  MONDAY, 3 MAY 2010
... provide annuity products for younger retirees and focus their efforts on being the longevity insurer for Australia's older retirees aged 75 plus," said Melinda Howes, chief executive of IAA.
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