Global debt managers are now looking at Australian pension funds as a very attractive opportunity. What manager wouldn’t want to manage some of the $2.3 trillion Australian pension pie?
Are you within 15 years of retirement? You may want to rethink that timeframe. Eligibility age rises to 67 over the next six years.
Nervousness over which will expire first: you or your capital… These issues impact the majority of retirees…some more consciously than others.
The welfare today is nothing more than a giant Ponzi (pyramid) scheme. Provided the base is greater than the apex, the illusion continues. And that’s where the problem is…
The sheer number of welfare recipients means that the system we’ve created over the last century is unaffordable…it’s a Ponzi scheme.
My money is on the age pension being pared back substantially in the coming years and decades…after 2020, tougher measures will be introduced.
The goal is that you will retire with your mortgage paid off, right? And you can leave the property to your family as an inheritance, debt free.
‘The question isn’t at what age I want to retire, it’s at what income.’ – George Foreman George Foreman tried to retire a few times during his boxing life. He took a year-long break after his famous defeat against Muhammed Ali in 1975. And he actually retired in 1977, after losing to Jimmy Young. But … Read More
When the interest rate hike rumours grow, which will inevitably change the sentiment, gold will reverse its trend.
On the one hand, the government is rightly clamping down on irresponsible advice from financial planners, yet we have the Treasurer — indirectly — suggesting retirees go full tilt into the share market, risking the…
These days, people are 65-years young. Living two and possibly three decades in retirement is a distinct possibility.
What will be the eventual front page story from all these threads? Economy Melts Down. Government forced to cut expenditure. Austerity measures imposed.
Reverse mortgages allow people to use the value of their home to create a new source of income.
I touched on the unaffordability of the aged pension. It’s an expense that’s going to keep growing and growing unless we reform the Australian financial system.