Will retirement age in Australia increase? Interestingly, there is no official ‘retirement age’ legislated for in Australia. That being said, there are certain age based rules in respect of both Superannuation and also Social Security benefits, that may help to...
Further to my earlier article on What to do Before Retirement, this article makes further suggestions or reinvigorates earlier ideas with added focus now that you are ‘Retired”. Retirement is a significant life stage that offers the opportunity to enjoy a multitude of...
How long will $500,000 last in retirement ? Retirement planning is a critical aspect of one's financial journey, especially in Australia, where the retirement landscape is ever evolving. A key question that retirees often grapple with is: How long will $500,000...
Should I retire early? Yes please! Why wouldn’t I want to retire early? More time on my hands, no alarm clock, deadlines or commuting. Sounds great. This is the simple answer. Unfortunately, the more complicated answer is, it depends. There are a number of factors to...
When planning for retirement, it’s crucial to determine how much money you’ll need to sustain your desired lifestyle and cover your expenses. This calculation involves various factors, including your current age, desired retirement age, life expectancy, expected inflation rate, investment returns, and whether you own your home or not. In this article, I will provide a concise overview of how to estimate the amount needed to retire, assuming you already own your home.
What is the 25% retirement rule? The 25% retirement rule is an indicator of how much money you may need to save for your retirement. It is based on an assumed withdrawal rate of 4% of your savings in the first year of retirement, with all future withdrawals indexed...
