Every once in a while, you get the opportunity to be part of something bigger. Vanessa Stoykov writes about her recent involvement in the BT Financial Group retirement planning panel and why we all need to start thinking about retirement today.
Over the past 30 years, the percentage of living expenses the age pension covers has dropped from 90 per cent to 37 per cent.
The numbers for a comfortable retirement are big. So big, that most people simply don’t bother to get their head around them until it’s too late. With 50 per cent of the population expected to fund their own retirement, advisers have a massive opportunity to help make this a reality.
Over the next 20 years, $3.5 trillion is expected to be passed down from the baby boomers to Gen X and Y.
A growing and an ageing population provides great opportunity for financial planning to engage with the public to ensure all Aussies retire well.
Although generation y may be income rich, their net worth remains modest, whereas the retiring baby boomers control more than half of the nation’s wealth. Social researcher Mark McCrindle shares his insights on the differences between generations when it comes to wealth and income to help you better understand the challenges facing your clients’ demographics.
The need for residential aged care is often sudden and decisions must be made with a sense of urgency. It is an emotional time for families, who have to deal with the complexity of the aged care system and the combination of these factors can easily cause families to make rushed decisions, without a full understanding of the consequences.
An ageing population brings with it challenges for financial advisers as client needs evolve to better reflect their needs and circumstances.
Bryce Doherty, chief executive of UBS Asset Management Australia, explains how to use simplicity to create engagement in superannuation.
There are many different ways to view the retirement phase of your life, but few people see it as a chance to make up for lost time and opportunity.
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