How does asset allocation affect duration? Table 2 on the previous post shows the outcomes for effective earning rates ranging from 1% – 10%. The higher the earnings rate, the longer your money could potentially last, so asset allocation can have an important impact on the duration of your retirement savings. Picking an appropriate asset … Continue Reading
The duration of retirement savings Once you get an idea of how long the money needs to last, the next step is to work out how long your money can potentially last. The table below illustrates, for any particular amount of retirement savings, how long the money might last assuming a constant annual drawdown amount … Continue Reading
Comparing Carer Payment with Age Pension If you are a carer or have a friend or family member who is a carer and is over age pension age, you should know that you can choose to receive either the carer payment or the age pension. The following table compares the issues that may help you … Continue Reading
When planning your retirement, the lifestyle you want to achieve is an important consideration and a starting point for setting your long-term wealth creation plans. The sum of money that you can accumulate during your working life will drive how much income you can generate in retirement. This obviously then affects your lifestyle options, especially … Continue Reading
01/03/2021 From 20th of March 2021 the fortnightly base rate for the aged pension will rise by $8.40 for singles to $952.70, and by $12.60 for couples to $1,436.20. These rates include Pension Supplement and Energy Supplement which are payable to all pensioners. This may be a small increase for many older Australians but every … Continue Reading
