The Law Society of NSW breaks new ground by recognising that an ageing population has distinct legal issues that require solicitors to have a different skill set.
That old saying, you reap what you sow, is very apt when it comes to retirement, with an AustralianSuper study revealing that those taking a keen interest in their superannuation in the accumulation phase being more positive about their golden years.
It was lance corporal Jones of Dad’s Army fame who immortalised those two words, ‘don’t panic’. It’s exactly the right advice for those in retirement who are seeing equity markets see-saw due to geo-political events, profit-taking and rising Japanese interest rates.
A Macquarie University and Challenger joint survey has found that retirees who carefully plan this next stage of their lives are better placed to enjoy their golden years.
Parents are increasingly digging deep to get their children and grandchildren into the property market. So, it’s imperative that any financial support is documented, and all parties fully understand what’s involved.
For much of life, it’s pre-ordained – infancy, getting an education and then work. Post the workplace, many struggle to find their ikigai – the Japanese word for having a reason to get out of bed. As retiree coach Jon Glass explained, it’s essential they do.
New AMP research questions the assumption that the younger generation is anxiously waiting to inherit from their retired parents. Instead, they are looking to forge their own financial futures.
By stress testing portfolios in rising markets, Atchison Consultants principal Kev Toohey argued, investors can better understand how they would perform in a market downturn. For retirees, in particular, this could provide a valuable lesson.
Baby boomers have been the major beneficiaries of rising housing prices over the decades. That does not necessarily mean it’s a good investment decision for them to buy residential property as they near or begin retirement.
A tight labour market and sticky inflation suggests that the Reserve Bank is not about to cut the cash rate. Indeed, it’s more likely the bank will lift it again – good news for those with cash and term deposits.
