Record low interest rates make retirement planning difficult. And low returns from defensive asset classes traditionally favoured by retirees—like term deposits—are making the situation even more dire.
With more and more retirees forced to dip into their retirement capital to meet the rising costs of everyday expenses, it’s more important than ever to understand how to protect your retirement income.
The team at Muirfield Financial Services has more than 30 years’ experience guiding hard-working Australians onto the retirement runway. Consider checking off these items to make the most of your retirement.Read More
To assist retirees in preserving wealth within the tax-effective super system the Government has halved the minimum required payment rate from Account-based Pension accounts.Read More
One of the greatest challenges for retirees in Australia relates to the management of their retirement income. Unfortunately, the adage to ‘spend less than you earn’ doesn’t always work for retirees.Read More
Most advice about retirement affordability draws on mathematical models. To develop an equation or model requires key assumptions about the numbers used.
In this article we will consider what is ‘right’ and ‘wrong’ when considering your retirement affordability.Read More
Following the weekends announcements, the Government has halved the minimum drawdown for Account Based Pensions. The drawdown percentage is still based on age and is represented in the table below.Read More
Each year the Government changes the goal posts for superannuation. This year older Australians saving for retirement have been given a boost. Please read on to see if these changes apply to you.Read More