The Reserve Bank of Australia has announced that it will cut interest rates. This sets a new record low rate of 1.75% - the first change since May last year. The Bank is hoping to stimulate an under-performing local economy. Low interest rates continue to support housing market activity. ...
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HOW MUCH DO YOU NEED TO RETIRE?
Different people will have different needs depending on the lifestyle they expect in retirement, however, figures released by the Association of Superannuation Funds of Australia (ASFA) can help you to plan. The latest figures indicate that couples need just unde...
29-04-16 11:03 PM - Comment(s)
EXPECTING YOUR SALARY TO BE ENOUGH TO COVER YOU IN RETIREMENT
Many Australians are caught in an old paradigm, their parents’ and grandparents’ idea that if they just work hard enough, they’ll earn enough and save enough to retire on. To do this, you would need to save about $20,000 per year. Th...
29-04-16 10:51 PM - Comment(s)
This is a question that comes up from time to time and the better question is, what property investment is going to give me the better return in the long run and have the lowest holding costs? This is the better question to ask, regardless of the kind of property you’re looking to invest in....
23-03-16 12:24 AM - Comment(s)
Australia’s retirement system is known to be among the best in the world. With the government’s age pension and mandatory “Superannuation Guarantee” programs from employers, it has far exceeded other industrial nations like the United States when it comes to high individual savings rate.
However, Au...
26-02-16 11:00 PM - Comment(s)