Become A Nest Egg Guru
4 MINUTE READ A nest egg is simply a sum of money for the future. Think of it this way… if you ever want to be able to afford to stop working and maintain your lifestyle then you’re going to need a nest egg. How big a nest egg? Well, that depends on what sort […]
According to new Roy Morgan research*, people intending to retire in 2016 have a net wealth of $281,000. This does not include the value of the family home, but there’s a reason for that – the place you live in produces no income. Given a single person currently needs $545,000, and a couple $640,000, for […]
It’s surprising how many people expect the Age Pension to fund their retirement, yet most people don’t know how much the Age Pension actually pays. Well, here’s the number: The maximum age pension is currently $22,721 per annum for an individual. And if you’re a couple, it’s not double that, instead it’s only $34,252. These […]
The media draw their audience by constantly trying to have us living in fear. And matters regarding wealth are not immune to this problem. Take for example the headline in the Daily Telegraph this week, ‘Super funds delivering small returns’… Now reading that headline and the first paragraph talking about the lowest returns in 4 […]
According to recent research from the Association of Superannuation Funds of Australia, 25% of self-employed people have no superannuation. People employed by others have their employer make 9.5% super contributions on their behalf – a form of forced retirement savings made compulsory by the government. However, no such conditions are imposed on self-employed people. This leads to a […]
If you’re like many people, you’re getting out of bed most days to go to work. And everyone with a job has compulsory superannuation… who’s paying attention though? Sunsuper’s recently released “2016 Australian Employee Insights Report” showed only 26% of people in New South Wales know what the Superannuation Guarantee rate is… P.S. It’s 9.5%. […]
The question isn’t who wants to be millionaire, it’s who NEEDS to be a millionaire? And it all comes down to simple numbers. Numbers… most of us aren’t huge fans of numbers! But they tell a story. They’ll be a part of your story, and the question is whether the numbers will fall your way […]
The biggest regret of Australians who are retired or semi-retired is that they didn’t start saving for retirement earlier, with the majority saying they wished they’d started saving 20 years earlier. It’s too late for them to make a difference and it’s only at that late stage that many realise they will be faced with […]