Australia has about $1.5 billion in pooled members’ superannuation balances. Whose responsibility is it to reduce the disastrous losses of savings from corporate failures. Maybe there is nothing we can do to prevent them. Maybe we just don’t have the resolve to bring in… Read More ›
Superannuation
A new era – DIY Financial Planning and Management.
Foes Join Forces to fight for the freedom of financial advice. http://www.abc.net.au/news/2014-07-15/coalition-strikes-deal-with-pup-on-financial-advice-laws/5598738 Who would have thought that Clive, throwing his weight around, Palmer would capitulate to Tony, after declaring he would stand firm on an issue of such importance… Read More ›
More efficient use of capital may improve your investment returns.
How can you continue to generate enough income for your needs as your capital diminishes with increasing speed despite belt-tightening in retirement. Financial advice may no longer be affordable. Capital is critical to wealth-building and saving enough for retirement. It… Read More ›
A Part-Time Work plan to part fund the cost of aged-care
Are the aged, about 3.3 million in number, and representing about 14% of the population, a financial drag on the country, or are they an under-used asset? Here in Australia the rising cost of health and aged care has been… Read More ›
Life Expectancy Projections Queried.
The life expectancy projections of the Productivity Commission that are motivating the Coalition to curb the $40 billion per annum expenditure on age pension income and associated concessions, should be considered to be a worst case scenario for the… Read More ›
How much will you need to save for your retirement?
A reader from “Ten Bags Full” of “C’mon you old codgers! Its time to get back to work!” http://tenbagsfull.com.au/tweet/show/11088 suggested the Rule of Twenty” as a guide to how much a retiree might need in super savings for retirement. This rule deserves… Read More ›
C’mon you old codgers! It’s time to get back to work!
Disclaimer This post is written from the perspective of a 77 year-old who retired from a medical practice 13 years ago with superannuation savings in a self-managed superannuation fund with his wife after selling his practice, of about $700,000. For… Read More ›
Blue chip or second tier?
An article by Andrew Main, The Australian January 18, 2014 entitled ‘Selfies’ accused of distorting decisions on dividends, capital quotes a critical Credit Suisse Australia report by equity strategist Hasan Tevfik and analyst Damian Boey. http://www.theaustralian.comm.au/business/wealth/selfies-accused-of-distorting-decisions-on-dividends The accusation was made… Read More ›
In the long-term, are Equity Markets makers or destroyers of wealth?
Is the stock market a safe place in which ordinary Australians can invest? How many Australians invest themselves directly into the stock-market? I really have no idea, but I guess it is less than half the population. There is a… Read More ›
Productivity Commission Proposes No Aged Pension Until 70
What is the Productivity Commission? The Commission is an independent review body comprising a chairperson and between four and eleven commissioners, appointed by the Governor General, for periods of up to five years. The Treasurer may appoint Associate Commissioners on a… Read More ›
Technically Speaking 