A grey nomad with no fixed address sounds fun – the beach, fishing, the campfire. But the reality is many retired people won’t be able to afford this lifestyle.
Our situation changes and we need to react! Let’s look at what the super member sees as they advance through life and give them what they need.
The release of Rice Warner’s Underinsurance in Australia Report 2014 has highlighted that the typical default cover offered via superannuation is seriously deficient for some Australians.
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With the recent release of the 2015 Intergenerational Report (IGR), we are yet again reminded of our ageing population and the financial implications this will have on us all. We are all living longer, and with more than 40,000 Australians …
CMSF 2015 and the month of March is now behind you and what did you achieve? Did you focus on member engagement, digital strategy or brand? Or was trustee education, cybercrime, call centre management or global economics in the spotlight …
The Hon Bruce Billson MP, Federal Small Business Minister today launched the Be MoneySmart online learning resource on behalf of the Australian Securities and Investments Commission (ASIC). With the objective of teaching young people (apprentices and trainees in particular) to …
To my mind, the big concern around withdrawing savings from super accounts to buy a first home (likely very early in a person’s working life, when the balances are not huge anyway) is that the biggest player in the super game – ‘compounding’ gets cut off at the knees.
The debate will clearly continue but I will close with a quote from Warren Buffet, “My wealth has come from a combination of living in America, some lucky genes, and compound interest”. Who could argue with the great man?
