We’ve recently discussed perhaps the most powerful retirement strategy of them all - work a bit longer.
Well, now it seems that leaving retirement behind to return to the workforce is increasingly popular among older Australians. I came across this article originally published in the Sydney Morning Herald which shares the experience of 2 such people, and highlights the challenge of getting your retirement decision right.
Two colleagues went on holiday separately. One had a great time. The other had a miserable experience. Their respective stories provide valuable lessons, not just about taking a vacation, but about investment.
Saving and investing for retirement are important. But for most people, another strategy is far more powerful - working a bit longer.
Keep reading. There are some provocative nuggets here.
Political debate regarding the refunding of franking credits for those that don’t pay tax is starting to heat up. I must have been asked by a dozen people what the hubbub is all about.
“Can you explain simply dividend imputation, franking credits and double taxation”
It is a little complicated and I reckon the best way to explain is by example. Let me know if this makes sense.
Once a decision has been made to buy an investment, it is important to consider the best investment structure to use. An investment structure refers to the way investments are legally owned. Many people simply purchase assets in their own name or joint names, when other ownership structures may be more suitable.
Winx, taxes and me having that extra helping of dessert are all pretty sure bets.
I reckon you can add a Federal Labor victory some time soon to that list.
What will that mean for your money? To their credit, the ALP have been quite open about their proposals. Here is what we know:
There used to be a ‘traditional’ approach to retirement. It went like this.
On 7 August 2018 the Australian population has edged past the 25 million mark. What could this mean for the future financial wellbeing of everyday Australians? Hear from Certified Financial Planner® Professional Tony Sandercock of wetalkmoney about the potential impact on finances and retirement outcomes of a bigger population. (This article originally appeared in Money and Life)
In the words of that celebrated US Philosopher, Elvis Presley, “we need a little less conversation and a little more action please”.
I'm eating a hamburger. I see the man next to me carefully picking a slab of cheese out of his burger, wrapping it in a paper napkin, and eating the rest. It puzzles me, so I ask him about it. “Excuse me,” pointing at the napkin, “why did you do that?” The man replied “Oh, every time I eat a burger, I set one ingredient aside. At the end of the week, I have a free burger!”