1. Leaving Funds in Accumulation Phase After Retiring The Problem Some retirees leave their super in the accumulation phase after turning 60. While this seems simple, it often means paying more tax than necessary. Investment earnings in accumulation are usually taxed at 15%, which can quietly eat into your retirement savings over time. To avoid…
According to ASFA’s June 2024 data, a modest retirement at age 65 costs about $33,134 per year for a single person and $47,731 for a couple. For a more comfortable retirement at age 67, ASFA recommends saving around $595,000 if you’re single or $690,000 for a couple. Planning for retirement can be difficult, and 55%…
One of the easiest and most fun ways to learn about something is by listening to podcasts. If you want to understand money better and learn how to grow your savings, there are lots of great podcasts out there to help. Whether you’re just starting to budget or want to learn more about investing, we’ve…
No matter if you’re just starting or already know a lot, there’s always more to learn about money. The best books about money will show you how to take care of it and give you helpful tips to make smart choices. When it comes to your money, you want the best advice. That’s why we’ve…
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