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Welcome to the November issue of Financial Insights and Updates.
Our video this month, ‘Australians working longer before retirement, easing aged pension pressures‘, looks at how Elderly Australians are working longer before retiring to ease the pressures on the aged pension, with experts saying if the trend continues many will be working into their 70s. Our feature article ‘Working longer or retiring earlier: Australia’s retirement reality‘ discusses how a range of factors affect when Australians are choosing to retire.
Some other interesting articles this month include ‘Navigating the outcome of the U.S. election’ which discusses how history suggests that investors shouldn’t be concerned about material asset return differences under different political administrations, and ‘When Life changes, so should your Financial Goals‘ which encourages everyone to review their financial plans regularly, especially after major life events.
As always, feel free to forward any articles to friends and/or family that you feel may benefit from the information.
In signing off, please remember that we are always available to answer any questions or queries you may have and to come speak with us before making any major investment decisions.
Warm regards,
The Wealth Connexion Team
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Feature Video:
Australians working longer before retirement, easing aged pension pressures
[/vc_column_text][vc_column_text css=””]https://www.youtube.com/watch?v=4lps0TR3C1o[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_separator border_width=”3″][vc_single_image image=”7183″ img_size=”large” alignment=”center” style=”vc_box_border” css=””][vc_custom_heading text=”Working longer and retiring earlier” font_container=”tag:h4|text_align:center” use_theme_fonts=”yes” css=””][vc_column_text css=””]
The average retirement age reported by retirees was 61 years old, while working age Australians reported an average ideal retirement age of 62.6 but an average realistic retirement age of 67.9.
[/vc_column_text][vc_btn title=”Read more” style=”custom” custom_background=”#ae9257″ custom_text=”#ffffff” align=”center” css=”” link=”url:https%3A%2F%2Fdrive.google.com%2Ffile%2Fd%2F1M7SutPJFiaoX93QbzLWcccysbwj0bA5b%2Fview|target:_blank”][vc_separator border_width=”3″][vc_single_image image=”7184″ img_size=”large” alignment=”center” css=””][vc_custom_heading text=”Navigating the outcome of the U.S. election” font_container=”tag:h4|text_align:center” use_theme_fonts=”yes” css=””][vc_column_text css=””]
Donald Trump is the winner of the 2024 United States presidential election.
Although there is clarity around the outcome of the election, some investors may feel the need to do something.
[/vc_column_text][vc_btn title=”Read more” style=”custom” custom_background=”#ae9257″ custom_text=”#ffffff” align=”center” css=”” link=”url:https%3A%2F%2Fdrive.google.com%2Ffile%2Fd%2F1QqndKoydJw2fWkRPF1IlI4B_WpR-rp4Y%2Fview|target:_blank”][vc_separator border_width=”3″][vc_single_image image=”7185″ img_size=”large” alignment=”center” css=””][vc_custom_heading text=”Women and Superannuation” font_container=”tag:h4|text_align:center” use_theme_fonts=”yes” css=””][vc_column_text css=””]
In Australia, women tend to have lower superannuation balances than men, but they also tend to live longer. This can lead to a greater reliance on the aged pension for women and reduced independence.
[/vc_column_text][vc_btn title=”Read more” style=”custom” custom_background=”#ae9257″ custom_text=”#ffffff” align=”center” css=”” link=”url:https%3A%2F%2Fdrive.google.com%2Ffile%2Fd%2F161vJbvgBbm7_Qq76SW1bKTtp7tegfH52%2Fview|target:_blank”][vc_separator border_width=”3″][vc_single_image image=”7186″ img_size=”large” alignment=”center” css=””][vc_custom_heading text=”Who will get my life insurance benefit?” font_container=”tag:h4|text_align:center” use_theme_fonts=”yes” css=””][vc_column_text css=””]
When you take out a life insurance policy one of the most important decisions you’ll make is determining who will receive the benefit in the event of your passing.
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Marcus and Fleur, both in their 40s, led active, healthy lives with two teenage kids. Their financial plan was straightforward: work hard until their mid-50s, then retire at 60 and travel the world. They worked with a financial adviser, balancing their careers and family time.
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An increasing number of parents are making regular investments into minors’ accounts.
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Disclaimer
This information is of a general nature only and neither represents nor is intended to be specific advice on any particular matter. We strongly suggest that no person should act specifically on the basis of the information contained herein but should seek appropriate professional advice based upon their own personal circumstances. Although we consider the sources for this material reliable, no warranty is given and no liability is accepted for any statement or opinion or for any error or omission. Past performance is not a reliable indicator of future performance. Please refer to the Product Disclosure Statement (PDS) before investing in any products mentioned in this communication. This information is current as at the date of publish.
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