A landmark report by the Australian Human Rights Commission has uncovered a frightening lack of understanding about a financial enduring power of attorney. Now it wants federal, state and territory governments to usher in complementary legislation – urgently.
The bad news is that seniors remain a primary target of aggressive digital criminals. The good news is that the combined efforts of government, law enforcement and the private sector, plus more aware consumers, are finally paying dividends as the number of financial casualties fall.
Debt in retirement is often a poisoned chalice. So, a solution that allows people to tap into their home equity by selling a share of its future sale proceeds without incurring debt can be a viable option.
With EY predicting a pick-up in the private credit market, the need to understand the risks inherent in this investment strategy that’s nearing $200 billion in assets under management has never been more important.
Despite new supply coming on to the market, economic tailwinds should continue to underpin this buoyant commercial property sector’s growth for the next decade.
Sharp market downturns can play havoc with those in retirement who must draw down on their savings and have less capacity and time to wait for their investment portfolios to recover.
While retirees understandably fret when markets resemble a roller-coaster ride, their fears are misplaced. A new study shows that over the past three decades markets have performed strongly, the GFC, COVID, economic downturns and geopolitical events notwithstanding.
With the Productivity Commission estimating $3.5 trillion will change hands by 2050, there is a pressing need for all the generations to work together to ensure that this windfall legacy is not squandered.
The Law Society of NSW breaks new ground by recognising that an ageing population has distinct legal issues that require solicitors to have a different skill set.
That old saying, you reap what you sow, is very apt when it comes to retirement, with an AustralianSuper study revealing that those taking a keen interest in their superannuation in the accumulation phase being more positive about their golden years.
