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.
It was lance corporal Jones of Dad’s Army fame who immortalised those two words, ‘don’t panic’. It’s exactly the right advice for those in retirement who are seeing equity markets see-saw due to geo-political events, profit-taking and rising Japanese interest rates.
A Macquarie University and Challenger joint survey has found that retirees who carefully plan this next stage of their lives are better placed to enjoy their golden years.
Parents are increasingly digging deep to get their children and grandchildren into the property market. So, it’s imperative that any financial support is documented, and all parties fully understand what’s involved.
For much of life, it’s pre-ordained – infancy, getting an education and then work. Post the workplace, many struggle to find their ikigai – the Japanese word for having a reason to get out of bed. As retiree coach Jon Glass explained, it’s essential they do.
