Home
Search
thewest.com.au
LifestyleChevron Right Icon

Retirement

Am I better off drawing a lump sum from my super each year?

Your MoneyCommentsPremiumAm I better off drawing a lump sum from my super each year?

Q+A: Am I better off drawing a lump sum each year from the super fund, or transferring the money to a RI allocated pension — which converts super into a regular income — and then drawing from this account?

Nick Bruining

Construction on the final stage of the retirement village development is expected to start in January.

Commercial PropertyCommentsFive-storey retirement village to rise in Perth’s north

More than a decade since the masterplan was first approved, stage three of the St Ives Carine Retirement Village is preparing to break ground.

Liam Murphy

One curve ball to your retirement plans could leave you with a situation that no longer features the “photographs and still frames in your mind” (thanks, Green Day) post-work life.

DebtManCommentsPremiumGood Riddance to your retirement ‘still frames’ in mind

DEBTMAN: One curve ball to your retirement plans could leave you with a situation that no longer features the “photographs and still frames in your mind” (thanks, Green Day) post-work life.

Bruce Brammall

There is absolutely a place for retirement villages for the elderly and the lifestyles they promise. 

Your MoneyCommentsPremiumWhy village lifestyle decision not always best financial one

As someone who has taken a close look at the retirement village arrangements on offer, I can see the attractiveness of the proposition and why it is appealing to many.

Nick Bruining

Aged care financial planning expert Brenda Will has seen plenty of examples where the money left over from a retirement village sale was insufficient to fund the refundable accommodation deposit.

Your MoneyCommentsPremiumHow to avoid hefty costs when moving into aged care

Seniors moving into retirement village lease-for-life arrangements have been warned to check the exit process and fees, or risk a shortfall when it comes time to cover hefty accommodation payments.

Nick Bruining

You can carry-forward unused concessional contribution caps into super.

Nick Bruining Q+ACommentsPremiumHow to making super contribution using property sale profit

Q+A: I want to use some of the profits from the sale of an investment property to contribute to my super. With an ABP of less than $500,000, I can make six years of concessional contributions.

Nick Bruining

Greg Milner’s parents were residents of a retirement village for just 18 months. On exit, their $925,000 was reduced by $210,000 for ‘exit fees’.

Your MoneyCommentsPremiumSon sounds alarm on huge retirement village exit fees blow

Your Money has received a large number of complaints about the hefty exit fees charged by retirement villages, including one involving a two-year stay that cost a couple more than $200,000.

Nick Bruining

Here’s why you might elect to defer the start of an account-based pension until after July 1.

Bruining Q+ACommentsPremiumWhy it might be wise waiting to convert super to pension

Q+A: ‘I plan to convert my super into an account-based pension and live off that after retirement.’ Here’s why you might elect to defer the start of the ABP until after July 1.

Nick Bruining

Many women fear they will not have enough superannuation to live comfortably in retirement. (Dan Peled/AAP PHOTOS)

RetirementPremiumWomen lack confidence when it comes to retirement funds

More than 60 per cent of women feel they will be unable to achieve a comfortable retirement compared to 47 per cent of men, a survey has found.

Maeve Bannister

Without question, the greatest effect on investment returns will be what Donald Trump dishes out in the way of changes to the US economy.

Your MoneyCommentsPremiumFrom Trump to aged care: The major changes coming this year

Without question, the greatest effect on investment returns will be what Donald Trump dishes out in the way of changes to the US economy. But 2025 will also see a suite of already-legislated changes kicking in.

Nick Bruining

Harley-Davidson is one of the more than 50 stocks Morgan Stanley reckons can benefit from the ageing population.

FinanceCommentsPremiumHow to make money from the ageing population

Morgan Stanley reckons it’s not just cruise lines carrying cashed-up retires around the world that should be on the radar for investors wanting to tap what it calls the Demographic Dilemma.

Sean Smith

Downsizing sounds simple, but the costs quickly add up.

opinion
opinion
Noel WhittakerCommentsPremium
opinion
The best ways to pay for your retirement

It’s one of the most common questions I hear and the prevailing wisdom suggests the average family will draw their retirement income from three main sources.

Noel Whittaker

Understanding these stages can help you manage a transition to retirement or a mini-break seamlessly, leading to a fulfilling post-career life.

Your MoneyCommentsPremiumJoy to panic: 5 stages of retirement and how to survive them

Retirement marks a significant shift in life, not only financially but also emotionally. Much like other major transitions, it often follows distinct emotional stages as you adapt to this new chapter. 

Fran Hughes

A regulator is scrutinising links between the CFMEU and super fund Cbus. (Jono Searle/AAP PHOTOS)

RetirementRegulator wary as super fund appoints union directors

Super fund Cbus has accepted the nominations of three directors put forward by the CFMEU, the union accused of corruption and links to bikie gangs.

Derek Rose

We spend our most productive years living in a “deferred state of happiness”, thinking we’ll get to it when we retire. Mini-breaks can re-energise lives and careers today, not 30 years from now.

Your MoneyCommentsPremiumRetirement’s a journey, it doesn’t need to be a destination

We spend our most productive years living in a “deferred state of happiness”, thinking we’ll get to it when we retire. Mini-breaks can re-energise lives and careers today, not 30 years from now.

Fran Hughes

CFMEU members march in protest on August 27, 2024 in Melbourne.

RetirementSuper funds burn $400m on marketing, promotion

Australia’s superannuation are spending more than $400 million of members’ savings on marketing as big payments to CFMEU revealed.

Neale Prior

The Australian Prudential Regulation Authority has written to big super fund managers saying it had “observed deficient practices and questionable spending in some areas”.

RetirementCommentsSuper fund junkets, shindigs face probe

A Federal regulator is cracking dwn on super fund managers spending their members’ retirement savings on travel, entertainment and conferences.

Neale Prior

Heard of a mini retirement? More people are taking them throughout their careers to step away from work for a few weeks, or even several months, to rest, pursue passions or travel. Here’s how to plan yours.

Your MoneyCommentsPremiumJoin the mini-retirement club! Here’s how to plan your break

Heard of a mini-retirement? More people are taking them throughout their careers to step away from work for a few weeks, or even several months, to rest, pursue passions or travel. Here’s how to plan yours.

Fran Hughes

I recently had the honour of addressing doctors at a medical conference on building wealth.

opinion
opinion
Noel WhittakerCommentsPremium
opinion
The secret to financially secure retirement revealed

I recently had the honour of addressing doctors at a medical conference on building wealth. I’d like to share with you a part of what I told them. 

Noel Whittaker

The changes to Chinese workers' retirement age will be implemented starting in January 2025. (AP PHOTO)

RetirementChina's parliament approves raising retirement age

China retirement age - among the youngest among major economies - will be raised from 2025, increasing to 63 for men and 58 for women.

Staff Writers

There’s no need to wait until the age of 65 to retire.

Your MoneyCommentsPremiumThere’s no need to wait until you’re 65 years old to retire

In a world where the traditional concept of retirement is undergoing significant transformation, the idea of “mini-retirement” is gaining traction. 

Fran Hughes

The average house price in Australia’s capital cities increased by about 173 per cent over the past two decades, according to CoreLogic.

The Nightly Five things you need to do to prep for retirement

It’s not easy preparing for retirement as home prices, rents and the general cost of living rise faster than wages. Here are five things you need to do now.

Remy Varga

Go broke, or die trying. I’ve done my part for rich oldies. It’s on you to pay for your own aged care.

The NightlyI want my mum to die broke, and all the other Boomers, too

BEN HARVEY: I’ve done my part for rich oldies. It’s on you to pay for your own aged care.

Ben Harvey

Q+A: So you subdivided a South West property and gave three children a block of land each. Could the properties gifted affect the support you get from Centrelink?

Your MoneyCommentsPremiumHow to gift land and still get Centrelink support

Q+A: So you subdivided a South West property and gave three children a block of land each. Could the properties gifted affect the support you get from Centrelink?

Nick Bruining