Here you will find interesting quotes, useful information and links to helpful articles on a wide variety of subjects.
Julie's Blog Posts
Happy New Year!
Merry Christmas from ES&A!
Merry Christmas to all our beautiful clients and friends on behalf of all of us at ES&A.
Thank you for your support and friendship over the last year - it has been an absolute pleasure assisting you all.
Our office is now closed from Thursday 20th December and we reopen on Tuesday 2nd January 2024.
Quote of the week!
Quote of the Week
Quote of the Week
More changes to our super seem likely!
A new government = more tampering with superannuation. Whilst I recognise that we have a country to run and a budget to meet - why is that the superannuation members of Australia seem to have a target on them? Look it's early days and we really don't know what is going to change - I read the article attached below in the Financial Review on 23 February and it's a bit of an eye opener on what is potentially on the table.
What is clear is that constant changes to the superannuation tax settings erode confidence in the system and discourage members from making long-term savings plans.
I guess at this very early stage... it's just 'watch this space' with your heart in your mouth :-(
Regards,
Julie
The runway to retirement is shorter than expected
Older Australians often intend to take advantage of the new ways of working, but it doesn’t work out that way.
The average age at which Australians plan to reduce their work commitments and transition into retirement is 62.5 years, and the average age we would like to retire fully is 64.8 years.
But the reality is different. The average age at which Australians start reducing their work commitments is 61.4 years, and the average age we fully retire is 63.4 years.
These averages reflect the fact that one in three older Australians who planned their retirement did so earlier than they intended.
The top three reasons for retiring earlier than planned were that they were suffering from personal health issues (two in five), they were required to care for someone suffering from health issues (one in eight), or they were made redundant and lost their job (one in eight).
Therefore, it makes sense that one in four retirees report feeling out of control at retirement.
The sooner you start planning, the better.
Take a read of the attached article by Richard Dinham and let me know your thoughts.
Happy 2023!
