Financial Insights & Updates - November 2024
Welcome to the November issue of Financial Insights and Updates of 2024
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.
The Team at Nixon Financial Services Pty Ltd
Warm regards,
The Team at Nixon Financial Services Pty Ltd
Feature Video: Australians working longer before retirement, easing aged pension pressures
Working longer and retiring earlier
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.
How to shift into pension mode
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.
Women and Superannuation
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.
Who will get my life insurance benefit?
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.
This decision ensures that your loved ones are financially protected, and your wishes are honoured.
Who receives the benefit?
When Life Changes, so should your Financial Goals
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.
How Aussie parents and grandparents are investing for kids
An increasing number of parents are making regular investments into minors’ accounts.