Global and Australian share market bonanza

Global share market bonanza The US share market closed the 2019 calendar year having posted their best annual performance since 2013. The gains have mainly been driven by the big technology companies such as Apple and Microsoft that have led the decade-long bull market run. The year finished very differently to how it started, as the Australian share market and global share markets fell heavily during the December 2018 quarter on worries about slowing economic…

Australian Retirement Crisis: Demographics Will Trump All

Australian Retirement Crisis: Demographics Will Trump All From the many conversations that I have when providing financial advice in Sydney to baby boomers approaching retirement, the big issue is the affordability of retirement. The main concerns of people approaching retirement are usually whether they have accumulated sufficient wealth, and how to generate an income stream in this low-interest-rate environment to meet their ever-increasing living costs. Baby boomers are generally defined as those born between 1946…

Australian Retirement Crisis: Impact Of Demographics On The Share Market

Australian Retirement Crisis: Impact Of Demographics On The Share Market We've all heard and experienced the term 'when America sneezes, Australia catches a cold'. For years I've been waking up to a notification from The Australian Financial Review stating whether the Australian share market will rise or fall that day. They don't have a crystal ball and can't accurately tell when the next Australian recession will be. Of course, their prediction is purely based on…

Australian Retirement Crisis: Impact of Demographics on Consumption

Australian Retirement Crisis: Impact Of Demographics On Consumption In providing financial advice for over 30 years to those approaching retirement age in Australia, rarely have I seen a statement from a Federal Treasurer that is so damning on the future economic prospects of Australia than when the cost of supporting an ageing population was exclaimed to be a ticking "time bomb". In the same presentation, the Treasurer stated that he "wants to help older people…

Australian Retirement Crisis: Turning Japanese

Australian Retirement Crisis: Turning Japanese Australian may follow Japan down the demographic hole as the next recession will collide at the exact point where the coming retirement of three million Baby Boomers reaches its peak. I've been providing retirement advice in Australia for over 30 years. Many of the people I've consulted are part of the three million Baby Boomer ('Boomers') generation who will pass the age of retirement in the next ten years. In…

Australian Retirement Crisis: How Much Will You Need?

The Australian Retirement Crisis: How Much Will You Need? To enjoy a good standard of living most Australians will need around $72,000 each year. With future superannuation returns expected to be 5% to 7% per annum, how much wealth will you need to fund your lifestyle in retirement? From the countless consultation I have had for retirement advice in Sydney in recent years with Baby Boomers ('Boomers'), one of their main challenges they have is…

Australian Retirement Crisis: When the Music Stops

Australian Retirement Crisis: When the Music Stops Australia is on the crest of a demographic tsunami with three million baby boomers set to retire over the next decade. This will put enormous pressure on our health, age care and pension systems. Currently, around 40 per cent of Australia’s workforce is made up of Baby Boomers (‘Boomers’). With so many Australians retiring around the same time, this will put enormous pressure on the Federal Government's ability…

Australian Retirement Crisis: Generation of Boomers

Australian Retirement Crisis: Generation of "Boomers" The retirement of three million Baby Boomers in Australia over the next 10 years will have a dramatic economic effect and lead to a Retirement Crisis that will threaten the dreams of the lucky generation. This article is the first of a series of blogs on what I feel is one of the biggest, single themes of our generation. From the many conversations that I have when providing financial…

How to make sure you have enough to retire

How to make sure you have enough to retire We all have busy lives, combining substantial work commitments while simultaneously trying to balance our family lives. Each year seems to be passing more quickly, and as the years tick by, Lanham Financial Advice Sydney has helped many Australians who are close to retirement make sure they have enough to retire and enough assets to lead the life they aspire throughout retirement. In my last article…

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