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…

Will you have enough to retire?

Will you have enough to retire? Will I have enough to retire? If you are approaching retirement, then chances are you've asked yourself this question at least once.  While there are a variety of predictions in the market place on what the average annual income is needed, we have found from our cost of living analysis that most retirees who have come to us for financial advice require an income on average of $72,000 per annum to…

Trade War between US and China

Trade War between US and China The trade war between the US and China has escalated in recent months with tit for tat moves on an almost daily basis from each country creating headlines and uncertainty when providing financial advice or making investment decisions. The uncertainly has led to share markets falling sharply on an almost daily basis and safe haven assets like bonds and gold have benefited. A trade war is where countries raise…

The US and China trade war: The world in transition

The US and China trade war: The world in transition The US and China trade war has escalated in recent months with tit for tat moves being made on an almost daily basis between both sides (another article on this can be found here). But, this is not a recent phenomenon; China has been pegging the Yuan to the USD for decades, and things aren't likely to change any time soon.  So why all of…

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