Kavanagh

More than half of Australian retirees are spending less than the age pension each year, according to new research. The latest Milliman Retirement Expectations and Spending Profiles, based on analysis of the spending of 300,000 retirees, shows that large numbers…

What a ‘comfortable’ retirement will cost you

A couple would need $640,000 to fund a “comfortable” retirement and a single retiree would need $545,000, according to the latest Association of Superannuation Funds of Australia estimates. ASFA says a retired couple, who own their own home, could live…

BT Australian Share Fund upgraded to ‘gold’

Morningstar has upgraded BT’s Core Australian Share Fund to ‘gold’ and reaffirmed the ‘gold’ rating of BT’s Smaller Companies Fund. Comprehensive company research is the crucial factor in the success of the Core Australian Share Fund, Morningstar says. “The well-considered…

SMSFs consolidate their equity positions

SMSF investors consolidated their Australian equity portfolios during the first half of 2017, trading less often but taking bigger stakes. Online broker CommSec says in a report that lower market volatility appears to have given SMSF investors more confidence to…

Bigger balances needed to meet retirement income goals

There has been a sharp increase in the SMSF account balances a couple would need to fund a comfortable retirement, according to SMSF actuarial services provider Accurium. The firm’s latest SMSF Retirement Insights report estimates that the amount needed for…