The government's message with the Pension Loan Scheme is clear: consume more of your assets (including your house) in retirement and leave less for the kids.
The coalition has used its generous baby boomer and pensioner package within the Federal Budget to hit back at what it regards as Labor policies designed to "attack retirees".
Jimmy and his wife are worth more than $1.5 million. They ask Paul Clitheroe how they can offload assets in order to get the $1,348.40/fortnight aged pension.
Many Australians have been told they will need more than $1 million in super to retire, but we've found the sweet spot which means you only need $275,000.
With the focus on accumulating super, what actually happens in retirement is an afterthought. So are account-based pensions really suitable for everyone?
Low interest rates are hurting retirees trying to make their nest egg go the distance, and it raises the question, "What happens when the money runs out?"
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