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?"
One of the Coalition's key promises in the lead up to the election was budget repair. Now they've been re-elected, a range of welfare cuts have been scheduled in order to fund the government's National Disability Insurance Scheme (NDIS).
The work bonus is an incentive for pensioners so that taking up short-term or seasonal work will lessen the effect on your pension payment rate, if any.
You'll now receive new articles and insights that will help you earn more, save more and make the most of your investments.
You can expect to hear from us every week.
In the meantime, stay up to date by following Money on social media.
Important
To ensure you receive emails from us, we recommend that you add our email address (@moneymag.com.au) to your contacts or safe senders list.
If you don't receive our newsletters, please check your "Junk" folders. Your email provider should give you an option to add the email to your safe list.