When Choosing to Do Nothing is Good For You

Sometimes choosing to do nothing can be good for you - it can even save lives. A paper by Eric Johnson and Daniel Goldstein titled Do Defaults Save Lives? examined the organ donation consent rates across European countries. In the table below you can see there is a significant variation between some of them. Why do … Continue reading When Choosing to Do Nothing is Good For You

Are Gen Y Really the Nation’s Best Savers?

This week it's been reported that Gen Y have the best saving habits in the nation. Now who said Gen Y were lazy and directionless? Both SMH and Smartcompany carried the news that the often maligned Gen Y are actually better savers than both Gen X and the Baby Boomers. These headlines were based on the RaboDirect … Continue reading Are Gen Y Really the Nation’s Best Savers?

Investment Lessons from my Grandfather

"Life's tragedy is that we get old too soon and wise too late" Benjamin Franklin When I was 19 I started investing in shares. My grandfather was a lifelong sharemarket investor and he encouraged me to get me started. When I say lifelong investor I mean he bought and held forever - he hated selling. He … Continue reading Investment Lessons from my Grandfather

What is a Comfortable Retirement?

I have previously discussed what sort of retirement income is considered "modest" and "comfortable". You can find it here. The Association of Superannuation Funds Australia (ASFA) has just released their latest ASFA Retirement Standard for the June quarter. Related articles What Type of Retirement Will You Have? (davidjrae.com) How Much Money Do I Need in Retirement? (davidjrae.com)

What Type of Retirement Will You Have?

Despite the Government recently passing legislation to increase the superannuation guarantee from 9% to 12% by 2019, many Australians are still likely to have inadequate savings when they reach retirement. While the increase in the superannuation guarantee will certainly help address the issue of superannuation adequacy, it will be of most benefit to those people … Continue reading What Type of Retirement Will You Have?

Federal Budget Update – Middle Income Super Savers to Suffer

The aim was to get the budget back in the black at all cost and that was delivered. To do this some of the tax increases have been aimed squarely at higher income earners - namely: contributions tax increased from 15% to 30% for those earning over $300,000 reduced employment termination tax offset - possibly … Continue reading Federal Budget Update – Middle Income Super Savers to Suffer

4 Reasons Why Gen X and Gen Y Need to Start Thinking About Super

How Your Super is Invested is a Huge Decision Do you know what your super is invested in? How much do you have in growth assets like equities? What about in defensive investments such as cash and fixed interest? If your investment mix is not right for your strategy, timeframe and goals it could cost you … Continue reading 4 Reasons Why Gen X and Gen Y Need to Start Thinking About Super