23/04/2024
Life in retirement keeps getting more expensive
The latest rise in the Age Pension rate still falls short of what many people may need to have a modest lifestyle in retirement.
Greg Black
The latest rise in the Age Pension rate still falls short of what many people may need to have a modest lifestyle in retirement.
Jayson Forrest reports.
Central bank’s aggressive approach to combating inflation, characterised by significant rate hikes, did not stall the economy as anticipated by the markets. The market’s eagerness for a slowdown has been overtaken by its desire for expansionary monetary policy.
Despite signs that the central banks remain firm against inflation, equity markets maintained an optimistic stance, hoping for rate cuts to prevent an economic downturn. The recent earnings season showed positive results, but forward guidance from companies remained uncertain, hinting at potential economic slowdown concerns.
If you need help in your home, or can no longer live independently, the Australian Government provides a range of aged care services.
These services are subsidised, but you need to contribute to the cost if you can afford to.
It’s no secret that scammers are getting more sophisticated. As this is an ever-evolving space, scammers are constantly developing new ways to part you with your hard-earned cash – and they cast their net wide.
When life tosses up an unexpected event – such as retrenchment, a medical emergency or even just a big bill to fix the car – it can be nerve-wracking worrying about how to deal with the crisis. And, if funds are short, that just adds to the stress.
Is 2023 going to be the year to get your financial world in order?
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