At the height of the GFC in 2008, a $500,000 lump sum was enough to generate income equal to the aged pension. Today with interest rates plummeting to generational lows the lump sum has blown out to >$1M. Combine this with the proposed reductions to the age pension asset limit and the population demographics it […]
Ways you can protect your income against rising living costs include: Invest and maintain investments in the key businesses and sectors of the economy (both in Australia and internationally) who generate and sell the products we commonly buy and consume. Stay the course and invest regularly. This may include investing new savings or reinvesting surplus […]