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says. Compounding the disconnect is that many people underestimate their
updated every so often, lump white-collar and blue-collar workers together and
are out of date when published.
However, research by Mercer released in August shows a white-collar male
retiring at the age of 65 today has a 50 per cent chance of living to 88. White-
collar women have a 50 per cent chance of living to 91. These are the mortality
workers.
The latest Mercer survey results come as the government tightens access to
the age pension. The Abbott government has further increased the qualifying
temporary freeze on the superannuation guarantee. The guarantee will stay at
9.5 per cent for seven years, before resuming its rise to 12 per cent.
There is also a real possibility that the superannuation preservation age, the age
at which people can access their super savings, will eventually rise, to maintain
would imply a preservation age of 65.
Quay Credit Union
website.com.au
1300 426 728
0400 000 000
admin@website.com.au
1300 426 728
email@website.com.au
Disclaimer and Disclosure
Disclosure statement:
authorised representative of Genesys Wealth Advisers Ltd. Copyright © 2011 Genesys Wealth Advisers Limited ABN
General Advice Warning: This communication, including any attachments, may
intended recipient you must not read, use, disseminate, distribute or copy any part of this communication, disclose its
contents to any other party, or take any action in reliance on it. If you have received this communication in error, please
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and defects prior to opening any attachments. Financial Services and Credit Guide (FSCG): Please click here to
See these stories and more online at news.xpertprofessionals.com
B
News Update | March 2015
Golden years not so golden
Retirees are living longer, yet many have their retirement saving plans derailed by
redundancy or illness, writes John Collett.
The retirement years of many people are not as golden as is commonly
believed, with 40 per cent of retirees saying they have been forced into
reality of retirement. Most people are retiring close to the age of 60, with only 3
per cent retiring at 70 or older.
That is despite older people saying they want to work longer.
‘‘Our research shows uncontrollable triggers can derail the best-laid plans for
retirement,’’ says David Anderson, Mercer’s managing director.
more years to fund in retirement and fewer working years to save for it.
their previous occupations, it is well known that those in some occupations are
hit particularly hard by enforced early retirement.
was released earlier this year, showed those working in community and
personal services, clerical and administrative roles, sales, and as labourers are
up to 50 per cent more likely to retire before the age of 60 than professional
workers.
Golden years not so
golden
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What is Feedsy

  • 1. Streamlining keeping in touch & staying ‘front of mind’
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  • 14. Print says. Compounding the disconnect is that many people underestimate their updated every so often, lump white-collar and blue-collar workers together and are out of date when published. However, research by Mercer released in August shows a white-collar male retiring at the age of 65 today has a 50 per cent chance of living to 88. White- collar women have a 50 per cent chance of living to 91. These are the mortality workers. The latest Mercer survey results come as the government tightens access to the age pension. The Abbott government has further increased the qualifying temporary freeze on the superannuation guarantee. The guarantee will stay at 9.5 per cent for seven years, before resuming its rise to 12 per cent. There is also a real possibility that the superannuation preservation age, the age at which people can access their super savings, will eventually rise, to maintain would imply a preservation age of 65. Quay Credit Union website.com.au 1300 426 728 0400 000 000 admin@website.com.au 1300 426 728 email@website.com.au Disclaimer and Disclosure Disclosure statement: authorised representative of Genesys Wealth Advisers Ltd. Copyright © 2011 Genesys Wealth Advisers Limited ABN General Advice Warning: This communication, including any attachments, may intended recipient you must not read, use, disseminate, distribute or copy any part of this communication, disclose its contents to any other party, or take any action in reliance on it. If you have received this communication in error, please contact the sender immediately and delete this communication. Aspire2 Wealth Advisers Pty Ltd does not warrant that this communication or any attachments are free from viruses or other defects. Please ensure that you check for viruses and defects prior to opening any attachments. Financial Services and Credit Guide (FSCG): Please click here to See these stories and more online at news.xpertprofessionals.com B News Update | March 2015 Golden years not so golden Retirees are living longer, yet many have their retirement saving plans derailed by redundancy or illness, writes John Collett. The retirement years of many people are not as golden as is commonly believed, with 40 per cent of retirees saying they have been forced into reality of retirement. Most people are retiring close to the age of 60, with only 3 per cent retiring at 70 or older. That is despite older people saying they want to work longer. ‘‘Our research shows uncontrollable triggers can derail the best-laid plans for retirement,’’ says David Anderson, Mercer’s managing director. more years to fund in retirement and fewer working years to save for it. their previous occupations, it is well known that those in some occupations are hit particularly hard by enforced early retirement. was released earlier this year, showed those working in community and personal services, clerical and administrative roles, sales, and as labourers are up to 50 per cent more likely to retire before the age of 60 than professional workers. Golden years not so golden 8 Practical Tips to Add Value to Your Home Why didn’t I think of that? Turn Facebook into a revenue stream Australian dollar jumps cash rate on hold Coming in 2015
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