Baby boomers in Australia, the UK, the US and other Western nations are in a pickle. They're often cash-poor and living in a country with a high standard of living and prices to match. For some, retiring overseas is an option, but it pays to do your homework.
Practitioners should be fully cognizant of whether or not they hold a binding death benefit nomination on behalf of an SMSF member.
The 2018 Australian Federal Budget promises to strengthen the economy, create jobs and cut taxes. Treasurer Scott Morrison, who turns 50 this year, again tinkered with – or is it fine-tuned? – superannuation and retirement.
Why are some super funds struggling when funds are pouring into them all the time?
Since the removal of the accountants' exemption and the introduction of the limited Australian Financial Services (AFS) licence, accountants who provide self-managed superannuation fund (SMSF) services have taken a range of steps to adapt to the changes.
Changes to superannuation policies will take effect from July 2018, and the jury is out on whether they will help retirees wanting to downsize.
The growth in self-managed superannuation funds (SMSFs) shows no signs of slowing, and as the number of funds approaches 600,000, regulators have had to prioritise and set criteria to monitor the sector.
Should young Australians put money into superannuation or do they risk investing in a scheme that might not be around by the time they retire?
Last year saw the biggest changes to the superannuation sector in a decade, and navigating the new rules has thrown up new concerns for SMSF trustees.
SMSF trustees are looking forward to a long and happy retirement and there’s a lot their advisers can do to help them find that sweet spot.