Several thousands among the Australian retiring population are departing from the traditional lifestyle of retirement years. Instead of living a modest life in the cities or just-about-decent life in the suburbs, they are migrating to South East Asia. While a few of them are looking for a cultural crossover and diversity of adventure, a majority is certainly looking at low cost of living in South East Asia as a major plus- one that can give their retirement savings longer legs.
In this article we compare the cost of retirement living in Australia and retiring overseas in 8 countries spread across Asia (6 of them in South East Asia). We also look at the biggest threats to your ambitions of retiring overseas.
Cristiano Ronaldo is one of the most celebrated footballers of our times. Since Eusebio and Figo, no footballer has delivered as much for Portugal as this 31-year-old genius. While his exploits for his country are remarkable, it cannot still be compared to what he has done for his club, Real Madrid.
Are you a baby boomer? Then perhaps you might benefit from this string of expert SMSF advice for people on the brim of retiring.
Retirees and baby boomers with investments in self-managed Super funds (SMSF) who have the potential to outlive their retirement savings may find themselves in a financial quagmire if their SMSF advisers do not immediately address the situation.
Born between the Second World War and the year 1964, Baby Boomers have become the postage stamps for radical social change. The last of the Baby Boomers will turn 60, come the 1st of January 2015. Some of the Boomers who have made wise decisions in the past stand to gain from the rising house prices. Others, and there are a whole lot of them, stand to suffer from the very poor Superannuation fund levels.
An unsettling survey result states that one out of every five SMSF trustees does not have a retirement plan in place. A majority of SMSF holders suggest that they are certainly chewing on the idea and working out something, but they do not have an elaborate plan laid out.