Ursula Boorman

Blog

September 20, 2017

The great Australian (retiree) dream

The very high level of debt-free home ownership among current Australian retirees helps counterbalance their low average super savings, undoubtedly contributing to any sense of financial security. A recent Vanguard research paper, Retirement transitions in four countries, found that that 59 per cent of Australia’s recent retirees surveyed believe they are highly satisfied with their current financial situation. This compares with 24 per cent with a medium level of satisfaction and 32 per cent with a low satisfaction level. In surveys of thousands of pre-retirees and recent retirees in Australia, US, UK and Canada, researchers recorded a marked improvement in financial […]
August 9, 2017

A personal spending check-up

At a time when investment returns and pay rises are typically subdued, a temptation is for investors, including retirees, to take greater risks outside their tolerance to risk in an effort to keep up investment returns. However, among the other smarter options is for investors is to look for ways to reduce their everyday living costs that hopefully won’t really sacrifice the quality of their lifestyles. A recent article in The New York Times– Have a day off? Tackle your financial to-do list – points to how we can potentially save quite a bit of money by attempting to reduce some daily […]
August 2, 2017

Another insight into Australia’s persistent retirement-savings gender gap

New research provides another insight into Australia’s persistent retirement-savings gender gap and into what some women are personally doing to lessen its impact. This research, How Australia Saves – a collaboration between Vanguard and Sunsuper – draws on the transactions and investment experiences of more than a million Sunsuper members. Researchers found that a higher proportion of women than men made non-concessional (after-tax) contributions in 2015-16. Women made up 59 per cent of the members making non-concessional contributions into the fund’s default lifecycle option during 2015-16 in addition to their superannuation guarantee (SG) contributions. (The vast majority of Sunsuper’s members are in […]