Warning: session_start() [function.session-start]: open(/tmp/sess_a186306ae3c0eb4409f806e2667a2a8a, O_RDWR) failed: No space left on device (28) in /home/goo35092/public_html/template.htm on line 1

Warning: session_start() [function.session-start]: Cannot send session cookie - headers already sent by (output started at /home/goo35092/public_html/template.htm:1) in /home/goo35092/public_html/template.htm on line 1

Warning: session_start() [function.session-start]: Cannot send session cache limiter - headers already sent (output started at /home/goo35092/public_html/template.htm:1) in /home/goo35092/public_html/template.htm on line 1

Warning: Cannot modify header information - headers already sent by (output started at /home/goo35092/public_html/template.htm:1) in /home/goo35092/public_html/template.htm on line 2
Goodrich Financial Services :sow Glen Iris VIC 3146

Latest Financial Planning News
Hot Issues
We wish all our clients a Merry Christmas,a Happy New Year and a restive holiday
A great overview of investing and good Holiday reading.
The final nail in the coffin for LRBAs?
Market Update – November 2014
Online financial tools your family and friends can use.
Overcoming our behavioural barriers to saving
Good financial planning finally has a value: 23% more in retirement
‘Unintended consequences’ threaten SMSF tax reform
Retirement income: every bit counts
ASFA continues to sound warnings on retirement savings
Market Update - October 2014
The little-known rule with huge implications for self-managed super funds
Grappling with the uncertainties of retirement
Change to ATO decision relevant to SMSF in-house assets
Taking a personal perspective on the global super challenge
Some terms defined - Super & Investment
The perils of market-timing and over-confidence
Market Update – 30th September 2014
Hardly a do-it-yourself job
Super insurance: wide coverage, limited understanding
ASIC eyes SMSF loan sign-off
Redesigning retirement incomes policy - from the ground up
Industry terms
Market Update - August 2014
Articles archive
Quarter 3 July - September 2014
Quarter 2 April - June 2014
Quarter 1 January - March 2014
Quarter 4 October - December 2013
Quarter 3 July - September 2013
Quarter 2 April - June 2013
Quarter 1 January - March 2013
Quarter 4 October - December 2012
Quarter 3 July - September 2012
Quarter 2 April - June 2012
Quarter 1 January - March 2012
Quarter 4 October - December 2011
Quarter 3 July - September 2011
Quarter 2 April - June 2011
Quarter 1 January - March 2011
Quarter 4 October - December 2010
Quarter 3 July - September 2010
Quarter 2 April - June 2010
Quarter 1 January - March 2010
Quarter 4 October - December 2009
Quarter 3 July - September 2009
Quarter 2 April - June 2009
Quarter 1 January - March 2009
Quarter 4 October - December 2008
Quarter 3 July - September 2008
Quarter 2 April - June 2008
Quarter 1 January - March 2008
Quarter 4 October - December 2007
Quarter 3 July - September 2007
Quarter 2 April - June 2007
Quarter 1 January - March 2007
A question for Baby Boomers


Older baby boomers are increasingly asking themselves a short yet often difficult-to-answer question: When should I retire? ........

The answer, of course, can depend on many factors including health, satisfaction or otherwise
with work, the availability of work, the size of a person's retirement savings,
and the outcome of discussions with spouses.

Interestingly, an article in The Wall Street Journal this month headed - "He Wants to
Retire...But She Doesn't" - suggests that many spouses do not agree about when
their partners should leave the workforce.

Journalist Kathleen Hughes quotes research by a US investment fund manager which found that 62 per cent of couples surveyed disagreed with the timing of their spouse's retirement.

The latest issue of an ABS report, Retirement and Retirement Intentions, Australia,
shows that the average age at retirement of those who retired over the past
five years was 61. (The average retirement age for men in this group was almost
63 compared to 60 for women.)

Not surprisingly, the ABS report shows that Australians are retiring at older ages
than in the past.

Of the 3.2 million retirees aged over 45 in 2010-11 when these ABS figures were collected, the average age of retirement was 53. And of the male retirees in this group: 27 per cent had retired at under 55; 53 per
cent between 55 and 64; and 20 per cent over 65.

The Wall Street Journal article and the ABS report on retirement are valuable reminders that we should carefully plan for retirement well ahead of any expected retirement date. And we should think of both the financial and social aspects of retirement - including, of course, the views of
our spouses.


By Robin Bowerman
Smart Investing
Principal & Head of Retail, Vanguard Investments Australia

11th April 2012


Warning: Unknown: open(/tmp/sess_a186306ae3c0eb4409f806e2667a2a8a, O_RDWR) failed: No space left on device (28) in Unknown on line 0

Warning: Unknown: Failed to write session data (files). Please verify that the current setting of session.save_path is correct (/tmp) in Unknown on line 0