The Next Stage
The Venture Magazine|September 2019
Retirement planning in 10 steps.
Damien Martin
The Next Stage

Over the past few decades, Australia has built up its retirement planning system to be one of the best in the world. It ranked fourth in the 2018 Melbourne Mercer Global Pension Index, behind the Netherlands, Denmark, and Finland, with Sweden rounding out the top five. The key, says Dr David Knox, author of the study and Mercer Australia senior partner, is ensuring the next wave of pensioners can live comfortably but leaving enough for subsequent generations. “It’s a challenge that policymakers are grappling with,” Knox said. “For example, a system providing very generous benefits in the short-term is unlikely to be sustainable, whereas a system that is sustainable over many years could be providing very modest benefits. The question is — what’s an appropriate trade-off?” The biggest change came in 1983 when the federal government and labour unions collaborated to create the Super — superannuation funds — Knox told Forbes. Before then, he said, fewer than half of Australians had adequate pension plan coverage. Whether you’re a couple years or a couple decades away, everyone should have a retirement plan. Here are some things you’ll need to consider:

1 What is your idea of retirement?

Not everyone is cut from the same cloth. For some, a retirement plan might need to include all the vacations they never took because they were working too hard. Others might want to step back from working full-time but not give up the sense of purpose that comes from having a job to do. Some might want to relax, live a simpler life, and let their savings carry them through. In order to be happy in retirement you’ll need to do some self-examination and decide what you really want out of your golden years. Which leads us to the next step.

2 Create a Budget

Denne historien er fra September 2019-utgaven av The Venture Magazine.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra September 2019-utgaven av The Venture Magazine.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA THE VENTURE MAGAZINESe alt
How To Clean Up - Sanitary Franchises To Invest In
The Venture Magazine

How To Clean Up - Sanitary Franchises To Invest In

It’s a tangible part of this new world we’ve entered after emerging from lockdown. You can smell it in corridors and in shops, and it’s a selling point for hotels reopening. Cleanliness is godliness now, and there is a high demand for sanitary services for the foreseeable future. That makes a cleaning franchise a promising business opportunity. These companies offer it.

time-read
2 mins  |
July 2020
Outsourcing: The Next Generation
The Venture Magazine

Outsourcing: The Next Generation

Cloudstaff is helping businesses meet their staffing needs with ease, speed, and wallet friendliness

time-read
5 mins  |
July 2020
SOFT OPENING - CONSUMER CONFIDENCE A KEY FACTOR IN RECOVERY
The Venture Magazine

SOFT OPENING - CONSUMER CONFIDENCE A KEY FACTOR IN RECOVERY

As states and territories reopened their economies in various phases throughout May and June, it became clear that simply being open is not enough to get firing on all cylinders again. First, there are safety regulations limiting how many patrons a business can serve at a time. Just as important is consumer confidence. If shoppers don’t feel safe visiting a business, they’re not going to, and there’s no forcing them. Some services requiring intimate personal contact have an even harder time with this. Just because someone can get a massage doesn’t mean they’re comfortable with it.

time-read
3 mins  |
July 2020
The PERFECT PAIRING
The Venture Magazine

The PERFECT PAIRING

YOUNGSTER.CO MATCHES TEENS WITH ELDERS TO EXCHANGE TECH KNOW-HOW AND TIMELESS WISDOM

time-read
5 mins  |
July 2020
THE PRICE OF NEWS
The Venture Magazine

THE PRICE OF NEWS

Australia aims to make tech giants pay remuneration to traditional media

time-read
5 mins  |
July 2020
NO CLEAR PATH
The Venture Magazine

NO CLEAR PATH

RELATIONS WITH CHINA HAVE DETERIORATED, BUT THEY CAN’T REALLY BE ABANDONED

time-read
4 mins  |
July 2020
ON THE RESTART
The Venture Magazine

ON THE RESTART

Technology road map lays out vision of energy future for recovery and beyond

time-read
3 mins  |
July 2020
COMING OUT OF OUR CAVES - LIFE IN PUBLIC AS RESTRICTIONS EASE
The Venture Magazine

COMING OUT OF OUR CAVES - LIFE IN PUBLIC AS RESTRICTIONS EASE

The pubs reopened to great rejoicing and some free beer as coronavirus restrictions eased across Australia, although unfortunately, it was too late for millions of litres of suds that had to be tipped down the drain. It was strange to be out, but it felt good once you got used to it. Rules vary by state and territory, but over the past several weeks, Aussies have been able to dine out, go to holiday homes, and gather in small groups once more. Lockdown isn’t lockdown anymore, but that doesn’t mean “normal” is back. Here’s where things stand.

time-read
2 mins  |
July 2020
The Venture Magazine

IN THE SHADE OF A TRILLION TREES

What reforestation means for Australians

time-read
3 mins  |
March 2020
The Venture Magazine

RISKY BUSINESS

IT’S HALF-PAST TIME TO KILL YOUR ORGANISATION'S OUTDATED RISK MANAGEMENT AND ASSESSMENT TOOLS. 6CLICKS IS HERE TO HELP.

time-read
8 mins  |
March 2020