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This updated edition of Retirement Made Simple includes the major superannuation and pension changes that took effect in July 2023 and this book will be your guide for the rest of your life. In the simple style for which Noel is renowned, the book covers all the above topics and many more. It will become your indispensable guide on what we hope will be a happy, healthy and prosperous retirement.
The fastest growing demographic in Australia are retirees, with the number of people over 75 expected to double within 10 years. Retirement is often touted as a worry-free time – but it's also a time full of unique challenges.
First is the money issue – will there be enough money for a successful retirement, and what assets should you invest in. The rules regarding the age pension are continually changing – what do you need to do to maximise it. Next is superannuation, an ever-changing landscape where the performance of your fund depends on the assets you choose. A major issue is estate planning – what is the best way to handle the disposal of your assets in a tax effective way, and avoid the 17% death tax on the taxable component of your superannuation. Rising life expectancies mean the possibility of new relationships between retirement and death, but it also means one partner may suffer from dementia with all that entails. Of course, there's also the possibility of home care, and friction between siblings. Another major issue is whether you stay in the family home or downsize to another property, or even go to a retirement community.
These are just a few of the major issues covered in Retirement Made Simple – by acclaimed financial expert Noel Whittaker, who has been writing about these issues for more than 35 years
Author: Noel Whittaker
Paperback Published 30 August 2023 432 pages
“Another gem from Australia's most trusted personal finance author. An excellent, no-nonsense guide to taking control of your future” - Stephen Miles, Investment Editor, Sydney Morning Herald, The Age
“Noel's greatest gift is his ability to explain complex matters in everyday terms” - Des Houghton, former editor, Sunday Mail
“This book fills a big gap - seniors need all the financial literacy they can get, and now more than ever” - Ian Henschke, National Seniors Australia
“Noel Whittaker has a rare ability to translate complex matters into plain English. This book is a must read for anybody who is retired or planning for it.” - Anthony Deceglie, Editor, Sunday Times