It's impossible to calculate exactly how much money each of us will end up with at our retirement age, because there are so many variables to consider. That comes down to investment returns over time, where we invest, and how much we invest.
The assets test is a key part of the assessment process used by the Department of Human Services to determine who is eligible to receive government pension payments and how much is paid to singles and couples.
It's often said that starting out early on one's investing journey will deliver good long-term results. But in light of recent volatility on investment markets, you may be thinking, is this the right time to start off?
Portfolio construction is always a popular topic among investors, but as markets become more volatile, the practice of carefully piecing together a jigsaw of investments that weathers both good times and bad is particularly relevant.
Ensuring you have an up-to-date and valid will is a central tenet of good financial planning, so it's a little surprising that almost half of Australians don't have one. But how many of those without a will know what actually happens to their investments after they pass away?