8th Jul 2018

Retirement Affordability Index June 2018

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Retirement Affordability Index June 2018

We’re living longer and as YourLifeChoices members are well aware, there’s good and not so good involved in that – extra years to enjoy, extra years to fund. The Government has visions of us working until 70 and is feeling the pressure of escalating health-care costs – as are you.

In this June edition of YourLifeChoices’ Retirement Affordability Index, The Longevity Issue, we explore the challenges – for government budgets, for support services, for your planning. The content is extensive – and revealing.

• We analyse the Federal Government policy to continue to push the Age Pension age out to 70 and ask thought leaders for their views on whether this policy is fair.
• ACOSS senior adviser Peter Davidson explains why affordable health and aged care is a critical component of a secure and dignified retirement.
• The Australia Institute senior economist Matt Grudnoff examines the health-care burden on retirees and how rising costs are hurting one retirement tribe in particular.
• Aged Care Steps director Louise Biti details why aged-care costs must be a critical part of your financial planning.
YourLifeChoices members Des, David, Catherine, Patricia and Cesar share their hopes and fears about living longer.
• We detail the components of the Government’s More Choices for a Longer Life package in Federal Budget 2018, with a particular focus on one – Comprehensive Income Products for Retirement (CIPR).
• Plus, we present the weekly, monthly and annual costs in key categories of expenditure across our six retirement tribes for the March quarter and a budget planner for you to keep track of your own household costs.
• And, finally, we review the latest government changes that may have a big effect on your retirement income.

So here it is, the June Retirement Affordability Index™ ready for you in ebook format and to download in PDF format. Or for a refresher on the best way to access it, follow Drew's instructions.


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COMMENTS

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Kathleen
9th Jul 2018
8:47pm
Thank you for this yet again. It is always welcome and helpful. We have always made a budget and it is reassuring to know that one stays viable even though expenses continue to rise. People have different expenses and we don’t drink regularly or smoke at all. The latter is especially expensive. We also don’t dine at restaurants. A big pot of chicken soup with heaps of veggies and pearl barley and herbs is inexpensive and great in this very cold winter where we are.


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