Ursula Boorman


November 29, 2017

Estate planning advice for SMSFs

An estimated 59,000 self-managed super funds (SMSFs) have unmet needs for advice on estate planning. Comprehensive surveys for the 2017 Vanguard/Investment Trends Self Managed Super Fund Reports found that estate planning is the area of the highest unmet need for advice. This equated to 10 per cent of SMSFs at the time of the surveys. Further, the research found that 10 per cent of SMSFs had concerns about the ability of other members to manage their super funds following the death or serious illness of the most dominant fund member. The recognition of tens of thousands of SMSF trustees that they need […]
November 16, 2017

Realism-v-reality – working part-time as retirees

Are you planning to boost your retirement income by doing some part-time work once you eventually retire? Perhaps you have included the expectation of some paid work in your calculations about how much you need to finance your retirement. If so, this leads to another question: How realistic is that expectation? A recent research paper, Retirement transitions in four countries, may help provide some answers. More than 5560 pre-retirees (who are planning to retire within 10 years) and recent retirees (who retired over the past 10 years) age 55-75 took part in the study covering Australia, the United States, United Kingdom and […]
November 8, 2017

How to develop a “dynamic” approach to retiree spending

As we recently discussed, the combination of historically-low yields, expected muted investment returns and growing life expectancies are making it particularly challenging for retirees to calculate how much to draw down from their retirement savings. A critical issue here is how much retirees can withdraw from their portfolios each year to finance their current spending and to generate future income for the rest of their lives, no matter how long. It’s challenging. Two traditional approaches are to draw down a set percentage each year of a portfolio’s value or to set a dollar amount to withdraw in the first year of […]