Dean Pearson, Head of Behavioural & Industry Economics, MLC Ill health, job loss and family reasons mean one in two Australians will retire earlier than they anticipated. This is a now a well-established trend in MLC’s Wealth Behaviour Survey. But many more are staying in the workforce longer than previous generations. That’s largely because pre-retirees, […]
This article originally appeared in The Australian There was a time, not so long ago, when retirees were happy to be called “retirees” or “seniors”. After all, these older Australians had worked hard, raised a family, paid their taxes, volunteered, done their bit and now it was time for them to enjoy a long, happy […]
Key points The trade war between the US and China has returned after talks to resolve their trade differences broke down. Our base case remains that a deal will be reached to resolve the issues, but the risks to global growth are now higher (given the escalation in tariffs from the US) and share markets […]
This article originally appeared in The Australian By 2029, the last baby-boomer (born 1946-63) will have reached retirement age (over 65). This doesn’t mean that all boomers will be retired. Of the 5.3 million people over 65, about 545,000 will still be working — that’s 10 per cent. The 65+ cohort will be bigger than […]
This article originally appeared in The Australian Google the term “over-55s” and up will pop the most confronting schedule of material that any baby-boomer could imagine. Apparently, the Over-55s is now a thing, a grab-bag, that encompasses everyone and everything that sweeps forth from the virtual end of the working life to, well, the great […]
Dean Pearson, Head of Behavioural & Industry Economics, MLC, part of the NAB Group. It was the Greek philosopher Heraclitus who noted that change is the only constant in life. And yet, more than 2500 years later, most of us still have an uneasy relationship with the concept. We know what we like and we […]
Key points Seasonal patterns typically see shares do well from around November to May and not so well from May to November. This partly reflects a combination of tax loss selling in the US, new year cheer and the pattern of capital raising through the year. While we see shares doing well this year, right […]
Key points Surprisingly low inflation in Australia has increased the pressure on the RBA to cut interest rates again. We continue to see the cash rate falling to 1% by year end and now see the first cut coming as soon as May. For investors, it’s going to remain a low interest rate environment for […]
Sinead Rafferty, Portfolio Specialist, MLC The severe falls in global share markets in late 2018, after almost a decade of strong market returns, led many investors to ask whether it was too risky to stay invested in the share market during their retirement. If they did stay invested, should they move to a strategy with […]
Redundancy unfortunately affects more and more Australians. With the right approach and professional advice, however, it could open up opportunities and work in your favour. Even though redundancies are often part of business, being told your role is redundant can throw your plans into disarray and leave you feeling blindsided. The key is not to […]