Retirement

Association of Superannuation Funds of Australia research reveals Aussies are struggling to seek advice on superannuation

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Association of Superannuation Funds of Australia research reveals Aussies are struggling to seek advice on superannuation

Many people struggle to keep on top of their personal finances, but one trend in particular could leave Australians “poorer” as they head towards old age. Research has shown almost half of Australians have never sought advice about retirement, according to the Association of Superannuation Funds of Australia (ASFA), with the trend “worrying” experts. WATCH … Read more

ATO urges Aussies to check for lost superannuation, reveals it is holding $17.8 billion in unclaimed funds

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ATO urges Aussies to check for lost superannuation, reveals it is holding .8 billion in unclaimed funds

Taxpayers have been urged to check for any lost or unclaimed superannuation, as the Australian Taxation Office (ATO) revealed it is holding $17.8 billion worth of unclaimed funds. The ATO also warned people who have already retired, that they too could be in for a retirement savings boost, with $471 million of that unclaimed super … Read more

Cyient to sell 14.5% stake in arm Cyient DLM via block deal on Wednesday

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Cyient to sell 14.5% stake in arm Cyient DLM via block deal on Wednesday

Cyient’s board of directors in a meeting held on Tuesday approved the company’s 14.50% stake sale in its subsidiary Cyient DLM Limited via block deal. The expected date for completion of the sale is August 21, a company filing said. The company is yet to announce the offer price. Cyient held 66.66% share in Cyient … Read more

NPS Vatsalya: What is NPS Vatsalya? How parents and guardians can invest for minors in this scheme?

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NPS Vatsalya: What is NPS Vatsalya? How parents and guardians can invest for minors in this scheme?

Hemant Rustagi, CEO, Wiseinvest, says that despite mutual funds and other options being there, some investors go for very conservative options for their children’s education thinking that this is one of the most important goals and they would not like to take any risk on that money. Maybe NPS Vatsalya will add one more option. … Read more

Some frontline workers could soon become eligible for early retirement – National

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Some frontline workers could soon become eligible for early retirement – National

By Staff The Canadian Press Posted June 13, 2024 12:13 pm 1 min read Descrease article font size Increase article font size The federal government is moving to expand early retirement eligibility for some kinds of front-line workers. Treasury Board President Anita Anand said on Thursday that the Liberals are planning to introduce legislation this … Read more

MF Query: How to invest Rs 20 lakh at age 65? Should one go for dividend plan or SWP?

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MF Query: How to invest Rs 20 lakh at age 65? Should one go for dividend plan or SWP?

Investing at the age of 65 requires a thoughtful approach to ensure financial stability and consistent returns. Swapan Giri, ET Mutual Funds reader, a senior citizen looking to invest Rs 20 lakh, sought expert advice on the best investment strategy for his situation. ET Mutual Funds spoke to Aditya Agarwala, Co-founder, Head of Research and … Read more

Retiring Kmart doorman honoured for bringing joy to East Maitland customers for 18 years

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Retiring Kmart doorman honoured for bringing joy to East Maitland customers for 18 years

A beloved Kmart doorman known for bringing joy to customers has been honoured by his local NSW community on his last day of work before retiring. Dozens waited outside the Stockland Green Hills store in East Maitland for Glenn* and then erupted into applause as he finished his last shift about midday on Friday, after … Read more

To build a corpus of Rs 5.3 crores in 30 years, one needs to invest Rs 17,000 per month

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To build a corpus of Rs 5.3 crores in 30 years, one needs to invest Rs 17,000 per month

Retirement is that golden phase of a person’s life where he or she doesn’t have to work for money. They have lesser responsibilities, more time and freedom. This phase of a person’s life can be a beautiful new adventure provided they are financially secured and ready for this transition. Let’s look at our preparedness for … Read more

Pension funds: Gilty, My Lord! Pension funds bond more with govt debt

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Pension funds: Gilty, My Lord! Pension funds bond more with govt debt

Mumbai: Pension funds, driven by the National Pension System (NPS), continue to deploy money in sovereign debt, with the sector’s ownership of government bonds climbing to a record 4.4%, or ₹4.67 lakh crore, in the last quarter of 2023, up from 3.91%, or ₹3.66 lakh crore, a year ago, as per latest Reserve Bank of … Read more