When Brett Clements got his first job at 15, he dreamed that, if he worked hard, he would be able to enjoy the fruits of his labour and retire at 40, but it wasn't to be. Key points: The Superannuation Association of Australia estimates a single person needs $545,000 to retire comfortably One million people who withdrew some of their …
Even before last week's market conflagration, the scene was looking ugly. After last week's gravity pull from rising interest rates, the rout on global stock markets has turned that bleak prospect into a painful reality. While Wall Street has been grinding lower since January, higher commodity prices — courtesy of Vladimir Putin's war on Ukraine — have kept financial markets …
At age 66, Suad Hirmiz found herself on the hunt for a new house to rent. While she is thankful for so much local support and what she can access in Australia, Ms Hirmiz admits as prices rise "it's very hard" and she is worried about the future. "He doesn't put money aside for super because the money he earns …