Saving for Retirement

Undoubtedly you would have heard the fears of governments around the world recently as the baby boomer generation nears retirement age. Federal pension and medicare funds both in Australia and overseas are strapped for cash, and simply will not be able to offer the level of support that they did in the past, unless taxes are raised to compensate.

Since neither our politicians or citizens want tax hikes, we must now take responsibility for securing our own futures through investment. The most crucial of these long-term retirment funds is superannuation. Superannuation funds can vary widely in terms of risk and return, though, and must be considered as carefully as any investment decision.

Related Links

• ASFA - The Association of Superannuation Funds of Australia Ltd.
• Superannuation Rates 2000/2001 - Find out the latest permissable tax-deductible contibutions and reasonable benefit limits imposed by the government.