{"id":13156,"date":"2011-11-09T08:37:23","date_gmt":"2011-11-08T22:37:23","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=13156"},"modified":"2021-04-15T10:20:05","modified_gmt":"2021-04-15T00:20:05","slug":"new-retirement-planning-tools-for-consumers","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2011\/11\/09\/new-retirement-planning-tools-for-consumers\/","title":{"rendered":"New Retirement Planning Tools for Consumers"},"content":{"rendered":"<p>Consumers planning their retirement now have two new tools to help them make informed decisions, thanks to the Australian Securities and Investments Commission (ASIC).<\/p>\n<p><!--more-->The new MoneySmart tools, a retirement guide and online calculator, were launched at a meeting of the Australian Government Financial Literacy Board.<\/p>\n<p>ASIC says the tools clearly explain the financial choices available to people at retirement and the pros and cons of each retirement income option.<\/p>\n<p>The guide covers topics including:<\/p>\n<ul>\n<li>When Australians can access their super<\/li>\n<li>How they can use their super when moving to part-time work<\/li>\n<li>The benefits and drawbacks of withdrawing super as a lump sum or income stream<\/li>\n<li>How low-tax retirement income streams work<\/li>\n<li>Risky or more complex investment strategies to think twice about<\/li>\n<\/ul>\n<p>The calculator is an upgraded version of the MoneySmart Retirement Planner, which shows people how to boost their retirement savings.<\/p>\n<p>Parliamentary Secretary to the Treasurer, <strong>David Bradbury<\/strong>, said these new tools would help to improve awareness of the need to plan early for retirement.<\/p>\n<p>&#8220;People often put off planning for their retirement, but the earlier you start, the better off you will be,&#8221; said Mr Bradbury.<\/p>\n<p>&#8220;These new MoneySmart resources will help people to take those important first steps.\u00a0 Estimating how much superannuation you will have in 20 or 30 years&#8217; time gives you the chance to do things that will boost those savings now.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Consumers planning their retirement now have two new tools to help them make informed decisions, thanks to the Australian Securities and Investments Commission (ASIC).<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-13156","post","type-post","status-publish","format-standard","category-services"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/13156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=13156"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/13156\/revisions"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=13156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=13156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=13156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}