Spend forty years building a nest egg and suddenly everyone's got a plan for it. Fake bond salesmen. Your own kids. Buyer's agents with a deadline. This week we ask the obvious question: when did "looking after your money" become a competitive sport?
This week brought fresh questions about health insurance, aged care fees, retirement confidence and scams. Getting older was supposed to mean fewer surprises, but they keep coming.
Everyone wants a slice of your retirement. You spend forty or fifty years building a nest egg and suddenly scammers, banks, super funds and avaricious advisers all want a bite. If you don’t believe me, read what unfolded this week.
Supermarkets are being forced to toe the line, Scammers add new meaning to “fake news” with a dangerously convincing online rort and retirees raid their super to pay for dental treatment.
Cost of living pressures are forcing retirees to live overseas , super funds are still delaying payments to grieving families, and one 70-year-old with a metal knee is doing things most 30-year-olds wouldn't contemplate.
Australia's oldest woman turns 112, specialists charge fees that would make a loan shark blush, scammers work overtime and economists have finally calculated the price of happiness. Spoiler alert: most of us can't afford it.
