Superannuation is complicated. A guaranteed government income in retirement would be simpler

Sun, 2 Feb 2025 06:13:52 +1100

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://theconversation.com/superannuation-is-complicated-a-guaranteed-government-income-in-retirement-would-be-simpler-247383>

"Having compulsory super should help create a comfortable and stress-free
retirement. But Australia’s super system is too complex for retirees to
navigate.

This can leave them stressed and lacking the confidence to spend their super
savings.

Our latest report, Simpler super: taking the stress out of retirement,
recommends the federal government offer all Australians a lifetime annuity - a
financial product that pays a guaranteed income for the rest of their lives.

This would help retirees stress less, spend more, and enjoy their retirement
years."

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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