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Self-Managed Superannuation in Retirement: a Personal History Through the Global Financial Crisis

Self-Managed Superannuation in Retirement: a Personal History Through the Global Financial Crisis PDF Author: Robert T. Gemmell
Publisher: Xlibris Corporation
ISBN: 1524515817
Category : Biography & Autobiography
Languages : en
Pages : 74

Book Description
This is a personal story and is in no way to be taken as financial advice. I have described the successes and failures that were experienced during the ten years from 2005 to 2016, a time when the financial markets plunged due to the global financial crisis (GFC) and the subsequent recovery. Investments were made in stocks, property trusts, mortgage funds, and fixed interest. With this approach, an annual income from dividends and franking, distributions, and fixed interest was maintained. Although the capital and income were reduced from 2008 through to 2016, they have increased annually. Long may it continue. Fortunately, the fund was started in 2005 and double-figure returns were received through 2006 to 2008. At this time, the investing game seemed easy. Everything changed with the GFC. The value of our shares decreased by 56 percent and the fund by 40 percent; it was a worrying time for everybody. In this book, the changes made to the portfolio to combat the fall in income and value of the fund are described. And although in 2016 the fund has not reached 2007 levels, it shows signs of recovery. This book does not outline a fail-safe method for running a self-managed superannuation fund. Do not believe anyone who professes to have one. However, the information provided hopefully will encourage other retirees who wish to set up their own self-managed superannuation funds. Inevitably, mistakes will be with made. Everybody will make the wrong choices at times and lose money. In the long run, one just has to pick more winners than losers.

Self-Managed Superannuation in Retirement: a Personal History Through the Global Financial Crisis

Self-Managed Superannuation in Retirement: a Personal History Through the Global Financial Crisis PDF Author: Robert T. Gemmell
Publisher: Xlibris Corporation
ISBN: 1524515817
Category : Biography & Autobiography
Languages : en
Pages : 74

Book Description
This is a personal story and is in no way to be taken as financial advice. I have described the successes and failures that were experienced during the ten years from 2005 to 2016, a time when the financial markets plunged due to the global financial crisis (GFC) and the subsequent recovery. Investments were made in stocks, property trusts, mortgage funds, and fixed interest. With this approach, an annual income from dividends and franking, distributions, and fixed interest was maintained. Although the capital and income were reduced from 2008 through to 2016, they have increased annually. Long may it continue. Fortunately, the fund was started in 2005 and double-figure returns were received through 2006 to 2008. At this time, the investing game seemed easy. Everything changed with the GFC. The value of our shares decreased by 56 percent and the fund by 40 percent; it was a worrying time for everybody. In this book, the changes made to the portfolio to combat the fall in income and value of the fund are described. And although in 2016 the fund has not reached 2007 levels, it shows signs of recovery. This book does not outline a fail-safe method for running a self-managed superannuation fund. Do not believe anyone who professes to have one. However, the information provided hopefully will encourage other retirees who wish to set up their own self-managed superannuation funds. Inevitably, mistakes will be with made. Everybody will make the wrong choices at times and lose money. In the long run, one just has to pick more winners than losers.

Reshaping Retirement Security

Reshaping Retirement Security PDF Author: Raimond Maurer
Publisher: Oxford University Press
ISBN: 0191636304
Category : Business & Economics
Languages : en
Pages :

Book Description
The worldwide financial crisis has wrought deep changes in capital and labor markets, old-age retirement systems, and household retirement and consumption patterns. Confidence has been shaken in both the traditional defined benefit and defined contribution plans. Around the world, plan sponsors, fiduciaries, policymakers, and households have gained a new awareness of retirement risk. When pressed to reform post-crisis, many would recommend enhancing financial advice for plan participants, emphasizing flexibility and the positive effect of working another one or two years to make up for investment losses in the downturn. Adding to this is the continuing need for financial education, essential as the retirement system moves increasingly toward personal account pensions. Perhaps most important of all is the need for greater understanding of risk throughout the retirement security system, along with new approaches to re-engineering retirement pensions. This volume explores the lessons to be learnt for retirement planning and long-term financial security in view of the massive shocks to stock markets, labour markets, and pension plans resulting from the financial crisis. It aims to rethink retirement in the new economic era, including the resilience of defined contribution plans and how defined benefit plans reacted to the financial crisis.

Keep it Super Simple

Keep it Super Simple PDF Author: Barbara Smith
Publisher:
ISBN: 9781925280746
Category : Pension trusts
Languages : en
Pages :

Book Description
Would you like to control your financial destiny?Think you could do a better job with your retirement savings than your super fund?Anything is possible if you Keep It Super Simple (KISS). The KISS approach to creating wealth through your Self Managed Superannuation Fund (SMSF) will explain how to take control and KISS your big superannuation fund goodbye. Most Australians understand that their superannuation provides money when they retire, but not many take the time to look at the various alternatives available to build more wealth in a most tax-effective way along the way. Authors and supera.

When Breath Becomes Air

When Breath Becomes Air PDF Author: Paul Kalanithi
Publisher: Random House
ISBN: 0812988418
Category : Biography & Autobiography
Languages : en
Pages : 258

Book Description
#1 NEW YORK TIMES BESTSELLER • PULITZER PRIZE FINALIST • This inspiring, exquisitely observed memoir finds hope and beauty in the face of insurmountable odds as an idealistic young neurosurgeon attempts to answer the question What makes a life worth living? NAMED ONE OF PASTE’S BEST MEMOIRS OF THE DECADE • NAMED ONE OF THE BEST BOOKS OF THE YEAR BY The New York Times Book Review • People • NPR • The Washington Post • Slate • Harper’s Bazaar • Time Out New York • Publishers Weekly • BookPage Finalist for the PEN Center USA Literary Award in Creative Nonfiction and the Books for a Better Life Award in Inspirational Memoir At the age of thirty-six, on the verge of completing a decade’s worth of training as a neurosurgeon, Paul Kalanithi was diagnosed with stage IV lung cancer. One day he was a doctor treating the dying, and the next he was a patient struggling to live. And just like that, the future he and his wife had imagined evaporated. When Breath Becomes Air chronicles Kalanithi’s transformation from a naïve medical student “possessed,” as he wrote, “by the question of what, given that all organisms die, makes a virtuous and meaningful life” into a neurosurgeon at Stanford working in the brain, the most critical place for human identity, and finally into a patient and new father confronting his own mortality. What makes life worth living in the face of death? What do you do when the future, no longer a ladder toward your goals in life, flattens out into a perpetual present? What does it mean to have a child, to nurture a new life as another fades away? These are some of the questions Kalanithi wrestles with in this profoundly moving, exquisitely observed memoir. Paul Kalanithi died in March 2015, while working on this book, yet his words live on as a guide and a gift to us all. “I began to realize that coming face to face with my own mortality, in a sense, had changed nothing and everything,” he wrote. “Seven words from Samuel Beckett began to repeat in my head: ‘I can’t go on. I’ll go on.’” When Breath Becomes Air is an unforgettable, life-affirming reflection on the challenge of facing death and on the relationship between doctor and patient, from a brilliant writer who became both.

Retirement Stepping Stones

Retirement Stepping Stones PDF Author: Tony Hixon
Publisher: Greenleaf Book Group
ISBN: 1632994046
Category : Self-Help
Languages : en
Pages : 186

Book Description
Continue a life of meaning beyond retirement In 2002, with his business partner, Adam Zuercher, Tony Hixon launched Hixon Zuercher Capital Management—a fee-only wealth management firm. Tony wanted to help clients ensure that they wouldn’t outlive their money—and possibly even have enough saved to accomplish their bucket-list goals. However, after several years of running a numbers-first business and serving his clients well in their financial lives, a family crisis changed his thinking. Tony’s mother retired from her job as the director of a hospice agency, and she quickly fell into a deep depression as she lost her purpose and fulfillment derived from a lifelong career she had been passionate about. On March 22, 2011, Tony’s mother tragically took her own life. After this life-changing tragedy, Tony made it his goal to help pre-retirees not repeat the mistakes his mom made as she transitioned from her career into retirement. You need a plan for both your finances and your lifestyle. Retirement Stepping Stones will help ensure that your retirement brings you pleasure, serenity of mind, and the enjoyment of a life well-lived. That your transition is from success to significance. That you find a newfound hope and a newfound purpose. That retirement brings you your best years.

Model Rules of Professional Conduct

Model Rules of Professional Conduct PDF Author: American Bar Association. House of Delegates
Publisher: American Bar Association
ISBN: 9781590318737
Category : Law
Languages : en
Pages : 216

Book Description
The Model Rules of Professional Conduct provides an up-to-date resource for information on legal ethics. Federal, state and local courts in all jurisdictions look to the Rules for guidance in solving lawyer malpractice cases, disciplinary actions, disqualification issues, sanctions questions and much more. In this volume, black-letter Rules of Professional Conduct are followed by numbered Comments that explain each Rule's purpose and provide suggestions for its practical application. The Rules will help you identify proper conduct in a variety of given situations, review those instances where discretionary action is possible, and define the nature of the relationship between you and your clients, colleagues and the courts.

All the Devils Are Here

All the Devils Are Here PDF Author: Bethany McLean
Publisher: Penguin
ISBN: 1101551054
Category : Business & Economics
Languages : en
Pages : 503

Book Description
Hailed as "the best business book of 2010" (Huffington Post), this New York Times bestseller about the 2008 financial crisis brings the devastation of the Great Recession to life. As soon as the financial crisis erupted, the finger-pointing began. Should the blame fall on Wall Street, Main Street, or Pennsylvania Avenue? On greedy traders, misguided regulators, sleazy subprime companies, cowardly legislators, or clueless home buyers? According to Bethany McLean and Joe Nocera, two of America's most acclaimed business journalists, many devils helped bring hell to the economy. All the Devils Are Here goes back several decades to weave the hidden history of the financial crisis in a way no previous book has done. It explores the motivations of everyone from famous CEOs, cabinet secretaries, and politicians to anonymous lenders, borrowers, analysts, and Wall Street traders. It delves into the powerful American mythology of homeownership. And it proves that the crisis ultimately wasn't about finance at all; it was about human nature. Just as McLean's The Smartest Guys in the Room was hailed as the best Enron book on a crowded shelf, so will All the Devils Are Here be remembered for finally making sense of the financial meltdown and its consequences.

Global Waves of Debt

Global Waves of Debt PDF Author: M. Ayhan Kose
Publisher: World Bank Publications
ISBN: 1464815453
Category : Business & Economics
Languages : en
Pages : 403

Book Description
The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.

The Federal Reserve System Purposes and Functions

The Federal Reserve System Purposes and Functions PDF Author: Board of Governors of the Federal Reserve System
Publisher:
ISBN: 9780894991967
Category : Banks and Banking
Languages : en
Pages : 0

Book Description
Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.

Get a Financial Life

Get a Financial Life PDF Author: Beth Kobliner
Publisher: Simon and Schuster
ISBN: 0684872617
Category : Finance, Personal
Languages : en
Pages : 340

Book Description
Provides financial advice that speaks the language and answers the questions of the generation just starting out on the road to financial responsibility.