I’m used to ignoring useless financial advice from the government. But urging retirees to spend up all their super seems particularly unhelpful According to research from Australia’s national science agency,the CSIRO, many of us are dying with impressive superannuation accounts thanks to frugally living out our retirement years. The research suggests that far from enjoying endless river cruises, and wine subscriptions and tickets to A Day on the Green,senior citizens are instead withdrawing the minimum from their super accounts each month, or close to.
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Source: theguardian.com