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Spend your money before you die, Treasury urges retirees – The Australian Financial Review
By 2060, one in every three dollars paid out of the superannuation system will be an inheritance, instead of retirement income….
The Grattan Institutes economic policy program director Brendan Coates said most retirees could afford to spend substantially more than they do.
Many retirees seem reluctant to draw down on their capital, and instead live solely on the income their savings…
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