retirement Australian-style

Retirement Saving: Let’s Do It Like the Aussies

Posted on 06/10/2013 by |Money and Work | Comments

Bulletin Today | Money & Savings  Retiring in Australia appears to be much more pleasurable than in the United States — and it has nothing to do with gathering around the barbie and watching marsupials romp. Most workers who retire in the land Down Under apparently don’t have to worry so much about outliving their savings. That’s because about 90 percent of the workforce has a retirement savings account, and contributing to it is mandatory. Yep, you read that correctly. Most workers sock away at least …