CPSA has produced a brand new booklet in response to retirees with investments despairing about their capital not earning enough investment income for them to have a reasonable standard of living.
The title of the booklet is the same as the headline for this story.
Everybody wants to be financially secure now.
This goes without saying.
But the thing is that many people try to avoid doing what they must do if they are to be financially secure now.
For many it is an unassailable truth that capital must not be touched.
Capital is there to generate income.
The new CPSA booklet Would you rather be financially secure now or when you’re dead? makes the point that few of us are rich enough not to touch our capital.
But there are different ways of using up your capital.
You definitely don’t want to use up all your capital long before you die.
CPSA’s new booklet tells you how you can go about achieving financial security while you’re still alive.
After all, there’s no point in being financially secure when you’re dead.
The new booklet is available online, or by ringing 1800 451 488 or sending an email to cpsa@cpsa.org.au for one to be posted to you.
