I’m going to stick my neck out just a bit and say that: “Retirees have got a raw deal over the last couple of decades”.
Nothing new there you might say. But, what I am referring to is the advice that has been available to retirees when it comes to investing their superannuation to produce an income stream.
And, no, this is not another diatribe against financial advisers, as the problem lies much deeper.
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