Prepare for possible long-term care needs

Whether that means round-the-clock supervision or a caregiver dropping by your home to help you with personal care and other tasks, it pays to prepare financially well before you retire. "Not enough people have some plan in place," said Jamie Hopkins, associate director of the retirement income program at The American College.

  • NZX milk powder futures point to 5th successive decline … BusinessDesk - 16 minutes ago

    The current May whole milk powder futures contract last traded at US$2,280 a tonne on the NZX, a discount to the US$2,380/t winning price at the last GDT on April 15, suggesting the price will decline at tonight's auction. The June WMP futures contract slipped US$30/t to US$2,300/t in morning trading on the NZX, a discount to the US$2,400/t winning price at the last GDT. The July futures fell US$10/t to US$2,420/t, a discount to the US$2,435/t at the last GDT, while the August futures dropped US$15/t to $2,430/t, a discount to the US$2,445/t at the last GDT. The September futures slipped US$20/t to US$2,540/t, and are still priced at premium to the $2,495/t at the last GDT.

  • Nufarm appoints new CEO AAP - 22 minutes ago

    Nufarm has promoted chief operating officer Greg Hunt to the agribusiness' top job. Mr Hunt had been serving as acting chief executive since February when Nufarm's veteran boss Doug Rathbone stepped down after four decades with the crop spray maker and seeds supplier. Chairman Donald McGauchie said Mr Hunt was chosen for the job after a global search and had demonstrated strong leadership in driving Nufarm's drive to improve performance and slash costs by $100 million. Mr Hunt said the changes being introduced at Nufarm would build on the company's foundations.

  • The right budget for the times: Hockey AAP - 26 minutes ago
    The right budget for the times: Hockey

    During an awkward picture opportunity, Prime Minister Tony Abbott and Treasurer Joe Hockey hammed it up for the cameras on Tuesday as they "discussed" next week's budget. Surrounded by files and a laptop in the prime minister's Parliament House office, Mr Hockey, with sleeves rolled up, gave an outline of the budget to his boss. "We have still got work to do, obviously," Mr Hockey said after explaining the impact of China on the Australian economy and referencing the latest intergenerational report. Mr Abbott nodded appreciatively.

  • Flight Centre buying Mexican travel group AAP - 33 minutes ago
    Flight Centre buying Mexican travel group

    Flight Centre is increasing its North American presence by buying a corporate travel management business in Mexico. The Australian travel agency has signed a non-binding agreement to acquire Koch Overseas ...

  • US drives Ardent's earnings higher AAP - 39 minutes ago

    Ardent Leisure has lifted third quarter revenues by 17 per cent, with strong performances by its US family entertainment division offsetting weakness at its local gyms. Ardent's group revenues rose to $444.9 million in the March quarter, with earnings up 11 per cent at $101.6 million. The result was largely driven by another solid performance by its Main Event family entertainment division, which increased revenues by 58.3 per cent and like-for-like earnings 10 per cent. Like-for-like revenues dropped 4.9 per cent while earnings fell 6.4 per cent amid a rise in competition from rival health clubs.

  • Trade balance in deficit in March AAP - 41 minutes ago

    Australia's trade balance has stayed in the red with a deficit of $1.32 billion in March, following a deficit in February of $1.61 billion. Exports fell two per cent, while imports were down two per cent, the Australian Bureau of Statistics said on Tuesday.

  • Aust shares rise on strong ANZ result AAP - 1 hour 13 minutes ago

    The share market has opened more than one per cent higher after ANZ's stronger than expected earnings sparked a rally among the big bank stocks. ANZ's first half cash profit rose five per cent to $3.7 billion, beating analysts' expectations of a four per cent rise. The strong result comes a day after Westpac disappointed the market with flat earnings growth which triggered a sell-off among the bank stocks. ANZ's solid performance has reversed those losses and allayed concerns about slowing profit growth in the financial sector, CMC Markets chief market strategist Michael McCarthy said.

  • Japan Post moves closer to Toll takeover AAP - 1 hour 14 minutes ago
    Japan Post moves closer to Toll takeover

    Japan Post is a step closer to its $6.5 billion takeover of Australian logistics company Toll Holdings after the New Zealand Overseas Investment Office raised no objections to the deal. "We have now ...

  • ANZ's $3.7b profit beats expectations AAP - 1 hour 41 minutes ago
    ANZ's $3.7b profit beats expectations

    ANZ shares have climbed three per cent after it has posted a better than expected $3.7 billion half year profit. It also increased its interim dividend three cents to 86 cents. Investors welcomed the result, sending ANZ shares up $1.05, or more than three per cent, to $34.30 at the start of trade on Tuesday. He said ANZ would continue to invest in both its Australian and Asian operations and was willing to accept a short term increase in costs as it looks to boost future returns.

  • Greens airport plan 'fantasy': Labor AAP - 1 hour 56 minutes ago
    Greens airport plan 'fantasy': Labor

    Labor has taken a swipe at the Greens, describing as "fantasy" their policy of closing Sydney's existing airport and opposing a planned second facility at Badgerys Creek. Opposition infrastructure spokesman Anthony Albanese believes the minor party's desire to locate a new airport outside the Sydney Basin and have it connected by high-speed rail has no place in the world of serious policy debate. "It's the stuff of fantasy," Mr Albanese wrote in The Australian on Tuesday, adding the Greens plan would leave Sydney as the only global city without an airport.

  • Aust shares open 1% higher AAP - 1 hour 57 minutes ago

    The Australian share market is higher, following gains on Wall Street overnight. At 1015 AEST on Tuesday, the benchmark S&P/ASX200 index was up 62.5 points, or 1.07 per cent, at 5,890.0, while the broader ...

  • Confidence drops ahead of federal budget AAP - 2 hours 37 minutes ago
    Confidence drops ahead of federal budget

    Consumer confidence fell last week largely due to concerns about next week's federal budget and the state of the government's finances. Confidence was down 2.8 per cent, completely reversing the previous week's 2.8 jump, ANZ/Roy Morgan's consumer confidence barometer found. Despite the drop off, ANZ chief economist Warren Hogan on Tuesday said consumers seemed less worried about this year's federal budget than they did in the lead up to the 2014 budget.

  • Services sector activity falls in April AAP - 2 hours 37 minutes ago

    Services sector activity fell in April after two months of moderate expansion, weighed down by weak spending and subdued business confidence and investment. The Australian Industry Group's Performance ...

  • One in four renters use half their pay AAP - 3 hours ago

    Since the end of 2010, rental prices have surged at nearly twice the pace of average hourly wages, according to data from the real estate firm Zillow and the Labor Department. "It means making really difficult trade-offs," said Angela Boyd, a vice president at Enterprise Community Partners.

  • Look at retirement system overall: seniors AAP - 3 hours ago

    Ongoing debate about superannuation and other policies affecting people's retirement income is creating confusion and doubt, seniors advocates say. They say what's really needed is a comprehensive review of Australia's retirement income system, rather than the continuing piecemeal approach debating changes to taxation, superannuation and the age pension. National Seniors Australia chief executive Michael O'Neill says constant talk about change has fed into a maelstrom of confusion and doubt. The over-50s lobby group and seniors advocate COTA Australia have been arguing for an independent retirement incomes review, led by a panel of experts and involving key stakeholders in the process.

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