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Hi,
As I am a soon to be a retired SMSF owner who will be living off interest on investments, could you please address this issue – particularly bank term deposit interest (approx 2.69%)?
Could you also discuss income from shares especially in the light of the TLS dividend reduction and the threat to CBA dividends going forward, and also the losses incurred recently in these two shares and how much they could potentially drop further?
What other avenues are open to retirees to prop up dwindling fixed incomes?
Many Thanks
A: Thanks for the question.
Notwithstanding the cut to Telstra’s dividends, most companies reported higher dividends at their results in August. On an aggregate basis, the Australian sharemarket is yielding a touch over 4.5%.
If you are looking for income outside the sharemarket (excluding bank/term deposits), then consider:
Obviously, these investments are higher risk than bank term deposits. With the potential for higher return comes the prospect of higher risk.
Hope this helps
