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Next year’s major money trap

A trendy piece of advice could leave investors severely worse off in 2017 | WATCH

James KirbyJames Kirby
less than 2 min read
3:13PMDecember 16, 2016

I’m worried. Recent changes to Australia’s retirement system have created the illusion of shortcuts to a more generous pension.

But these new tactics place a lot of trust in the same public servants that created the messy system we see today. This is the major trap I hope you avoid in the new year.

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James Kirby
James KirbyAssociate Editor - Wealth

James Kirby, Associate Editor-Wealth, is one of Australia’s most experienced financial journalists. James hosts The Australian’s twice-weekly Money Puzzle podcast.He is a regular commentator on radio and television, the author of several business biographies and has served on the Walkley Awards Advisory BoardHe was a co-founder and managing editor at Business Spectator and Eureka Report and has previously worked at the Australian Financial Review and the South China Morning Post. Since January 2025 James is a director of Ecstra, the financial literacy foundation.

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Original URL: https://www.theaustralian.com.au/business/next-years-major-money-trap/news-story/f0773e9e94b20b733aba1584bf4d6e09