In June 2008, the Financial Planning Association issued an "example" financial plan. The hypothetical clients are John and Joan, a married couple. The plan would reduce the couple's tax bill from $38,000 to $22,941 per annum, a good outcome. More questionable is a recommendation that the...

type="main" xml:id="ecpa12070-abs-0001" <p>The retirement risk zone represents a fragile period in the financial life cycle of people in defined-contributions superannuation. It primarily affects people of middle means. Sequencing risk has been described as an independent risk, but it has largely...</p>