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More time at home means many Australians now have the opportunity to re-assess their lifestyle and spending habits and set some serious saving goals. So how can you actually go about it?

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In this episode of The nestegg Podcast, host Grace Ormsby is joined by Melbourne-based Reventon’s Billie Christofi to talk all things finance and the impact of isolation on our hip pockets.

In stage 4 lockdown, Billie shares the importance of going back to basics when it comes to budgeting, methods to re-assess spending habits, and some of the less conventional ways people can boost their wealth at this time.

Thanks Billie, for sharing your insights with the nestegg podcast team!

Have an investment story to share? Get in touch at [email protected] and you might get featured on an upcoming episode!

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Retirement

Checkmate: Elite chess players live 14 years longer

By Lucy Dean

May 29 2018
Share

Retirement

Checkmate: Elite chess players live 14 years longer

By Lucy Dean
May 29 2018

Forget the kombucha, take up chess!

Checkmate: Elite chess players live 14 years longer

By Lucy Dean

May 29 2018
Share

Forget the kombucha, take up chess!

In news sure to thrill chess players around the world, a new study has revealed elite chess players tend to live up to 14 years longer than the general population.

The research from the ARC Centre of Excellence in Population Ageing Research (CEPAR) compared the life expectancy of the general population with elite players and Olympic athletes.

The research, which compared the survival rates of 1,208 chess players around the world with the general population, found top chess players can outlive their non-elite chess-playing peers by up to 14 years.

“What sparked our interest in this topic have been media reports that the stress of the chess game can increase mortality. For example, the death of two players at a major chess tournament in Norway in 2014 was interpreted as being due to stress of the game,” said Professor Philip Clarke, CEPAR chief investigator.

“We thought that the relationship between playing chess and mortality needed much more systematic analysis – to examine the overall impact of being a top chess player we obtained information on all current chess Grandmasters and compared their life expectancy with a matched rate of mortality in the general population for each country they represented.”

He said the results debunk the theory that elite chess-players die earlier.

CEPAR senior research fellow Dr An Duy Tran added, “The positive effects of chess on longevity are particularly interesting in an era in which the so-called ‘mind sports’, like chess, poker and competitive video games, have become highly professionalised.

“The elite mental athletes in our study had a substantially higher life expectancy than the general population.

“There may be potential direct health benefits of chess expertise, with evidence suggesting that playing chess can reduce the risk of dementia, as well as physically alter the structure of the brain.”

When comparing with Olympic medallists, it found chess Grandmasters have the same protracted life expectancies.

Seriously, though

However, as chess players and the population at large lives longer, there’s a growing need for retirement income products that protect against increased life spans.

Recognising this, the government last week introduced the requirement for super funds to provide at least one “flagship” comprehensive income product for retirement (CIPR).

This move has been controversial, with Sunsuper national manager Ray Murray describing it as “actuarial fraud”.

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