ASX vs. S&P 500: Where should retirees lay their nest egg?

ASX vs. S&P 500: Where should retirees lay their nest egg?

The debate about whether Australian retirees in pension phase (paying no tax) are better off in ASX-listed stocks, or the U.S. companies of the S&P 500 continues to rage. Australian listed companies are known for their relatively high dividend payout ratios. It is estimated that, in aggregate, about 80 per cent of ASX 200 company profits are paid out as dividends.  Part of the reason is that our tax system causes companies to accumulate franking…