Just having hit a significant milestone myself (70), I’m reminded of how important some milestones are in retirement. Milestones make you think about important life stages. But beyond that, government policy relies on age markers for when rules change or...
Planning for Retirement Articles
Aged care changes: what will you need to pay?
Last week the long awaited changes to the Aged Care sector were released. You could be forgiven for being confused, with headlines in Money magazine stating that ‘Pensioners pay more’ while the Australian Financial Review reported ‘Aged care taps rich...
The Day the Pay stopped
We all get to the point when our wages stop as our years of working come to an end. Maybe it’s ahead of you; maybe you’ve already gone through it. It’s got to be one of the most significant and emotional moments that come with retirement....
Ways to manage your retirement risk
Are you thriving or just surviving? Ways to manage your retirement risk. What does retirement risk look like to you? For Rob, it means running out of his super savings well before his 80s. For Ian, it means having unexpected expenses and being unable...
Money mistakes to avoid in your 60s
Milestone birthdays are definitely ones to celebrate. Hopefully you are at a stage where any ‘have tos’ of work, mortgage and parenting are reducing and the ‘get tos’ of travel, social events and fun hobbies are on the increase. Yes, there are always...
Do you know the basics? Quick financial literacy quiz
Most retirees report their major concern to be whether their money will last as long as they do. But maybe, as the old saying goes, it’s not what you’ve got but what you do with it that really counts. That’s where your financial literacy comes into play....
Be prepared!
Keeping Retirement Simple – Part 6 In previous articles, we’ve talked about how it’s tough to plan your retirement due to uncertainty about future investment returns…and inflation. In Part 3, we showed how the amount you can spend depends on what you...
Federal Budget 2024 – what’s in it for older Australians?
Federal Treasurer Jim Chalmers has handed down the May 2024-2025 Federal Budget. There weren’t a lot of surprises but there are a couple of nice bonuses for older Australians. Before we start, it's important to note that these are only...
Can Alice retire while still working?
There was great feedback on our article about peak retirement a few weeks ago. It seems that many Retirement Essentials members are planning on working longer, but not necessarily harder! As a consequence, our advisers have had many consultations helping...