James Coyle

James has over 35 years experience in financial services with particular expertise in two of the key components of retirement finance - Superannuation and the Age Pension. He is passionate about providing the guidance and support that can help older Australians enjoy their best possible retirement. He lives in regional Victoria surrounded by dogs and chooks.
I don’t need a will – and other estate planning myths

I don’t need a will – and other estate planning myths

Many of us procrastinate when confronted with difficult tasks.  At Retirement Essentials we see it often with people delaying applying for the Age Pension as they can’t face dealing with Centrelink.  Another common area of procrastination is preparing a will.  It is difficult because we have to confront the possibility of our demise and also because we might have to make awkward decisions about who gets what.  Children, partners, parents, siblings, friends and charities are all among the possible beneficiaries

There are also a host of myths about wills that lead to people putting it off or getting it wrong.  Today we are going to bust five of the most common myths.

Loans in retirement: Time for a rethink?

Loans in retirement: Time for a rethink?

One of the best things about writing articles and explainers for Retirement Essentials is the quality of the comments we receive in return. A recent article on the ‘classic dilemma’ of paying off debt or retaining a mortgage (but earning more in other ways) is an example. We received some great feedback from members on this topic. They pointed out that this option does not have to be an ‘all-in’ decision. Which has encouraged us to share their thoughts as well as a brief overview of the main decision-making points.

Our view is that there is rarely one right or one wrong approach to most things financial. The main reason is that at the heart of most financial decisions are emotional needs or concerns and lifestage needs which may often involve wrangling two different sets of priorities, should you happen to live as a couple. 

There really is no  one size fits all approach to debt management, hence our suggestions that you explore your options and if you are unsure, you seek further explanations, income projections or support from one of our experienced advisers. 

Here are some of the great comments we received on this topic, followed by an overview of ways to view your options.

I don’t need a will – and other estate planning myths

I don’t need a will – and other estate planning myths

Many of us procrastinate when confronted with difficult tasks.  At Retirement Essentials we see it often with people delaying applying for the Age Pension as they can’t face dealing with Centrelink.  Another common area of procrastination is preparing a will.  It is difficult because we have to confront the possibility of our demise and also because we might have to make awkward decisions about who gets what.  Children, partners, parents, siblings, friends and charities are all among the possible beneficiaries

There are also a host of myths about wills that lead to people putting it off or getting it wrong.  Today we are going to bust five of the most common myths.