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.
Could your retirement savings survive another GFC?

Could your retirement savings survive another GFC?

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The most commonly asked questions in retirement income are ‘Will  my money last as long as I do?’ And ‘Am I in danger of running out?’

The problem is, there is no really useful way to respond. The correct answers to these two questions are ‘probably, and probably not’. Which is hardly a satisfying reply to retirees trying to plan for the next 20, 30, even 40 years.

A much more accurate question is ‘How much can I safely spend in retirement’. It’s a good question because the answer can be accurately predicted using lifespan and retirement spending forecasting calculators.

Let’s start with the elements of safe spending so you can review your current (or future) retirement spending and whether you with relaxed about this outlook.

Is this the cost of living help that pensioners need?

Is this the cost of living help that pensioners need?

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Cost of living is an issue top of mind for most Australians. Last week’s higher inflation rate was a stark reminder just how much we are now paying for essentials. So it’s timely that a seniors advocacy group should suggest a solution for those doing it toughest.

The initiative comes from the National Seniors Australia (NSA) and is based upon evidence from the Oganisation for Economic Development (OECD) that income poverty for those over 66 is real and prevalent. OECD data shows that 21% of men and 26% of women of this age suffer from such poverty. These statistics are supported by similar data from the Australian Council of Social Services (ACOSS). The NSA also notes that 20% of older women have no super to draw upon.

Dwindling assets: Megan to the rescue

Dwindling assets: Megan to the rescue

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Our adviser, Megan Marshall had a big win last week. This happened when she helped Fiona to increase her Age Pension entitlement from $506 to $916. That’s an extra $410 a fortnight. It’s such a large increase that we wanted to share how this could happen. And some key tips Megan has to offer for others who feel they may be being under paid.