Nearly 800,000 retirees are going without the benefits and discounts available from the Commonwealth Seniors Health Card because they simply haven’t applied.
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.
Should you spend your money before you go?
t working out how long your money might need to last is only the first part of a two part conversation. The real question is the rate at which you can and might spend your savings.
How safe are your savings?
Cash is often viewed as a ‘safe’ form of investment. It’s tangible – you can actually withdraw it in wads of notes, so it feels more ‘real’ than, say, shares or indexed funds. Theoretically your capital value will not go down – if you have $500 invested, then that is the amount of money you genuinely own. And given the current stock market volatility, whereby a shareholding worth $500 yesterday might the next day be worth $470, or $530, cash looks very stable.