by Kaye Fallick | Apr 26, 2024 | Planning for Retirement
More older Australians are staying in work for longer, creating a new ‘peak’ retirement age, according to a new KPMG report. Analysis by KPMG Urban Economist, Terry Rawnsley, suggests that Australian workers are retiring at their oldest age since the 1970s. This...
by Kaye Fallick | Apr 26, 2024 | Centrelink Age Pension
Recent Treasury information revealed that 84% of retirement savings is held in Account-Based (or allocated) pensions. Yet responses to a survey conducted by AMP suggested that 70% of over 50-year-olds do not understand what an Account-Based Pension (ABP) is. How can...
by James Coyle | Apr 26, 2024 | Superannuation
I think super is a terrific way to save for retirement. You start a job and your employer is legally obliged to contribute into your superannuation account – currently 11% of your ordinary time earnings and increasing to 11.5% on 1 July 2024. ...
by James Coyle | Apr 18, 2024 | Retirement Advice
A couple of weeks ago I came across a Retirement Happiness Index. This index, launched by Challenger on 4 April 2024 makes for interesting reading. It indicates Australian retirees have plenty to keep us busy and engaged, we feel mentally healthy, but we are a bit...
by James Coyle | Apr 18, 2024 | Centrelink Age Pension
Last week we revealed a little known fact about the Age Pension – and that is, how very unfair the asset test rules are for renters and single renters in particular. We had a lot of media attention following the publication of this Age Pension anomaly. Our team has...
by Kaye Fallick | Apr 18, 2024 | Superannuation
When it comes to retirement, forewarned is forearmed. This is definitely the case as we approach the End of Financial Year (EOFY) when many rules will change. Today we are sharing updates on five different super rules that may affect your own financial planning. We...
by James Coyle | Apr 11, 2024 | Centrelink Age Pension
There are many ways of saving for your retirement. You can pay off your home, put money into super, an investment property or managed funds. Perhaps invest in art, cars or fine wine. I’m not a big fan of those last three, unless you have real expertise in...
by Kaye Fallick | Apr 11, 2024 | Retirement Spending
Your retirement journey is likely to be as quirky and individual as you are. But whilst most of us love fun and adventure, volatile cash flow is not the type of adventure we would embrace. Predictable income becomes even more important in retirement when you can’t...
by Kaye Fallick | Apr 11, 2024 | Centrelink Age Pension
Federal Budgets can seem a long way removed from our day-to-day lives. Telephone book number expenditure is often quoted on some very abstract projects (infrastructure? cyber safety? border security?) which are hard to relate to. But the money that is allocated in the...
by Kaye Fallick | Apr 3, 2024 | Planning for Retirement
Most of us are open to doing the maths and setting goals if we believe those goals are achievable. Resistance can set in, however, if we think that the targets are unrealistic. It could be that this has become the case with the commonly accepted quarterly ‘Retirement...
