by James Coyle | May 10, 2024 | Planning for Retirement
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 both singles...
by James Coyle | May 2, 2024 | Retirement Advice
The most outstanding feature of Australia’s retirement income system has to be its complexity. During their working lives most people have managed just one source of income – their salary. If they have investments, this money typically adds to savings. But in...
by Kaye Fallick | May 2, 2024 | Retirement Income
And should you be ‘pushed’ into a retirement income product. Would that be in your best interests? At the heart of most retirement wants lies the desire to have a strong degree of control, in the form of a secure, dependable retirement income. No surprises here....
by James Coyle | May 2, 2024 | Retirement Advice
Currently about 76% of Australian retirees own their own homes. About 13% of these retirees still have a mortgage. These ratios are set to change dramatically over the next 10-15 years, with more than 50% of those currently aged 55-60 carrying mortgages, interest...
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 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...
