by James Coyle | Sep 10, 2024 | Retirement Spending
The current economic climate has been described by many as a ‘crisis’. Whether rising prices and interest rates do indeed constitute a crisis is arguable. But it’s fair to say that most Australians are very concerned about the rapidly escalating costs of fuel, food,...
by James Coyle | Sep 10, 2024 | Centrelink Age Pension
One in five of the people we see still have a mortgage on their home. Many of them also have money in the bank, super or some other investments. For part pensioners this can sometimes be costly. This is because most part pensioners, and those that aren’t eligible for...
by James Coyle | Sep 10, 2024 | Centrelink Age Pension
When it comes to retirement, entitlements is a term we hear a lot, but it can also be misunderstood. Many people believe that retirement entitlements are confined to government benefits, specifically the Age Pension the associated Pension Concession Card. But there...
by James Coyle | Sep 10, 2024 | Centrelink Age Pension
Simple sums that share the rules The Retirement Essentials advice team is currently handling a lot of questions about Age Pension eligibility and the gifting of money or possessions to family members. At one level, the rules are fairly straightforward. But it is the...
by James Coyle | Sep 5, 2024 | Investing
The problems with cash: Are you missing out? One of the biggest mistakes in retirement income is to think that you don’t have enough to ‘worry about’. So you do nothing. It’s ironic, as those who say this are also likely to report that running out of money is their...
by Jeremy Duffield | Sep 5, 2024 | Planning for Retirement
We all get to the point when our wages stop as our years of working come to an end. Maybe it’s ahead of you; maybe you’ve already gone through it. It’s got to be one of the most significant and emotional moments that come with retirement. For years,...
by James Coyle | Sep 2, 2024 | Centrelink Age Pension
Here’s what you’ll get The twice-yearly Age Pension indexation is due to increase 20 September. This Age Pension increase is much higher than the one that was awarded in March this year ($19.60 for singles and $29.40 for couples). We reported on 8 August our...
by Kaye Fallick | Aug 29, 2024 | Customer Stories, Planning for Retirement
Are you thriving or just surviving? Ways to manage your retirement risk. What does retirement risk look like to you? For Rob, it means running out of his super savings well before his 80s. For Ian, it means having unexpected expenses and being unable to meet...
by James Coyle | Aug 28, 2024 | Superannuation
What is a retirement bonus? How can you qualify? The topic of retirement ‘bonuses’ comes up a lot. It’s one that can also cause a great deal of confusion, which probably comes back to the use of the term ‘bonus’. Receiving a bonus at work usually means you’ve done...
by Jeremy Duffield | Aug 28, 2024 | Retirement Income
Many people want to supplement their income with a bit of paid work after retiring from full time work. So, we can think about working – after full time work– as the (optional) fifth pillar of retirement. For our clients over 65, we find that a good-sized...
