by James Coyle | Dec 7, 2023 | Centrelink Age Pension
This past week, a casual conversation with adviser, Megan Marshal, totally nailed the difficulty of managing retirement income. ‘Understanding the rules is the hardest thing for most people’, Megan said, ‘Particularly making connections between the Australian...
by James Coyle | Nov 30, 2023 | Centrelink Age Pension
It’s estimated that many retirees who have delayed applying for the Age Pension are missing out on an average total amount of $69,000. We highlighted how this had happened to Geoff in August. The reason that he had missed out was that he was initially a self funded...
by James Coyle | Nov 30, 2023 | Centrelink Age Pension
How and when should you commence an income stream from your super as you move towards retirement? Starting an Account-Based Pension (ABP) is a major step in anyone’s retirement journey. Getting the timing right is very important. So too is judging the appropriate...
by James Coyle | Nov 30, 2023 | Retirement Advice
Most retirees own their own homes. A growing number (13%) of those aged 67 and over still have a mortgage. But of those approaching retirement, aged 55-64, a staggering 54% are still paying off a home loan. In early August we discussed the option of downsizing to a...
by James Coyle | Nov 24, 2023 | Retirement Advice
One popular misconception about retirement is that it is a choice that we can all make when we feel like having more spare time. This is not what always happens, however, with most recent ABS statistics on Retirement and Retirement Intentions (2023) revealing that not...
by James Coyle | Nov 24, 2023 | Planning for Retirement
What you believe will help Our regular Retirement Pulse surveys never fail to surprise. Yes, they always deliver useful insights and help us understand your key concerns. But they also often deliver useful solutions to problems that plague retirees across the...
by James Coyle | Nov 24, 2023 | Superannuation
Here are some surprising things that you may not know about your super. Most surprising to many is that your Will doesn’t automatically determine who gets your super. The trustee of the fund often makes this decision. A recent newspaper report highlighted...
by James Coyle | Nov 17, 2023 | Retirement Spending
Quite a few members have recently contacted us with the same problem. Put simply, they are concerned that they are running short of money far too often and that they urgently need a re-set. Some members have chosen to proceed to an advice appointment. Others have just...
by James Coyle | Nov 17, 2023 | Retirement Income
The last day of October is the final date when individuals can file their tax returns unless they are represented by a tax agent. Many retirees – those on a Full Age Pension or those whose sole source of income is from their super – won’t be required to file a return....
by James Coyle | Nov 17, 2023 | Centrelink Age Pension
Sharing money with your loved ones has to be one of life’s greatest joys. But being penalised for doing so seems a bit unfair. We’ve recently received many questions about gifting and loans. Maybe its associated with rising cost of living and general housing...
