by Kaye Fallick | Jun 14, 2024 | Retirement Advice
Talking about risk and retirement is a little like talking about debt and retirement. We may be aware that we need to confront this, but words like risk and debt can have negative connotations. This means many of us will avoid ever ‘going there’. But this can be a...
by James Coyle | Jun 14, 2024 | Centrelink Age Pension
Last week we promised an update on deeming thresholds. Along with the main income and asset threshold changes on 1 July the deeming thresholds will also be increased. This benefits all those whose assets are deemed to earn income by Centrelink. We have reported...
by James Coyle | Jun 5, 2024 | Retirement Advice
Well that’s a provocative headline. It was a question posed in a recent article in the Financial Review. The full headline was… “Baby Boomers are loaded. Why are they so stingy?” Now like most newspaper headlines they are designed to get a reaction and encourage...
by Jeremy Duffield | Jun 5, 2024 | Retirement Spending
Keeping Retirement Simple – Part 4 In his book Straight Talk on Investing, a friend of mine, Jack Brennan, former CEO of The Vanguard Group, gives his views on the most important piece of advice. “Live below your means….simply put, you must not spend more money...
by James Coyle | Jun 5, 2024 | Centrelink Age Pension
July 1. It’s one of my favourite times of year. We have passed the winter solstice and the days, albeit still dark and cold (at least down south), are slowly getting longer. And for the financial nerd part of me it is also the start of a new financial year. For...
by Jeremy Duffield | May 30, 2024 | Retirement Income
Keeping Retirement Simple – Part 3 In the last Keeping Retirement Simple article, we discussed how your retirement horizon impacted the amount you can afford to spend. The longer you need to plan for, the less you can afford to spend each year. This...
by James Coyle | May 30, 2024 | Centrelink Age Pension, Customer Stories
Anh and Kim had a dilemma. They consider themselves lucky as they have worked and saved hard to now have more than $1 million in assets and they own their home. They are both over 67 so can qualify for the Age Pension – except they don’t! Their combined assets...
by James Coyle | May 30, 2024 | Retirement Advice
In the Retirement Essentials April 2024 Retirement Pulse we asked you about your wellbeing in retirement, including your health, happiness and sense of financial security. This gives us both a better understanding of the lived experience of retirement and the type of...
by James Coyle | May 24, 2024 | Retirement Advice
Many of us procrastinate when confronted with difficult tasks. At Retirement Essentials we see it often with people delaying applying for the Age Pension as they can’t face dealing with Centrelink. Another common area of procrastination is preparing a...
by Kaye Fallick | May 23, 2024 | Centrelink Age Pension
The biggest win for retirees in this year’s Federal Budget was the decision to freeze deeming rates until 30 June 2025. We reported on this in our Budget 2024-25 wrap, but wanted to take time to further explain this for those who are not quite sure how deeming rates...