Five ways to stretch your money

Five ways to stretch your money

Five ways to stretch your money: Quick checks for better results Australians are living longer than ever, even after taking the Covid pandemic into account. This is great news for all, but it also leads to the obvious corollary – how to fund a longer life in...
Are you scam-proof?

Are you scam-proof?

Are you scam-proof? Probably not An alarming new superannuation scam was revealed by ABC TV this past week. Unsurprisingly many retirees are shocked and concerned they might be next on the list. How likely is this to happen to you? Here are the facts and what you can...
Are you a risk taker?

Are you a risk taker?

Maybe you need to think again Are you a risk taker?  No, not me, is the likely reply. But think again. The concept of taking risks is redolent with images of sky diving, bungee jumping and travel to remote corners of the globe. Maybe these aren’t activities you’ve...
Global Pension Rankings

Global Pension Rankings

Global pension rankings: How good is Australia? How does Australia’s retirement income system rank globally? It’s easy to lose sight of this wider context if you are struggling to live on your current income while concerned about rising prices and nervy markets. But...
Preservation Age:

Preservation Age:

Preservation Age: What you need to know Preservation age is a term that is used to denote the age at which you can access your superannuation funds without penalty. It is one of the conditions of release set by the Australian Tax Office (ATO) in relation to...
Age Pension increases

Age Pension increases

What you’ve got over the past year Taking a long view when managing your money is almost always the best strategy. It can be difficult to do this with frequent changes to key financial indicators such as price hikes, stock market volatility and changing Age Pension...
Reporting income

Reporting income

Reporting Income Reporting income can be a minefield for those on an Age Pension or those who may be entitled to one in the near future. The difficulty for many is that it is less than clear which income is reportable to Centrelink – and how and when you need to do...
Managing shares

Managing shares

Managing shares: What you need to know? Retirement income stress has been greatly exacerbated by the volatility of share markets around the world. Today’s ‘Plain English’ guide to shares examines the key aspects of this asset class. Whether you are a long term...
Retirement fears increasing

Retirement fears increasing

Source: AMP Financial Wellness Study 2022 New financial wellbeing research has revealed an increase in stress and uncertainty about retirement income. The findings, released by wealth management group, AMP, are the latest in the bi-annual Financial Wellness report,...
Super contributions explained

Super contributions explained

What do retirees need to know? Rules covering contributions to super can be challenging to understand. The following overview looks at the two broad categories of contributions and then focuses on those rules that affect retirees the most. What are the different types...