by James Coyle | Dec 15, 2022 | Planning for Retirement
Five things you need to know about gifting The Bank of Mum and Dad is an emotive and not entirely accurate term when it comes to family loans. It’s not just adult kids who are the beneficiaries of the largesse of older Australians. It can be friends, nieces or...
by James Coyle | Dec 12, 2022 | Centrelink Age Pension
Late last week the Albanese Government and state and territory premiers agreed upon an energy price relief package to curtail rocketing electricity and gas prices for Australian consumers. Such price rises are an ongoing sore point for many Australian households....
by James Coyle | Dec 9, 2022 | Commonwealth Seniors Health Card
Easy concession applications Here’s a quick and easy way to lift your income in 2023 if you are a self-funded retiree. On November 4, the thresholds for the Commonwealth Seniors Health Care Card increased substantially. The Federal Government’s predictions were that...
by James Coyle | Dec 9, 2022 | Retirement Income
These three wise men seem to say so … There are many ways to make money. And just as many to lose it. Today’s subject is about a way to make and earn significant sums, sometimes without realising how quickly this can happen. We’re talking about compound...
by James Coyle | Dec 9, 2022 | Centrelink Age Pension
What you need to know Are you one of the three-quarters of senior Australians who receives a full or part Age Pension payment? If so, it will help to know Centrelink availability, payment and reporting dates over the coming Christmas and New Year holiday period. ...
by James Coyle | Dec 2, 2022 | Retirement Income
Income boosts from home equity The family home remains the single greatest source of wealth for most retirees – that fortunate 80% who live in their own dwelling. Superannuation is a more easily accessible form of wealth, but the money locked up in our homes can be...
by James Coyle | Dec 2, 2022 | Retirement Income
Retirement Pulse reports most think they are worse off financially than 12 months ago The Retirement Essentials’ November 2022 Retirement Pulse posed the question: Do you agree or disagree with this statement: ‘I feel better off financially that I did 12 months ago’ ...
by James Coyle | Nov 28, 2022 | Planning for Retirement
…by projecting future income It’s great to learn that you’ve got your sums wrong, if this means that you can now retire sooner than you thought. This happened a couple of weeks back with Jenny and Kumar. They’re currently aged 68 and 69 and are keen to stop work and...
by James Coyle | Nov 28, 2022 | Retirement Income
Three things you can do FOMO and FONK are well documented. Fear of Missing Out and Fear of Not Knowing can guide human behaviour in dramatic ways. But beyond the more superficial social media application, these sentiments are very relevant for retirees. The tough fact...
by James Coyle | Nov 28, 2022 | Retirement Spending
Or is it? Despite the impacts of Covid, life expectancy for Australian men and women continues to increase. But many retirees can feel conflicted when they hear about increased longevity. This is prompted by the worry that their money will run out. Whilst that’s...
