by James Coyle | Aug 21, 2022 | Retirement Income
Five steps to peace of mind The final report of the Retirement Income Review ( July 2020) found that 28% of early retirees are in financial stress. This report was tabled two years ago, before interest rates and the Consumer Price Index began to increase so rapidly....
by James Coyle | Aug 12, 2022 | Retirement Income
Is it right for you? Downsizing is frequently a major turning point in retirement. It’s not for everybody, but it does offer a rewarding and potentially lucrative strategy for many older Australians. In fact, access to home equity can mean the difference between a...
by James Coyle | Aug 12, 2022 | Centrelink Age Pension
Why did I lose my income? This week we received a distraught call from someone who has just lost nearly all their part-Age Pension. Let’s call her Susan. She contacted us to see if we could help reverse this loss of income and agreed that we could share this situation...
by James Coyle | Aug 12, 2022 | Retirement Spending
What could possibly go wrong? Lump sums can come and go in diverse ways. When it comes to retirement, it used to be much simpler to work out how to handle them. Over time, the many ways of contributing to, or withdrawing from, your superannuation have increased. The...
by James Coyle | Aug 5, 2022 | Investing, Retirement Income
And how can you earn more? The Reserve Bank increases the cash rate…. Homeowners face mortgage stress… And banks pass on rate rises in full Well that last one isn’t true is it? Or at best half true. The banks pass on rate rises in full very very quickly when they...
by James Coyle | Aug 5, 2022 | Retirement Spending
How much will be left when I die? It helps to know One of the most common fears for retirees is that they don’t have enough savings and they will run out of money. This is understandable as most of us would like to have something in addition to the Age Pension in our...
by James Coyle | Aug 5, 2022 | Centrelink Age Pension
Just the facts you need to know Australia’s most secure form of retirement income is the Age Pension. It is government guaranteed, delivered to your bank account fortnightly, and eventually (when you reach your 80s), paid to a whopping 80% of this cohort. So you would...
by James Coyle | Jul 29, 2022 | Planning for Retirement
The sad fact about most retirement savings predictions is how woefully out of touch they are with reality. There’s a reason for this. Firstly the people offering these projections are generally not living in retirement. Most are still working, earning more than...
by James Coyle | Jul 29, 2022 | Retirement Income
What you will be getting? Don’t you just hate jargon? And when it comes to finance there is a lot of it about. Take the recently legislated Retirement Income Covenant (RIC), known as the Corporate Collective Investment Vehicle Framework and Other Measures Act 2022....
by James Coyle | Jul 29, 2022 | Retirement Advice
How to find your sweet spot Retirement Essentials’ financial adviser, Nicole, says that risk tolerance to her is about the difference between anxiety and peace of mind. ‘When I talk to clients about it I often refer to the ‘sleep test’ in retirement...
