by James Coyle | Apr 14, 2022 | Planning for Retirement
And why is it critical to know how long you will live? Back in 1908 when the Age Pension was first introduced in the Australian Federal Parliament there were two striking features. It was for men only. And the life expectancy of men who would receive this benefit at...
by James Coyle | Apr 14, 2022 | Retirement Income
So why are older Australians penalised for earning more? Current economic data confirms that Australia now has too few workers for jobs that urgently need to be done. With unemployment hovering around 4% and predicted to tighten further there are now jobs available...
by James Coyle | Apr 14, 2022 | Retirement Income
Is a secure income stream achievable? While there are many headlines promising to help you to ‘retire rich’, most Retirement Essentials members have different expectations. The majority tell us that ‘rich’ isn’t a believable goal. They simply wish to maintain a secure...
by James Coyle | Apr 11, 2022 | Planning for Retirement
Is using a TTR the best of both worlds? The days of an abrupt end to full time work, suddenly facing seven days a week of leisure are becoming a thing of the past for many older Australians. Yes, there are unforeseen life events like sickness or retrenchment which can...
by James Coyle | Apr 11, 2022 | Centrelink Age Pension
Will this happen? In an announcement that would help 500,000 older Australians retire earlier, the Greens want to move the Age Pension eligibility age back down to 65. And increase the benefits by 25%. The announcement was made by Greens Welfare spokesperson Janet...
by James Coyle | Apr 4, 2022 | Retirement Advice
Need a retirement top-up? In today’s Jargonbuster we look at the different types of home equity access. This is a complex topic as there are many different types of home equity available for retirees – and each type varies in features, upsides, downsides and the...
by James Coyle | Apr 4, 2022 | Superannuation
The detail you need to know Last week’s Federal Budget included a significant change to the rules regarding decumulation. In particular, how much money you are allowed to draw down from your super account post July 1, 2022. These changes have raised a lot of questions...
by James Coyle | Apr 4, 2022 | Retirement Income
Are prices higher for retires? It’s logical to follow the quarterly and annual Consumer Price Index (CPI) changes to try to keep track of the price of household goods and services. If you did this you would believe that most Australians are subject to about the same...
by James Coyle | Mar 30, 2022 | Centrelink Age Pension
Budget March 2022 for older Australians Click here for information about the October 2022 budget delivered by Jim Chalmers After weeks of leaks and speculation, the Treasurer presented the Federal Budget 2022-23 in parliament last night. There are wins and losses for...
by James Coyle | Mar 25, 2022 | Planning for Retirement
The recent significant changes to Age Pension rules and rates have firmly renewed the focus on retirement income affordability. But in the push to fully understand every aspect of retirement incomings, we run the risk of missing the other half of the equation – and...
