by Jeremy Duffield | Feb 12, 2021 | Retirement Income
The third in our series on the Government’s Retirement Income Review Home ownership gives retirees a big leg up in retirement, according to the government’s recently released Retirement Income Review. Retiree households who own their home face lower housing...
by James Coyle | Jan 29, 2021 | Centrelink Age Pension
Last September, for the first time since 1997, Age Pensioners didn’t receive an increase in their pension rates. The reason for this was that both inflation (CPI) and the Pensioner and Beneficiary Living Cost Index (PBLCI) were negative. One of the reasons...
by Jeremy Duffield | Jan 22, 2021 | Retirement Spending
More insights from the Government’s Retirement Income Review Everyone’s different in retirement. And how much you need is really a question to be decided personally. But we’ve all got a bit of “sticky-beak” streak and are interested in what others think they need. ...
by Jeremy Duffield | Jan 14, 2021 | Planning for Retirement
“Start with the facts.” That was the motto of the government’s recently released review of the Australian retirement system. Don’t come up with policy recommendations; just give us the fact base to think about. A lot of the news media coverage of the...
by Jeremy Duffield | Dec 21, 2020 | Planning for Retirement
The inventor of weather forecasting, Admiral Robert FitzRoy, was motivated by the desire to stop shipwrecks off the coast of Britain. He established the first weather bureau in 1854….but was mocked for his forecasts and eventually took his own life in the...
by Jeremy Duffield | Dec 21, 2020 | Retirement Income
The problem with cash. “We can’t live off that!” Retirees are only too well aware how far interest rates have dropped. The decline has been great for younger people paying off mortgages, but terrible for people funding retirement spending from bank account...
by James Coyle | Dec 10, 2020 | Retirement Advice
What do we mean by downsizing Downsizing typically refers to selling your home to live somewhere smaller and potentially cheaper. Many retirees will be faced with a decision as to whether this course of action will be best for them and we often talk to customers that...
by James Coyle | Nov 30, 2020 | Centrelink Age Pension
We asked – This is what you told us A few weeks ago we asked our readers what they thought about the idea of a universal age pension. The results were overwhelming. More people responded to the survey and commented on our article than any other piece we have...
by James Coyle | Nov 23, 2020 | Centrelink Age Pension
Many of our customers have asked us this question. As life expectancy increases it is no longer unusual for people to receive an inheritance much later in life. If you do receive a lump sum inheritance, or any lump sum, you need to be aware of a few important factors....
by James Coyle | Nov 16, 2020 | Centrelink Age Pension
What’s happening with deeming rates? Interests rates are now at record lows with the Reserve Bank cutting the official rate to just 0.1%. Deeming rates are now also the lowest they have ever been. The lower threshold is at 0.25% with the upper deeming rate...
