Tapping into your home’s equity Retirees feeling the pinch of higher living costs, are reluctantly making difficult decisions as they draw dangerously close to outliving their retirement savings. A 2021 report released by the Association of Superannuation Funds of Australia (ASFA) found that 90% of Australians who died aged over […]
Why Millennials should be mapping their retirement today While millennials have for decades been treated like ‘the children of Neverland, who never grew up’, reality is fast catching up with this generation, who are now young adults between the ages of 24 and 40. Like generations before them, they are […]
Prepare for the unexpected Recently retired couple, David and Erica, were fit and active, and planning a sea-change when David suffered a stroke, leaving him unable to walk or speak. David had been a strong, strapping man, who now needed around-the-clock care. His doctor recommended either an aged care facility […]
Is FIRE For You? FIRE… Financial Independence, Retire Early. Sounds nice, doesn’t it? It’s easy to see why the FIRE movement is burning hot across the younger generations. The notions of financial independence and early retirement are surely appealing to the majority. But as with most good things, it comes […]
How to plan for the longest “holiday” of your life Budgeting for retirement is like preparing your suitcase for an epic journey! Packing the right items and planning ahead is essential to ensure you don’t run into any unexpected surprises along the way. Why plan for your golden years Just […]
Traps to avoid in retirement – ignoring estate planning Don’t have a Will? You’re in good company. Less than half of Australian adults do. Even then, many Wills are out of date or invalid. The upshot is that hard earned wealth may be fought over by family or distributed by […]
Don’t bank your retirement on your business Many business owners make the mistake of ignoring superannuation in preference for re-investing spare funds in their business, hoping they can then sell at a premium when it comes time to retire. At some magical time in the future, they dream they can […]
Traps to avoid in retirement – carrying debt into retirement Increased housing costs and low wage growth are seeing more Australians carry higher levels of debt into retirement. Repaying this debt can place a major drag on retirement cash flows and hinder the achievement of retirement goals. These may include […]
Six retirement wrongs that could send you broke! While retirement should be the best years of your life, many Australians make simple, avoidable mistakes with their finances that can leave them dependent on the age pension and without the funds to really enjoy life. However, with some simple good advice […]
Don’t ignore the third stage of retirement planning The Golden Years… a time of leisure, travel and more time with the grandchildren. This is likely what springs to mind when someone mentions the retirement phase of our lives. However, did you know that your retirement years are typically split into […]