Let’s consider some of the features of both options; a pension or income stream, compared to a lump sum payment. While working, you’re encouraged to plan your retirement and always reminded on whether you’re putting enough away to maintain a standard of living. Retirement Planning as well as professional advice are really important to get … Continued
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Are you thinking of managing your own super fund? Outside the financial sense, it can be rewarding to manage your superannuation, in which the most important aspect is you are in control. You can make all the decisions meaning the fund can directly address your specific needs. Self-managed super fund (SMSF) A self-managed super fund, … Continued
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Preparing to live out the next chapter of your life can help you build a quality of life in retirement. Transitioning to retirement is mostly an exciting phase in life, full of adventures and new possibilities. But for some retirees, moving on from work life can be a shock to their system now that there’s … Continued
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Running out of money is one of the most dreaded things you hope doesn’t happen when you retire. With a limited income stream, which used to come from wage and employment opportunities, it is quite impossible to rebuild your wealth once you enter retirement. Here are some strategies to help you ensure you won’t outlive … Continued
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In May 2021, the Australian Government announced it will make changes in the super contribution rules. It is not yet law, but is expected to apply from 1 July 2022, in which seniors between 67 to 74 years old will be able to make or receive personal contributions and salary sacrificed contributions without meeting the … Continued
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Experts have estimated that more or less 1.5 million Australians financially support their own growing children and their ageing parents. This number may increase in years to come with the ageing population in Australia and the fact that most Australians don’t have enough funds for their retirement. It’s not a walk in the park. But, … Continued
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When you’re approaching retirement, one of the more important things to estimate is your regular expenses once you say goodbye to the workforce. A super industry body has been outlining what budget an average Australian may need to fund a standard of living when they stop working. You may also use this as a tool … Continued
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A Reverse Mortgage Loan is designed to provide funds to people 60 and over by unlocking some of their home equity. With a reverse mortgage loan, you can continue to live in and own your home for a more comfortable retirement. Reverse Mortgage Loan Usage Debt Consolidation — Allows you to unlock some equity in … Continued
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Are you ready to retire? What do you want from this next chapter of your life? Here are four questions to ask about retirement to prepare for your transition. Retirement may be around the bend for you sooner. Are you prepared by knowing when, where, and how to retire? Let’s boil it down to 4 … Continued
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