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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ASAG recommends these 5 ways to achieve a quality retirement life to help seniors prepare for the next chapter of their life and live it out happily. The transition to retirement can be a thrilling stage in life, with new adventures and possibilities. But for some seniors, moving on from work life comes with culture … Continued
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As seniors live longer, the number of Australians aged between 65 and 84 is likely to more than double, according to ASIC. An extension of one’s retirement life corresponds to a more reliable source of income and how it can be utilised. It’s probable to see an increase in demand for seniors equity loan products. … Continued
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