Reducing risk in retirement
We all think things will turn out better for ‘us’ than ‘them’. Such optimism can serve us well in life, but when it comes to money, balancing bias with facts is a much safer option.
When it comes to your retirement there are four main risks that can impact your income
Maximising wealth together: Super contributions for your spouse
Maximising super contributions for your spouse is a smart financial move that can benefit both your partner and your family’s long-term financial security. By actively contributing to your spouse’s super account, you not only help them build a more substantial retirement nest egg, but also enjoy potential tax benefits in the process. However, it’s essential to understand the eligibility criteria, contribution limits, and potential implications on other aspects of your retirement plan and estate planning.
What to do if you’re 55 and have no retirement plan
Retirement planning is one of those things that often gets pushed to the back burner. When you’re young, it’s easy to convince yourself that retirement is light years away and you’ve got plenty of time to figure it all out. But life has a habit of going by real fast and all of a sudden, you’re 55 (or thereabouts) and realise that retirement is just around the corner.
What’s the best age to retire?
There is no magic age at which to retire. But what’s important is to plan for a longer retirement than you may expect. This is in part because research shows we’re now living longer than ever. According to the Australian Government Actuary (AGA), factoring in improvements in life expectancies over the last 25 years, half of today’s 65-year-olds will live to at least 87 for males and at least 89 for females.
Help your retirement funds last the distance
Retirement is a time that many Australians eagerly anticipate, providing plenty of time to pursue hobbies, do more travelling, or simply kick back and enjoy the fruits of your labour. We will outline key strategies to help boost and preserve your retirement savings, to help you achieve long term financial security throughout your golden years.
Elder financial abuse
Elder financial abuse can happen to anyone at any time. Learn how to recognise the signs and equip yourself with the knowledge to minimise the risk of it happening to you.
How to upsize your super with a tax-free downsizer contribution
Did you know from age 55, you may be eligible to make a super contribution of up to $300,000 using the proceeds from the sale of your home?
Downsizing your home in retirement could have several upsides – some money in your pocket, less maintenance, and depending on your new location, greater convenience.
If it’s something you’ve thought about, particularly if you’d like more savings to fund your retirement, the government’s downsizer contribution scheme may be of interest.
Here’s what’s involved, what the potential benefits may be, and what you should consider.
Five tips for a better retirement
Retirement is an exciting time. It’s the long-awaited reward for a lifetime of work and, if you’ve planned it correctly, it heralds a life stage synonymous with relaxation and enjoyment.
Making downsizer contributions into super
If you’re over 55 and looking to boost your retirement savings, you may be eligible to make a super contribution of up to $300,000 from the sale proceeds of your primary residence.
Top 5 Questions To Ask Your Financial Adviser
