Posts Tagged ‘retirement’
SUPER SPLITTING
GROW YOUR WEALTH TOGETHER Introduction: Why Super Splitting Matters for Australian Families When it comes to preparing for retirement, many Australians focus on growing their superannuation individually. But what if there was a way for couples to work together, sharing their super contributions to build a stronger financial future? This is where superannuation contribution splitting—commonly…
Read MoreSmart Super Strategies for this EOFY
With June 30 fast approaching, it’s time to start thinking about your super for another year. We’ve put together five smart strategies that may benefit you now, and help boost your super. Strategy This may be right if you……. How to use this strategy The benefits may include 1. Add to your super and get…
Read MoreHome Equity Access Scheme (HEAS)
My friend mentioned they’re using the Home Equity Access Scheme (HEAS) to help fund their retirement. What is it, and how much can I get from it? The Home Equity Access Scheme (HEAS) is a government initiative that allows eligible older Australians to supple- ment their retirement income by unlocking equity in their home or…
Read MoreNavigating Financial Risks and Retirement
Introduction: The Changing Perception of Life Expectancy Life expectancy is one of the most widely misunderstood concepts in retirement planning. It is often quoted as a single number—a statistical average—but this simplification obscures the complexity of individual survival probabilities. For retirees, this misunderstanding can lead to miscalcu- lations about how long their savings need to…
Read MoreCan you add to a retirement pension?
“I’ve heard that once I start drawing my pension, I can’t add further funds to it. Is this true?” It’s a common misconception that you can’t boost your income stream after you start receiving a pension. While pension accounts don’t directly accept additional contri- butions, there are strategies to “refresh” your pension. For example, you…
Read MoreThe Evolution of Retirement Planning
This article will explore the key changes in superannuation thresholds, delve into the complexities of investment risk in superannuation, and examine emerging retirement income strategies.
Read MoreDownsizer Contributions to Super
Since July 2018 thousands of people have taken advantage of the Government’s downsizer contribution scheme by selling their home and making contributions to their super. This has allowed older Australians to have more money to fund their retirement.Although this is good news for people who have benefited from this scheme, some people may have missed…
Read MoreWellbeing Trumps Wealth
It is so easy to get swept into the cycle of thinking that having more money leads to a happier, more fulfilling life. But wealth isn’t a golden ticket to happiness, and a good financial plan will find the balance between wealth and well-being. Here are three outcomes from a good financial plan that…
Read MoreSafeguarding your retirement plan
From wills to long-term budgeting, there’s a lot to think about when making your retirement to-do list. Here’s some tips to make sure you’ve ticked all the boxes. 1. Check your will Without a valid will, an administrator will be appointed to manage your estate, which may cause your family plenty of problems. To save…
Read MoreDownsizing for dummies: Smaller home for a bigger life
What’s not to love about downsizing? Cheaper utility bills, fewer rooms to clean, a cozier feeling all around… When you’re downsizing for retirement, you may also qualify for a higher pension based on your assets, and even free up some cash which could go towards your all-important retirement savings. But, like with any big life…
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