As of June 2023, there were about 4.2 million retirees in Australia. The average age was just over 65, and the Age Pension was their main source of income. But are retirees living a comfortable retirement?
The term ‘comfortable retirement’ is subjective. For some retirees, the Age Pension payment is sufficient to m... |
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Financial Advice or Financial Planning?
The term “Financial Advice” and “Financial Planning” are quite often used to describe financial services, but they are quite different.
Financial Advice
Generally, the term Financial Advice is used to describe a financial service that provides a specific solution to a specific fi... |
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If you are nearing retirement, and your Financial Pan requires a maximum contribution to superannuation, you may be able to take advantage of the recent changes to the superannuation "Downsizer Contribution" rules.
Superannuation contributions have limits that cannot be exceeded without incurring penalties and therefore if you are try... |
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To successfully develop and maintain your financial goals you need a plan.
If your plan is too complicated it may be difficult to maintain, so you need to make sure, as best you can, that your plan is robust and will require little ongoing effort from you.
All financial plans require monitoring of both income and expenditure, especially i... |
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The recent Federal Budget handed down on May 3, 2016 contained major changes to superannuation.
Superannuation can be confusing at the best of times and usually we don't try or feel the need to understand it until we are getting closer to retirement. For some, retirement and superannuation access is a long way into the future, however #e... |
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