When can I afford to retire?

When can I afford to retire? Judging when you’re ready to retire is a tricky proposition, with the need to balance comfort, lifestyle and future income. When can you afford to retire? We sat down with CERTIFIED FINANCIAL PLANNER®professional and private client adviser Chris Giaouris of Chronos Private to find out …

Should you be sharing your super with the kids?

Should you be sharing your super with the kids? According to the latest research from REST Industry Super, working Australians aged over 50 are very much in the habit of making financial contributions to their kids. So far they’ve shelled out $31.6 billion for home deposits, $55.9 billion for education …

The four steps to a better retirement

The four steps to a better retirement Today, with Australians living longer and healthier lives, the concept of retirement is much different to what it was only one generation ago. For each retiree, retirement is different. Typically, there are four areas that need to be considered to help you better …

Does a part-time job in retirement work for you?

Does a part-time job in retirement work for you? Maybe you can’t wait to give up work forever. But having a part-time job in retirement offers health and income benefits that could make it worth considering for your future lifestyle. Boosting your super For many people in their retirement years, …

When is the right time to downsize?

When is the right time to downsize? Downsizing from a larger family home to somewhere smaller can be an obvious choice when retirement is on the cards.  For others it’s a necessity and something they do reluctantly. So when it comes to timing your decision, what’s the right approach to …

Are you mentally ready for retirement?

Are you mentally ready for retirement? The first thing on most peoples’ minds when they think of retirement is: “When can I afford it?” and “How much money will I need?” But the question often not considered is: “Am I mentally ready for retirement?” Financial planners often bring this to the …

New rules to benefit those downsizing for retirement

New rules to benefit those downsizing for retirement Downsizers can now make an after-tax contribution to their super of up to $300,000, using the proceeds from the sale of their main residence. Australians aged 65 and over who are downsizing for retirement can now contribute the proceeds from the sale …

Seniors are doing it for themselves

Seniors are doing it for themselves Newcastle-based lawyer Lyn Lucas has been practicing family law for 25 years. She is also 76. Lucas studied law as a mature age student, and seven years ago created an online legal practice, Online Divorce Lawyer. This came about as she was looking to lessen …

Salary sacrifice: A lot less painful than it sounds

Salary sacrifice: A lot less painful than it sounds Maybe you’ve heard about salary sacrifice as a way to increase your retirement savings. But did you know it can be a very tax-effective way to make voluntary super contributions? Find out how you could boost your retirement savings and pay …

As a small business owner, do I need a Plan B for retirement? (Video)

As a small business owner, do I need a Plan B for retirement? (Video) Alexis Wheatley CFP® As Principal of Wheatley Wealth Management, Alexis provides high-quality strategic advice to help her clients create and preserve their wealth. As part of the Financial Planning Association’s Ask a Planner video series, Alexis …