Money & Life – Work & Retirement

25 million & growing: What to make of Australia’s pop milestone

25 million & growing: What to make of Australia’s pop milestone On 7 August 2018 the Australian population has edged past the 25 million mark. What could this mean for the future financial wellbeing of everyday Australians? Hear from CERTIFIED FINANCIAL PLANNER® Professional Tony Sandercock of wetalkmoney about the potential impact of a bigger population on finances and retirement outcomes. According to McCrindle Research, the Australian population reached the 25 million mark earlier this month[1]. If you were …

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Super – so what?

Super – so what? For some people, super may be the most valuable asset they’ll ever have. So it makes sense to know how much they have and how it’s invested. But it’s very often the case that young people, in particular, see super as being something that’s of low concern. So how can the super industry get young people interested in something they won’t benefit from for years to come? With home ownership rates …

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So, you’re starting a business…

So, you’re starting a business… Whether you’ve been plotting it for years or just recently decided to go for it, starting your own business is a big leap. Now that you’re taking the first steps, pause for a moment to consider some often-overlooked factors that will set you up for success. While these may not be as exciting as dreaming up your vision or designing your marketing, building these tasks into your planning will give …

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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 how to tell when you’re retirement-ready. How do you know how much money you’ll need to retire? To be frank, it’s impossible to know for …

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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 and nearly $10 billion for wedding expenses1. So is funding major life events for the next generation affordable? And what happens when you want to …

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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 understand your retirement goals and objectives. The four steps to a better retirement. These are: Define your retirement vision; Understand your cash flow requirements; Clarify …

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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, one of the most compelling reasons for continuing with paid work is to make ends meet. According to a recent research report from the Association …

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Keeping tabs on your super investments

Keeping tabs on your super investments It’s important to get your investment strategy right with super. Keeping tabs on your super investments. Reviewing your portfolio regularly and getting advice can make all the difference to your savings and income for retirement. We talked to CERTIFIED FINANCIAL PLANNER®professional Matt Torney from Muirfield Financial Services about how to make sure you’re taking the right approach with your super investments. What sort of questions can help you determine your …

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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 getting the best outcome for you and your finances? When is the right time to downsize? We talked to CERTIFIED FINANCIAL PLANNER® professional Anne Graham, principal …

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Advice for the sandwich generation

Advice for the sandwich generation Many people approaching retirement with elderly parents and adult children are feeling the pressure on their time and finances. Find out why it’s important to put your own wellbeing first. Thanks to the twin trends of growing life expectancy and rising house prices, more and more people are finding themselves joining the ranks of the sandwich generation. Recent estimates put the number of Australians in the sandwich generation at more …