Money & Life – Work & Retirement

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 attention of their pre-retirement clients so they can help them make the transition. Chris Giaouris, CFP® and principal advisor at Chronos Private says the main points …

FinancialPartners 16/07/2018 20/08/2018 Blog / FP - Pre - Retirement Planning / FP - Retirement / Money & Life - Work & Retirement / Money & Life by FPA Are you mentally ready for retirement? / Centrelink benefits / income / income for retirement / Lifestyle / mental / Mental preparation / mentally ready for retirement? / preparation / Retirement / retirement lifestyle

Superannuation stumbling blocks

Superannuation stumbling blocks What’s stopping you from saving for a retirement you can really look forward to? Take a look at these four common barriers to saving more super and make a plan for having all your goals and financial priorities in order. 1. Enjoying life to the full Living for the moment is something that may come very naturally to you. Perhaps you’ve always been comfortable living month to month on your salary, seizing …

FinancialPartners 12/07/2018 20/08/2018 Blog / FP - Pre - Retirement Planning / FP - Super - Accumulation / Money & Life - Work & Retirement / Money & Life by FPA blocks / Debt / Doing away with debt / Enjoying / Enjoying life to the full / I’ll never have enough / Kids / Kids come first / life to the full / never enough / stumbling / superannuation / Superannuation stumbling blocks

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 the stress of practising law full time. Creating such a unique practice resulted in her being invited to present to the NSW Law Society in …

FinancialPartners 10/07/2018 20/08/2018 Blog / FP - Retirement / Money & Life - Work & Retirement / Money & Life by FPA are doing it for themselves / busy / Horses for courses / Job hunting / Job hunting for the over-50s / over-50s / retire / Retire busy / seniors / Seniors are doing it for themselves / Silver foxes

What to consider when making a sea change

What to consider when making a sea change Retirement is a major life change, as is moving to a new place when you retire. Even though you might have previously visited the area you plan to go to, it may have been during a holiday, which is not a realistic test of what living in the area permanently will be like. Lacey Filipich is a Perth-based independent financial educator. Through her business, Money School, she …

FinancialPartners 07/07/2018 20/08/2018 Blog / FP - Pre - Retirement Planning / Money & Life - Work & Retirement / Money & Life by FPA afford / best locations / Financial / Get your financial house in order / house in order / Lifestyle / making a sea change / sea change / seachange / Try before you buy / what can you afford / What to consider / What to consider when making a sea change

Philanthropy – not just for millionaires. A win for your health!

Philanthropy – not just for millionaires. A win for your health! You don’t have to be Mark Zuckerberg or Bill Gates to be a philanthropist or to enjoy the benefits of altruism. Even if you don’t have much money to spare, you might make a bequest in your will for your favourite charity or other causes you believe in. You could also lend your time, knowledge or expertise to a worthy charity, or donate items …

FinancialPartners 06/07/2018 20/08/2018 Blog / Money & Life - Work & Retirement / Money & Life by FPA donating / donating items / Greater happiness / Health / Increased self-esteem / Less depression / levels / longer life / Lower blood pressure / Lower stress / millionaires / not just for millionaires / Philanthropy / Philanthropy – not just for millionaires / Volunteer / win for health

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 less tax all in one go. What is salary sacrificing to super? In very simple terms, salary sacrificing into super means paying an amount from …

FinancialPartners 06/07/2018 20/08/2018 Blog / FP - Pre - Retirement Planning / FP - Retirement / Money & Life - Work & Retirement / Money & Life by FPA A lot less painful than it sounds / annual cap / annual cap for pre-tax contributions / Can you afford / contribution / Does your employer offer salary sacrificing / Expert help / financial goals / Money / money tied up until retirement / Pre Tax / Retirement / sacrifice / sacrificing / salary / salary sacrifice / Salary sacrifice: A lot less painful than it sounds / super / Super Guarantee / Things you should be aware of / tied up / Until / What are the benefits / What is / What is salary sacrificing / What is salary sacrificing to super?

A financial planner’s guide to preparing for retirement

A financial planner’s guide to preparing for retirement Planning for retirement can start at any time, the earlier the better, but often it gets left until people are in their fifties and actually approaching retirement age. We asked James McFall of Yield Financial Planning for some tips on making the most of your final years as a wage earner. What does pre-retirement look like? Pre-retirement is widely recognised as being around 50 to 65 years of age, …

FinancialPartners 30/06/2018 20/08/2018 Blog / FP - Pre - Retirement Planning / FP - Retirement / Money & Life - Work & Retirement / Money & Life by FPA A financial planner’s guide to preparing for retirement / Financial / financial planner’s guide / Guide / How can a financial planner help / never too late / Planners / pre-retirement / Preparing / preparing for retirement / Retirement / Should extra funds be put to reducing debt / So it’s never too late / What does pre-retirement look like

Turning redundancy into retirement

Turning redundancy into retirement When voluntary redundancy is on the table, taking a severance package and early retirement can be very appealing. But is it the right decision for you? We talked to CERTIFIED FINANCIAL PLANNER® professional Anne Graham, principal financial planner at Sigma Wealth, about what you need to consider when looking at voluntary redundancy as an early retirement strategy. What should you think about when you’re offered redundancy, regardless of your age? When …

FinancialPartners 28/06/2018 20/08/2018 Blog / Money & Life - Work & Retirement / Money & Life by FPA age / OFFER / Redundancy / Retirement / retirement age / turning / Turning redundancy into retirement / voluntary / voluntary redundancy offer

Laterpreneurs: Taking on encore careers

Laterpreneurs: Taking on encore careers Once upon a time, people went out, got a job and stayed there for the rest of their working lives. But “a job for life” is no longer an option for most working Australians. Changing careers, going out on your own and pursuing a dream to become self-employed has become the reality for many. The amount of co-working spaces that have opened up in major cities is evidence that more …

FinancialPartners 23/06/2018 20/08/2018 Blog / Money & Life - Work & Retirement / Money & Life by FPA Age Pension / Business / Careers / Don’t quit your day job / encore / encore careers / Exit strategy / Job satisfaction / Laterpreneurs / Laterpreneurs: Taking on encore careers / Marketing / Marketing your business / super / superannuation / Taking on encore careers / Write a business plan

What it means to retire and live the dream

What it means to retire and live the dream When you’re no longer working and chasing dollars, you may have a different perspective on what you value most about your life. Take a look at how our current generation of retirees measure their success and what “living the dream” means to them. “Living the dream” in retirement? How likely are retirees to be “living the dream” Just 22% of boomers are living the dream compared with 27% of …