Scaling down to retirement – tips and tricks

Scaling down to retirement – tips and tricks If you were scaling down to retirement, what would it mean to you? Would you draw a line in the sand where one day you’re working full-time and the next day a whole new world of recreation opens up to you? Or would you gradually reduce paid work and swap it for travel, hobbies, looking after the grandchildren or other things? I was speaking to a good …

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 …

How much super should I have at my age?

How much super should I have at my age? We look at the average super balances for different age groups in Australia so you can see how your super savings compare. A healthy super balance can be a key ingredient in being able to live the life we want in retirement. But for many people, retirement is a long way off, and it can be hard to know if your super is on track. If you’ve …

Separating fact from fiction when it comes to superannuation

Separating fact from fiction when it comes to superannuation If you’re wondering whether super is improving retirement outcomes for Australians, we take a look at some of the findings. If you’ve got compulsory super contributions coming out of your wages or salary, or you’re making voluntary contributions, or both, you’re probably keen to know how super is making a difference to everyday Aussies, if at all, given it’s a system that has now been in …

What is the retirement age in Australia?

What is the retirement age in Australia? With no definitive retirement age in Australia, the date you exit the workforce will probably come down to personal circumstances and whether you can afford it. The age you retire in Australia isn’t set in stone. You can really retire whenever you want to, but health, financial commitments and your ability to fund the lifestyle you want will play a big part. For this reason, you may want …

Money mistakes people make in their 50s and 60s

Money mistakes people make in their 50s and 60s Avoid these common money traps to make sure you have enough put aside for a comfortable retirement. When you’re in your 50s and 60s, you know you’ve worked long and hard for what you’ve achieved in life and probably have a fair idea of how you want to live in your future retirement. But it’s important not to become complacent and ignore the warning signs of …

What’s your debt age now?

What’s your debt age now? The types of debt we have largely depends on our age and stage in life. For most of us, having debt in some form or another is an inescapable fact of life. And despite its reputation, debt is not necessarily a dirty word. If managed well, it can be a powerful tool to build wealth, and good debts, such as those used to invest in an asset which increases in …

Are you prepared for the changes to the Age Pension assets test?

Are you prepared for the changes to the Age Pension assets test? How the assets test will work in 2017 could increase your Age Pension entitlements, or take some or all of them away. With revisions to the Age Pension assets test just around the corner, it’s important to understand how the changes could impact you, particularly with part-pension thresholds somewhat tighter than initially projected. These thresholds are the value of assets you can own …

Changes to the Age Pension assets test

  Changes to the Age Pension assets test The government’s recent changes to the Age Pension could affect your ability to plan for a comfortable retirement. Recent reports[1] suggest that more than 300,000 Age Pensioners will have at least part of their pension cut, with just under 100,000 of these people losing all Age Pension entitlements, taking effect from January 2017.  The Age Pension and assets test explained The Age Pension provides income support and …

Planning your future: What to expect

  Planning your future: What to expect Having the chance to take a step back for a moment and look at things from a fresh perspective can be a great advantage, especially when it comes to planning your financial future. Our 7 step process What information will you need prior to meeting us? What will you receive? Our 7 step process When you meet with our financial planners we will take you through a 7 …