Blog: Pre-Retirees

Blog: Pre-Retirees

The basics of interest rates.

13 October 2017 - posted in Investment Markets and Pre-Retirees and Retirees by Sam Martin

Interest rates are very important for many Australians, and rightly so – after all, whether it's the returns on savings accounts or mortgage repayments, the rate of the day can have a significant impact on the household budget for millions of Australians. So what influences interest rates, and why are they changed?

Insurance tips for Small Business owners

5 October 2017 - posted in Insurance and Pre-Retirees by Craig Kirkwood

Over 80% of the actively trading businesses in Australia have 0-4 employees*. This means that many businesses are heavily reliant on their principal owners or key people to keep the business operating.

The 10 Commandments to better wealth

18 September 2017 - posted in Pre-Retirees and Retirees by Brenton Miegel

I read an excellent article from Marcus Padley (Marcus Today) recently and thought I would share a paraphrased version of it. It offered 10 Commandments of equity investing for new investors:

How can I pay for my Aged Care Accommodation Costs?

13 September 2017 - posted in Aged Care and Pre-Retirees and Retirees by Matt Kelly

Not everyone has to pay to enter residential aged care, but if you are like most people and have assets or income of some sort (whether that’s from investments, superannuation, or rent from your home), you will need to contribute toward the cost of your care.

The new (and more dangerous) Lay-by…

8 September 2017 - posted in Pre-Retirees and Retirees by Michelle Sanchez-McCallum

You’re a self-confessed shop-a-holic. You see that pair of Manolo Blahniks you’ve been obsessing about on the sale table. It’s fate. What else could it be?

Centrelink’s Granny Flat rules can help you.

1 September 2017 - posted in Aged Care and Government Benefits and Pre-Retirees and Retirees by John Oliver

A granny flat right is established when accommodation is provided in exchange for a payment or a transfer of assets. It is important that Centrelink has provisions for people to transfer assets or make payments to live with another person so that the transfer is not counted as a gift under the deprivation of asset rules.

More red tape for property buyers and sellers!

31 August 2017 - posted in Pre-Retirees and Retirees by Will Chapman

A little known technicality is making it harder to transact a property following some July 1, 2107 rule changes by the ATO for properties selling for more than $750,000.

It’s Financial Planning Week!

21 August 2017 - posted in Pre-Retirees and Retirees by Brenton Miegel

The Financial Planning Association actively promote Financial Planning Week annually – and it’s this week!

It’s a scam! How to identify, avoid and report financial scams

18 August 2017 - posted in Pre-Retirees and Retirees by Lachlan Harvey

On our regular 5AA radio talkback session this week, Sam Martin and I were sharing some alarming statistics about scams.

Super Contributions and Tax Deductions

2 August 2017 - posted in Pre-Retirees by Craig Kirkwood

In my previous article, I provided a brief overview of the superannuation changes coming in to effect from 1 July 2017. This article provides a more in depth look at the changes to the rules for making a concessional (before-tax) super contribution.

Choosing your Charity

14 July 2017 - posted in Pre-Retirees and Retirees by Will Chapman

We speak with clients constantly about their philanthropic pursuits and in doing so hear about lots of different charities supporting incredibly diverse causes.

Funding Aged Care for a spouse

4 July 2017 - posted in Aged Care and Government Benefits and Pre-Retirees and Retirees by Matt Kelly

There are 4 possible costs associated with a move into residential aged care, with 2 of those based on a person’s income and assets (refundable accommodation deposit (RAD) and means-tested care fee).

Artificial Intelligence: Will the Entire Population Retire by 2030?

29 June 2017 - posted in Pre-Retirees and Retirees by Michelle Sanchez-McCallum

I always encourage people to start retirement planning as early as possible, but this might be taking it a little too far.

Transition to Retirement – still a worthwhile strategy?

20 June 2017 - posted in Pre-Retirees and Retirees by John Oliver

The Transition to Retirement (TTR) strategy was introduced many years ago with a number of benefits in mind. It allowed people to be able to access their superannuation (via a TTR account-based pension) while still working, thereby generating additional income.

Life Insurance in Australia is changing!

16 June 2017 - posted in Insurance and Pre-Retirees by Craig Kirkwood

Life Insurance in Australia is undergoing a silent revolution. A small handful of insurers have finally understood that they should be acknowledging, and rewarding people who are actively engaged in their own health and wellbeing.

Are you more biased than the average?

9 June 2017 - posted in Pre-Retirees and Retirees by Lachlan Harvey

About 40 years ago the psychology research of Daniel Kahneman and Amos Tversky changed the world's understanding of the human mind forever. It also changed our understanding how people make investment decisions.

6 Financial Planning Myths - Busted!

1 June 2017 - posted in Pre-Retirees and Retirees by Brenton Miegel

We live in an era where the internet offers us an ‘answer’ to nearly everything in life. Whether it be Dr Google, renovating a dining suite, MasterChef-worthy meals or craft; there is generally a You Tube clip or internet reference that we can go to.

The life of a farmer

25 May 2017 - posted in Pre-Retirees and Retirees by Will Chapman

Having heralded from a family of SA farmers going back generations, I've been lucky enough to enjoy the best of both worlds between the city and country.

Funding the cost of Residential Aged Care

12 May 2017 - posted in Aged Care and Government Benefits and Pre-Retirees and Retirees by Matt Kelly

Placing a parent or loved one into an aged care facility can be a stressful and distressing time for a family. It is not a pleasant financial experience either!

Could you, Would you Downsize?

4 May 2017 - posted in Pre-Retirees and Retirees by Michelle Sanchez-McCallum

It feels like just yesterday we were taking in the many proposed changes to the superannuation system from the 2016 Federal Budget.

Reverse Mortgages – Good or Bad?

11 April 2017 - posted in Pre-Retirees and Retirees by John Oliver

Reverse Mortgages have become increasingly popular in recent years. But are they an appropriate strategy for retirees?

Five things nobody tells you about retirement!

7 April 2017 - posted in Pre-Retirees and Retirees by Brenton Miegel

Most retirement conversations that I have with clients tend to focus on the financial aspects – understandable given my role as a financial planner.

Accessing super to buy a first home- is that REALLY the smartest option?

4 April 2017 - posted in Investment Markets and Pre-Retirees and Retirees by Sam Martin

Recently we have seen some organisations and politicians promoting the idea of first home buyers being able to dip into their superannuation to fund the purchase of a home.

One simple trick that could save thousands!

27 March 2017 - posted in Pre-Retirees and Retirees by Lachlan Harvey

If you have children and a super fund there is at least some possibility that you might leave some of that super money to your children when you die.

Super is changing, are you ready?

24 March 2017 - posted in Pre-Retirees and Retirees by Craig Kirkwood

Hot on the heels of the Centrelink reforms, a series of major new superannuation and pension rules will come into effect 1 July 2017. With only a few months left of this financial year, it is timely to consider what the changes could mean for you.

Understanding housing affordability

10 March 2017 - posted in Pre-Retirees and Retirees by Will Chapman

Since the Howard Government introduced the First Home Buyers Grant nearly 17 years ago, first home buyers (FHBs) have been dominating property headlines with the ever challenging housing affordability issue. As those FHBs back in 2000 are now on their second and third homes, this is not a new issue.

Australia’s Aged Care System - navigating the minefield

1 March 2017 - posted in Aged Care and Pre-Retirees and Retirees by Matt Kelly

Quite often, the decision as to whether a loved one needs to access the Aged Care System in Australia is taken out of the hands of families.

Left vs Right Brain investing

23 February 2017 - posted in Investment Markets and Pre-Retirees and Retirees by Michelle Sanchez-McCallum

You may have heard the theory about the left vs right brain and how it affects our interests, the way we think, feel, make decisions and learn. But what about the way we invest?

Know your limits when it comes to super changes

15 February 2017 - posted in Pre-Retirees and Retirees by John Oliver

There are some big changes happening to the superannuation system on the 1st July this year and now that legislation has been passed we have a lot more clarity.

Should I transfer my assets before my death?

10 February 2017 - posted in Pre-Retirees and Retirees by Brenton Miegel

As a professional financial planner, I am always encouraging my clients to have well considered and professionally drawn up estate planning documents.

Contributing to Super? You’d better think about the timing.

19 January 2017 - posted in Pre-Retirees and Retirees by Will Chapman

In less than 6 months, a big window of financial opportunity will get smaller. From July 1, Superannuation non-concessional contributions cap will nearly halve from $180,000 to $100,000 per annum.

A man is not a financial plan!

1 December 2016 - posted in Insurance and Pre-Retirees and Retirees by Michelle Sanchez-McCallum

Did you know that 22% of married women outlive their husbands by more than 7 years?

The Gen Y dilemma

25 November 2016 - posted in Pre-Retirees and Retirees by John Oliver

Many people in their latter working years and nearing retirement still have their adult children living with them. I am in that position myself.

Super SA members to lose Salary Sacrifice benefits

18 November 2016 - posted in Pre-Retirees and Retirees by Lachlan Harvey

In July 2017 Super SA members are expected to lose a major benefit of being in that fund.

OBSERVATION: The US Election and the News headlines

11 November 2016 - posted in Investment Markets and Pre-Retirees and Retirees by Sam Martin

What a ride we have seen in the world markets over the recent US election. Every financial commentator was throwing their 2 cents worth in and then some.

The Chinese Traveller

28 October 2016 - posted in Pre-Retirees and Retirees by Will Chapman

Apparently only around 4% of the Chinese population have passports according to an Asian investment guru at Macquarie Bank. Compared to other western countries such as the US where the passports per population is more in the 30 -40% range.

When the importance of Risk Protection gets personal

21 October 2016 - posted in Insurance and Pre-Retirees by Craig Kirkwood

I wanted to introduce you to a colleague of mine - Susie. Earlier this year, Susie was diagnosed with breast cancer and following surgery, a number of weeks away from the office and follow up tests she has been able to return to work.

Can our kids be more financially prepared for retirement?

14 October 2016 - posted in Pre-Retirees by Brenton Miegel

You want your children to have the best future possible. And that means teaching them good savings habits that will pay off when they’re older.

Active vs Passive funds management

7 October 2016 - posted in Investment Markets and Pre-Retirees and Retirees by Sam Martin

I turn my computer on today and see another article debating the merits of using active fund managers when on the whole they struggle to beat their respective index.

The lowdown on Investment Bonds

5 October 2016 - posted in Pre-Retirees and Retirees by Craig Kirkwood

After 30 June 2017 it is likely that the concessional contribution cap (amounts put in to super before tax) will be reduced to $25,000, including Super SA members who previously benefited from an uncapped limit.

Some awkward Super changes have been scrapped

23 September 2016 - posted in Pre-Retirees and Retirees by Will Chapman

In our recent Retirement seminars, the conversation among attendees inevitably heads towards scandalous, successive governments wanting to stick their fingers in that fabulous pot of honey, our Super.

Don’t eat the cake mix!

15 September 2016 - posted in Pre-Retirees and Retirees by Lachlan Harvey

A Self Managed Super Fund trustee has been slapped with a $40,000 fine for using his SMSF as his personal ATM, making withdrawals from his preserved superannuation account.

By failing to prepare, you are preparing to fail…

12 September 2016 - posted in Insurance and Pre-Retirees and Retirees by Will Chapman

Succession planning is a topic that is often only considered once it's too late; by that I mean the business owner wants to get out suddenly, or worse, has passed away and the business is dragged through the probate process.

Redundancy – misfortune or opportunity?

30 August 2016 - posted in Pre-Retirees by John Oliver

It can be an unfortunate situation for many people who are facing the prospect of being made redundant. As advisers we are currently noticing much more activity in this area of advice than normally.

Superannuation - which fund is right for me?

26 August 2016 - posted in Pre-Retirees and Retirees by Brenton Miegel

Superannuation has become a very hot topic in recent times – particularly given some significant changes that are proposed from the May 2016 budget.

Unpaid Superannuation Contributions

19 August 2016 - posted in Pre-Retirees by Sam Martin

If you are an employee and earn more than $450 gross per month and are over 18 years of age or under 18 years of age and work over 30 hours per week your employer is required to contribute 9.5% of your salary into superannuation.

The Age Pension paradox

12 August 2016 - posted in Government Benefits and Investment Markets and Pre-Retirees and Retirees by Lachlan Harvey

The more you save, the better your lifestyle in retirement. …or at least that’s the conventional wisdom.

Let’s get producing….Seriously

29 July 2016 - posted in Pre-Retirees and Retirees by Will Chapman

I was recently at a serious fund manager briefing full of serious people addressing serious matters. It was all very serious. Until the serious presenter gave a less than serious overview about a more than serious issue, arguably even sinister.

Why rebalancing is important

19 July 2016 - posted in Investment Markets and Pre-Retirees and Retirees by John Oliver

It is commonly known that the biggest influence on your investment returns is your portfolio’s asset allocation. That is to say the proportion of shares, property and cash that make up your portfolio will determine its performance more than anything else.

When is the right time to get advice?

13 July 2016 - posted in Insurance and Pre-Retirees and Retirees by Brenton Miegel

I’m often asked “when is the right time for me to obtain financial advice?”. As a rule, my response is that it’s never too early and never too late to seek the advice of a professional financial adviser.

It’s official - The Robots Are Coming!

8 July 2016 - posted in Investment Markets and Pre-Retirees and Retirees by Lachlan Harvey

I keep reading that we are all at risk of losing our jobs through robots and automation.

A Will isn’t always the way….

1 July 2016 - posted in Pre-Retirees and Retirees by Craig Kirkwood

Everyone should have a Will, and it’s even more important if you have children, investments or you own a business. However, a Will is not the only consideration to ensure your wealth is passed correctly to your loved ones.

Eeny, meeny, miny, moe - we take the guess work out of Super funds

17 June 2016 - posted in Pre-Retirees and Retirees by Will Chapman

Since 1986, there has been an entertaining slinging match between the superannuation behemoths of Industry Super funds, Retail Funds and Employer funds as to which option is best at looking after our collective retirement benefits in what is Australia's greatest financial honeypot.

The Interest Rate dilemma

10 June 2016 - posted in Investment Markets and Pre-Retirees and Retirees by John Oliver

It is a difficult time for retirees at present with interest rates as low as they have ever been. With the cost of living rising every year, most are wondering how they can support their retirement capital if returns are less than what they need to drawdown. For the purpose of this article I have excluded any reference to additional age pension benefits.

Can you afford NOT to get financial advice?

3 June 2016 - posted in Pre-Retirees and Retirees by Brenton Miegel

If you’re looking to invest or plan for the long-term, whether or not you need financial advice will depend on a number of factors. These include: how complicated your finances and personal circumstances are, what investments you are looking for and your short and long-term goals.

Retrospective - what does it mean?

27 May 2016 - posted in Pre-Retirees and Retirees by Sam Martin

Since the May 2016 federal budget the word retrospective has come up quite a bit so I thought I would talk about retrospective changes in relation to superannuation, what it means and why it is treated with such contempt.

Investing in a low interest rate environment

20 May 2016 - posted in Investment Markets and Pre-Retirees and Retirees by Craig Kirkwood

At the beginning of this month the RBA cut the cash rate to 1.75% and slashed its forecast for inflation from 2-3% to 1-2%. Markets are now betting that interest rates will be cut again to 1.5% by October 2016.

The key to claiming Tax Deductions for Super Contributions

13 May 2016 - posted in Pre-Retirees and Retirees by Lachlan Harvey

Here’s a strategy that could save many people thousands of dollars but is often overlooked. You might be aware that self employed people can claim a tax deduction on their super contributions.

Frozen in Self Managed Super

6 May 2016 - posted in Pre-Retirees and Retirees by Will Chapman

Disney's Frozen song "Let it go" was never written with superannuation in mind but ironically can be applied to SMSF's with frozen funds.

Reducing the capital gains tax hit

29 April 2016 - posted in Pre-Retirees and Retirees by John Oliver

I would receive many calls throughout the year from clients or other general enquirers who have either sold properties or shares and want to know how they can reduce their capital gains tax liability at the end of the financial year.

Tips & Tricks for Direct Property investment

22 April 2016 - posted in Pre-Retirees and Retirees by Brenton Miegel

As a financial planner I’m asked regularly about the benefits of investing in direct property as part of an overall wealth creation strategy.

Commonwealth Seniors Healthcare Card - the silver lining to the Jan 2017 Asset Test changes

15 April 2016 - posted in Government Benefits and Pre-Retirees and Retirees by Sam Martin

From 1 January 2017 many retirees will lose access to the Age Pension due to CentreLink’s Assets Test changes. One very thin silver lining to all of this is that those who lose the Age Pension will automatically receive the Commonwealth seniors health card (CSHC).

Centrelink Asset Test change winners

24 March 2016 - posted in Government Benefits and Pre-Retirees and Retirees by Will Chapman

The new assets test changes from January 1 have been broadly communicated as affecting Age Pensioners which it certainly does for better and worse, mostly worse...

The real value of Financial Advice

18 March 2016 - posted in Pre-Retirees and Retirees by John Oliver

There is no doubt that making smarter financial decisions leads to better outcomes. Good planning starts with putting your financial house in order, but most people find that difficult to do.

The power of compounding

10 March 2016 - posted in Pre-Retirees and Retirees by Brenton Miegel

When investing funds for the long-term, particularly outside of superannuation, the question often arises “do I take the interest payments, or let it compound?”.

Negative gearing - what is it?

26 February 2016 - posted in Investment Markets and Pre-Retirees and Retirees by Lachlan Harvey

Negative gearing has been in the news a lot of late. It’s shaping up to be one of the hot topics of 2016 as both sides of politics consider it as an area for potential reform.

Can you stomach the slump?

10 February 2016 - posted in Investment Markets and Pre-Retirees and Retirees by Will Chapman

I first learned of Peter Lynch from his book One up on Wall Street 16 years ago and I then sought his other book Beating the Street.

Don’t fear Super changes

3 February 2016 - posted in Investment Markets and Pre-Retirees and Retirees by John Oliver

The sharemarket downturn in the first few weeks of this year has to some degree taken the spotlight away from the constant speculation about possible future changes to superannuation and how it will be taxed

Independent - what does it really mean?

22 January 2016 - posted in Pre-Retirees and Retirees by Brenton Miegel

Goldsborough Financial Services is a financial planning practice that we can once again say is "independently owned"! Since its inception in the 1990s the ownership structure of Goldsborough has seen some changes, but with a consistent thread - some of the people who work in the business also own the business.

You can’t take it with you!

15 January 2016 - posted in Pre-Retirees and Retirees by Sam Martin

A new CSIRO study shows many Australians are retiring with a modest lifestyle resulting in them leaving behind a significant nest egg for others to enjoy after they die. This is an interesting study and raises two discussion points in my mind.

The importance of TPD Insurance

11 December 2015 - posted in Insurance and Pre-Retirees by Craig Kirkwood

Total and permanent disablement (TPD) is your financial back-up plan. It gives you the confidence to seize life's possibilities knowing you've made plans to secure your family's financial future... just in case!

DIY Wills - more hassle than they are worth?

3 December 2015 - posted in Pre-Retirees and Retirees by Brenton Miegel

DIY Wills are often a free or low-cost way for people to get their estate planning affairs in order.

War of the Roses

30 November 2015 - posted in Government Benefits and Pre-Retirees and Retirees by Will Chapman

Whether it's the 1980's book or the movie, the War of the Roses tells the story of a couple who grapple with marriage separation and make each other miserable by both refusing to move out of the family home.

Gone fishing….

23 November 2015 - posted in Investment Markets and Pre-Retirees and Retirees by Will Chapman

The best fisherman I ever met was a Greek octopus fisherman when I was living in Europe. No fancy boats or fishing tackle; he just had a dinghy, a length of fishing line and a rock covered in alfoil.

Are my extra payments better in Super or my Mortgage?

18 November 2015 - posted in Investment Markets and Pre-Retirees by John Oliver

I am very often asked “is it better to pay more into my mortgage or put more into super?"

Redundancy – a blessing or a curse?

10 November 2015 - posted in Government Benefits and Investment Markets and Pre-Retirees by Brenton Miegel

I was taught at a very young age that there are two things that are certain in life – death and taxes! Something I have learned as a financial planner is that, whilst not a “certainty”, redundancies happen on an all too frequent basis.

RBA keeps rates on hold

4 November 2015 - posted in Investment Markets and Pre-Retirees and Retirees by Sam Martin

On the first Tuesday of the month the RBA board meets to decide whether interest rates are going to move up or down or remain unchanged, the board meeting in November always coincides with the Melbourne cup.

Age Pension Changes - The Retirement Squeeze is Real!

29 October 2015 - posted in Government Benefits and Pre-Retirees and Retirees by Lachlan Harvey

For retirees I can't remember a time where legislation has conspired to create a more difficult environment to plan one's retirement. The squeeze is coming from all directions but particularly the ability to receive an Age Pension. The changes are happening gradually so year on year we hardly notice but between 2015 and 2017 major changes will be taking place.

Lost Super - reclaim what’s yours

23 October 2015 - posted in Pre-Retirees and Retirees by John Oliver

It is staggering to think that there is nearly $20 billion dollars sitting in 3.5 million lost super accounts in Australia waiting for the owners to reclaim what is rightfully theirs!

Rational vs Emotional investing

20 October 2015 - posted in Investment Markets and Pre-Retirees and Retirees by Brenton Miegel

The past six months or so have tested the patience of the most seasoned investors.

Thanks for the journey!

30 September 2015 - posted in Government Benefits and Insurance and Investment Markets and Pre-Retirees and Retirees by Brenton Miegel

This week it marks a significant milestone for me as a planner.

Insurance - like buying an umbrella on a sunny day

11 September 2015 - posted in Insurance and Pre-Retirees and Retirees by Craig Kirkwood

As with any type of insurance the decision to put cover in place is a personal one.

Are Aussies in their 30’s getting the financial raw prawn?

2 September 2015 - posted in Insurance and Investment Markets and Pre-Retirees by Will Chapman

The Actuaries Institute is presenting a report that suggests they could be!

How to survive a fall

26 August 2015 - posted in Investment Markets and Pre-Retirees and Retirees by John Oliver

Wow, what a rollercoaster ride the past couple of weeks have been in world sharemarkets. Making sensible decisions while we are anxious and emotional is always a challenge.

Shoot & Score! What are your retirement goals?

19 August 2015 - posted in Government Benefits and Pre-Retirees and Retirees by Brenton Miegel

As a financial planner I receive a lot of information via email or snail mail. Every so often something catches my eye and a little extra time is taken to read through and understand what it's about.

What is causing the recent market volatility?

17 August 2015 - posted in Investment Markets and Pre-Retirees and Retirees by Sam Martin

One of the drivers last week was the action taken by China’s central bank. They devalued their currency by 2% last Tuesday and then another 1.6% last Wednesday.

Financial abuse of the elderly - more common that you think!

14 August 2015 - posted in Pre-Retirees and Retirees by Lachlan Harvey

Financial abuse of the elderly is more common than you may think.

Can you afford NOT to have Travel Insurance?

24 July 2015 - posted in Insurance and Pre-Retirees and Retirees by Will Chapman

Dreams of travelling can keep the mind busy for hours. One day I'll find a statistic that estimates what percentage of our lives are spent daydreaming of such things, be it a short trip to the Barossa Valley or swanning through Bordeaux... Much of my time with clients is spent discussing travel and importantly, how to fund it!

Dying Intestate (without a Will) can be problematic!

23 July 2015 - posted in Pre-Retirees and Retirees by Brenton Miegel

As a financial planner I reckon that every other person (couple) that I see does not have a valid Will – or a Will at all for that matter!!

Invest gradually to reduce the risk

15 July 2015 - posted in Investment Markets and Pre-Retirees and Retirees by John Oliver

Given the significant volatility in world sharemarkets over the past few years and given what is happening in Greece (and China), it is not surprising that investors would feel nervous about investing larger sums of money, such as accumulated retirement savings, inheritances or other windfalls.

Thinking of cashing in your investments? Consider your options

3 July 2015 - posted in Investment Markets and Pre-Retirees and Retirees by Sam Martin

Thinking of cashing up? There are implications that come from selling units in your investment, especially in volatile markets.

Sequencing Risk - what can you do about it?

26 June 2015 - posted in Investment Markets and Pre-Retirees and Retirees by Lachlan Harvey

How much risk should you take with your retirement income investments? Here is a great illustration to help you develop a deeper understanding of “sequencing risk.”

Changes to Workers Compensation

19 June 2015 - posted in Insurance and Pre-Retirees by Craig Kirkwood

If you are relying on the Workers’ Compensation scheme as adequate cover against becoming disabled, you may be compromising the financial wellbeing of your family.

The real value in establishing good spending habits

5 June 2015 - posted in Government Benefits and Pre-Retirees and Retirees by John Oliver

While many of today's workers will be in the workforce for at least 40 years some recent studies have revealed that our income growth does not always occur on a steady incline throughout our working careers.

Do low fees really provide a better retirement outcome?

29 May 2015 - posted in Investment Markets and Pre-Retirees and Retirees by Brenton Miegel

As a financial planner I read a multitude of articles in the printed press and on-line. Some of this relates to ongoing professional development, whilst other times it is more “general interest”.

The inside story on the proposed Asset Test changes - Budget 2015/2016

26 May 2015 - posted in Government Benefits and Investment Markets and Pre-Retirees and Retirees by Lachlan Harvey

Here’s a scenario that has had me puzzled since the 2015 Federal Budget outlined massive changes to the Age Pension Asset Test.

Are you redeeming Workcover?

22 May 2015 - posted in Government Benefits and Insurance and Investment Markets and Pre-Retirees by Will Chapman

Changes to the legislation regarding Workcover SA entitlements on July 1 2015 mean that many people are considering taking a Redemption payment, which is essentially a lump sum payment to finalise the Workcover process.

Do you REALLY need a SMSF?

12 May 2015 - posted in Investment Markets and Pre-Retirees and Retirees by Will Chapman

In a recent conversation with one of Australia's leading SMSF experts, I was advised that nearly a quarter of Self Managed Super Funds have less that $200,000 in value.

Increasing insurance premiums within employer Super

6 May 2015 - posted in Insurance and Pre-Retirees by Craig Kirkwood

My last article discussed a change in the definition to the Total and Permanent Disability (TPD) with a number of industry funds with their group insurance policies. The recent changes mean that a member is now required to be ‘unable to ever work in any paid employment again’.

How much is enough?

27 April 2015 - posted in Government Benefits and Investment Markets and Pre-Retirees by John Oliver

I have read some articles in recent newspapers that have indicated that $1 million is now not enough to retire and provide a comfortable income.