Question: I have been left a sizable inheritance and I’m unsure what to do; add to my super, pay down my mortgage, or pass on the money to my kids.
When retiring, we need to understand certain risks, that if not properly managed, could impact our retirement lifestyle and the money left to live on in later years. One of these risks is inflation risk.
A share market downturn can sometimes make even the most experienced investor feel uneasy. When you’ve worked hard for your money, seeing a drop in the value of your investments can be tough.
Successful investing is as much about mindset as it is strategy. Avoiding rash decisions and revisiting the ‘golden rules’ of investing can often help with staying calm and confident.
To be eligible to access your superannuation, you must be able to meet a specified condition of release.
Retirees will often experience three chapters as they progress through their retirement years: the early (active), middle (passive/sedentary) and late (frail/support) chapters.
According to research, many older Australians say they prefer to remain in their current accommodation, compared with moving into specialised care.
New super rules introduced in November 2021, mean employees will automatically keep the same superannuation fund when they switch jobs, unless they actively nominate a new fund.
For many, retirement is that time in life when thoughts turn to enjoying life without the drag of having to go to work to keep food on the table.
One of the questions that is regularly asked relates to how superannuation is dealt with on a person’s death.
It’s often the case that people seek financial advice when there’s a major change in their life like buying a home, growing their family, inheriting money or retiring.
A new financial year can be an opportune time to make sure you are on track to achieve your financial goals and objectives.
There are contribution eligibility considerations to be mindful of when contributing to superannuation.
When it comes to making a financial decision, we can experience considerable cognitive pressure - especially when the financial decision is complex and time-sensitive. Cognitive pressure coupled with our cognitive biases and emotions, can impact our ability to make a financial decision.
Age Pension aims to ensure older Australians can meet a minimum standard of living in retirement. It’s a safety net for those who don’t have enough super or other financial resources behind them to generate a reasonable minimum retirement income.