When thinking about the future, what do you want to see for yourself? For example, do you want to be financially independent, free of debt and living a comfortable lifestyle in your retirement years?
Retirement can mean different things to different people, however, when it comes to retirement and retirement intentions, there can be common threads.
When it comes to estate planning, approximately 45% of Australians pass away intestate.
A new financial year can often bring about change. For example, existing rates and thresholds can increase (or decrease), and new legislation can take effect.
In times of increased market volatility, it’s important to remember that no one asset or type of asset provides the best performance over all time periods. They tend to rise and fall at different times depending on economic, political and market factors. It can be extremely difficult to pick the top or bottom of a market cycle.
Ensuring your affairs are in order before your passing is an integral part of estate planning. Given this, it’s vital to understand that your super death benefit isn’t necessarily distributed via your Will.
Ensuring your affairs are in order before your passing is an integral part of estate planning. There are several types of super death benefit nominations, for example a non-binding nomination and a binding nomination. These two types of nominations can be used in both the retirement phase and the accumulation phase. However, there is another type of nomination, a reversionary nomination, which is available on income streams.
Following on from last month's blog, see part two of the two part series.
Leading up to the 2019 festive, a number of Bills passed the parliamentary process and became Acts (legislation).
The Government's Age Pension remains a vital source of income for many older Australian's in retirement. There are many rules that need to be met by older Australians to qualify to receive the Age Pension, in part or full.
In our article, ‘Ageing and health status in retirement: The three chapters’, we discussed the different chapters that you will experience as you make your way through life.
Think a mini-retirement sounds like a pipe-dream? If you daydream about having the time and energy to get through your bucket list while you’re still young, it could be time for the blue-sky thinking and practical planning that can make it happen.
Embracing change can be hard, which is certainly true when it comes to downsizing your home. One of the best things you can do to support your parents who are facing this situtation, is to provide relevant information so your parents can make an informed choices about appropriate housing decisions. Most importantly, you need to be empathetic and really listen to their conerns.
For older Australians looking to make the most of their finances in retirement, deeming rates can be an important factor in their income situation.