The biggest difference for Australian seniors who are ‘legally blind’ is that they can be paid the full rate Age Pension without any means-testing.
In this quarter’s YourLifeChoices Affordability IndexTMyou’ll find information about building your nest egg; the negatives of negative growth and how to best secure your lifestyle when you stop work—and more. It’s a worthwhile read for those planning retirement or in retirement.
Couples fight about money. In fact, one study discovered it was the ‘number one issue couple’s fight about.’ And it discovered that ‘money fights’ were the second leading cause of divorce—behind infidelity.
Residential aged care is needed when a senior can no longer be adequately cared for at home. As a general rule, this happens when a senior can’t safely walk around indoors alone and/or who can’t remember to go to the toilet.
What are your housing options when you retire? Will you still have a mortgage? Is downsizing the answer? The current quarterly YourLifeChoices Retirement Affordability IndexTM will help you understand these kinds of issues.
Almost a quarter of Australians are forced to retire. There are three main reasons: loss of work, and not being able to find another job; personal health issues; or becoming a personal carer—usually for a family member. So, if this is you, what can you do? Here are 5 strategies that will help you take charge of your situation.
Downsizing into an apartment or independent living unit is an attractive option for many retirees. And it may mean having cash to spend on travel and lifestyle. Or to escape monthly mortgage payments.
When are you thinking of retiring? I assume that if you’re reading this there’s the thought that somewhere down the road, maybe soon, you will retire. But have you really thought through the when? What would have to happen before you could?
‘We’ve got a mortgage, it’s small, but we don’t know how to pay it out.’ That’s what a recently-retired client couple told me, and asked, ‘What can we do?’
I Googled ‘finances retirement’ and went to ‘news’ to get the latest. Here are 5 things I learned in 20 minutes online that could be helpful as you look at your finances for retirement.