Over the past couple of years, Australian banks and financial institutions have been tightening lending rules. For better or for worse? You decide.
Here’s your chance to eavesdrop on a conversation with Owen Weeks, a well-respected veteran of the retirement industry talking about how retirement has changed over the years. He’s been in the industry since the mid 1970s. Check out the podcast.
Australia’s Age Pension is designed to help seniors who have reached retirement age and are deemed to be in constrained financial circumstances. But seniors who leave Australia can find that Centrelink reduces or even cancels their Age Pension payments.
The best way to have financial security in retirement is to start working on it well before you get there. You’ll want a financial stream (or streams) that allows you to fulfil many of the dreams you have for the freedom retirement brings. This is where a financial countdown can help.
In this issue of the YourLifeChoices Retirement Affordability Index, there’s a helpful discussion about how to make the best out of your retirement savings.
At Centrelink, the term ‘gifting’ is used when a pensioner gives away an item or money; or sells an item for less than its reasonable value; and for failing to take up an entitlement.
Planning for the future often involves making contingency plans, and sometimes we need to ask ourselves, do we have a contingency plan for a time when the world is in great turmoil?
What if you still have a mortgage when you retire? In this article, I have a couple of tips to help come up with the cash to pay for the loan.
In theory, the Age Pension age is set as the minimum age at which a typical senior is considered no longer able to work enough hours to generate the income needed for a modest standard of living. However, this doesn’t mean that you can’t work.
That question came to mind when I discovered that three financial planners I know refuse to spend big on their cars. They do it in different ways, but with the same end in mind—saving money.