A reverse mortgage will allow you to borrow against the equity in your home, without having to sell, by releasing funds for comfortable years ahead in retirement.
retirement
Help your children without affecting your retirement
I’m relatively new to parenthood. Today was my son’s 2nd birthday. My wife and I watched with anticipation as he madly opened his birthday present. The look of sheer delight on his face when he saw a box of Duplo warmed our hearts. I now get how for years on end you want to give […]
Why super is still super
It saddens me that people are scared or hesitant to contribute to their superannuation due to the changes coming into effect on the 1st of July this year. It is clear that the majority of the changes to superannuation that come into effect on the 1st of July are directed towards the fortunate few who […]
Can helping your children be detrimental to your own retirement?
A lot of my clients are telling me “I want to help my children buy a home.” This is understandable given the average house price as a ratio to average income is the highest it has been in half a century (See graph below). However, when does helping your children become detrimental to your own […]
Ten years to retirement: what can you do and what to avoid
The average superannuation balance for Australians aged 45-54 is $151,500 for males and $90,800 for females. Australians aged 55-64 have an average balance of $322,000 for males and $180,000 for females.1 That really is not much. I call the last 10 years of working life the “home run” decade. It is the last chance that […]
CBA successful in Beck Appeal: No accrued right to discretionary early retirement benefit
The NSW Court of Appeal has upheld the CBA’s appeal in the Beck Case. The Court has unanimously held that Mr Beck did not have an accrued right to the discretionary early retirement pension benefit provided by the super scheme.
Close to retirement? Time to look at the big picture
Do you have less than 10 years to retirement and are relying on picking the right shares to build your wealth? STOP. You are wasting your time. Here is why: S&P Global run a scorecard called the “S&P Indices Versus Active Funds” (aka SPIVA). This scorecard tracks the performance of active managers in the USA, […]
Average Australian keeps job for three years and four months; has 17 jobs until retirement
The average Australian now will keep their job for three years and four months and have 17 jobs until retirement. That’s 56 years working and making Australian businesses and the economy one of the most resilient in the developed world. However, the mean superannuation balance at age 65 for males is $252,536 and females is […]