These are the most common retirement concerns that our clients express to us, which COVID-19 has greatly magnified. For people seeking clarity regarding their ability to achieve specific goals in retirement, there is no substitute for personally tailored financial modelling.
People who are age pension age, meet the residency rules and receive no income support from Government Services may get the card, which provides: -Cheaper medicine under the Pharmaceutical Benefits Scheme -Bulk billed doctor visits – this is up to your doctor -A bigger refund for medical costs when you reach the Medicare Safety Net […]
In this edition, we look at “How retirees should manage their spending”. The typical recommended rate at which savings should be spent may not always be appropriate. The key is to cover (within reason) all foreseeable expenses and remain flexible by adjusting your spending as the market or your personal circumstances change. So if you […]
In this article, we have chosen to look at the 5 main challenges faced by people planning their retirement or currently retired. These issues especially relevant since the onset of the COVID-19 pandemic, which has changed the way we think about retirement planning. These key challenges are as follows: (1) Longer lifespan – increased risk […]
Before making superannuation contributions for the 2019/20 year, fund members need to be aware of common traps to avoid incurring tax penalties. The first step is to determine if you are actually eligible to make a super contribution. (1) A Non-Concessional Contribution (NCC) is a contribution for which no party claims a tax deduction. When determining […]
Christopher Joyce is a contributing editor with the Australian Financial Review. He is an Australian Fixed Income Fund Manager with Coolabah Capital Investments, Financial Economist and former Government adviser I have been a strong follower of his for a number of years and want to share his latest views about our property market in Australia. […]
The latest Federal government stimulus package initiative in response to the coronavirus pandemic, will allow eligible people early access to up to $20K from their superannuation, before 30th September 2020. In this video, we discuss individual eligibility and other issues to consider before making a decision to access benefits.
From early May, eligible employees will receive a payment of $1,500 per fortnight via their employer, back-dated to 31st March 2020. To be eligible: (1) A business (with a turnover less than $1B), must have their turnover reduced by more than 30% vs. a comparable period 1 year ago (for at least 1 month) and […]
In this edition, we look at the typical stages of a “bear’ stockmarket, as a guide to how the one that we currently face could play out! However, we recognise that while nobody can accurately predict the timing of a future recovery, it will eventually happen and so opportunities will present themselves to investors.