SMSF Quick Tip
If you want more control over your retirement nest egg, this tip is for you …
Review your super and retirement needs and explore if a SMSF could be appropriate for you.
If you want more control over your retirement nest egg, this tip is for you …
Review your super and retirement needs and explore if a SMSF could be appropriate for you.
Looking to plan for the future and want to get some financial advice – here is what to expect and how financial advice could help you to change your financial future.
Setting aside time to regularly review your finances is one of the easiest ways to keep your plans on track and work towards achieving your financial goals.
We often find that it’s only as people near retirement that they really start thinking about their finances – especially when they start looking at everything that retirement offers, like making time for a hobby, more travel, volunteering projects or spending time with family.
If you are considering retiring or reducing your working hours in 2016 but are concerned about having enough money to retire on, it’s not too late to seek some professional advice to give you peace of mind.
Retirees and those nearing retirement with large superannuation balances and other assets and investments will likely be affected by new pension asset test changes, which passed Parliament on 22 June, 2015.
Liberum Financial, advise that under the new legislation, wealthy couples who own their own home and have over $823,000 in assets (not including the family home) will see their pension entitlements reduced or cut entirely.
Every quarter, the Association of Superannuation Funds of Australia (ASFA) research and publish their findings detailing the cost of living in retirement. The survey benchmarks the annual budget needed by Australians who own their home to fund a comfortable or modest standard of living in retirement. It provides detailed budgets of what singles and couples would need to spend to support their chosen lifestyle.
According to Liberum Financial, the costs associated with aged care should be factored in to your overall financial plan, regardless of your age today.
