Retirement planning

/Retirement planning

Aged Pension changes from 1 January.

As 2016 gallops to a close, it may feel like the changes to the Asset Test for the Aged Pension have just been drawn up. These changes were, however, announced in the 2015 Federal Budget. So who's affected and what does it mean? If you are over 65 and in receipt of a full or [...]

October 28th, 2016|

Plan ahead to make the most of your retirement.

Be retirement-ready by staying across the latest changes proposed for Super. (And if you'd like help in interpreting them for your situation, talk to us.) On 27 September 2016 the Government released another round of draft legislation implementing a number of the changes to superannuation it announced in the 2016 Federal Budget. Many of these [...]

October 4th, 2016|

What’s new in Super?

The Government has announced some proposed changes to the superannuation rules it had foreshadowed during the run up to the last Federal election. Here's a rundown: Are you clear on what non concessional contributions you can contribute in a year? With the Government abandoning its policy to introduce a $500,000 lifetime cap for non-concessional contributions [...]

September 23rd, 2016|

Winners in the Self Managed Super Fund (SMSF) industry.

For an increasing number of our clients, a Self Managed Super Fund (SMSF) offers substantial advantages in helping them plan for their retirement. And as anyone who has had experience of an SMSF knows, there are many elements that need to be addressed in establishing and running a fund. These include administration, audit, documentation, investments, [...]

September 7th, 2016|

The pitfalls of being average.

Did you know you need at least $800,000 in your retirement savings (in today’s dollars) to retire comfortably? Unfortunately – for the majority of Australia’s 4.7 million pre-retirees – achieving this goal is looking highly doubtful. New research by CoreData* shows that 53.1% don’t believe they will have sufficient retirement assets to match their desired lifestyle [...]

May 3rd, 2016|

The 2 biggest expenses you will ever face.

In your lifetime you will encounter many, many expenses. Cars and houses, repairs and travel, medical and educational – and much, much more. But there are two expenses that dwarf them all: Tax & retirement. Retirement Think about it, when you retire you stop working, that doesn’t mean your expenses stop rolling in. How much are [...]

December 17th, 2015|

Maria & Luca on finding a financial adviser they could trust.

Back in 2012, Maria and Luca Cifarelli had recently sold a property and their business, and were ready to enjoy retirement. “We’d parked the proceeds in a bank account, but wanted it to perform better in order for us to have the income we needed to live on,” said Maria. “Initially we spoke with one [...]

December 3rd, 2015|

Work because you want to, not because you have to.

In life, it’s always nice to have choices. And as you get older, a big one is being able to choose if and when to retire. Naturally, how financially well prepared you are is a big factor. And with life expectancy longer than ever, you’re likely to be retired considerably longer than previous generations. This [...]

November 17th, 2015|

An unexpected (and pleasant) retirement surprise for John and Robyn

Around 10 years ago, John and Robyn Gallagher were looking for a new adviser to assist them in their wealth management. “We’d found our previous planner to be a bit impersonal and we always seemed to be dealing with different people,” said John. “We wanted to work with a boutique practice as we felt it [...]

November 11th, 2015|

Enjoying retirement

5 Financial works with people at all stages of life. We have particular expertise in assisting people who are approaching or entering retirement, helping them to make the most of their financial opportunities so they can enjoy this special time of their lives. Di Reggett has been a client of ours since 2012 when she [...]

September 3rd, 2015|