This week, we want to explore the concept or borrowing in retirement a little more fully by looking at a unique way of doing so – the Commonwealth Government’s Pension Loan Scheme.
We love reading those ‘Dear Abbey’ type letters to the newspaper. Especially the financial ones. Here is a classic we read recently – and what we would do if this were our client.
Super is not supposed to be locked up forever. Super is intended to be withdrawn and used to finance your retirement. In this article, we take a closer look at withdrawing your super slowly over time, using an income stream.
For households with at least one person aged 65 or over, the Australian Bureau of Statistics recently compared average household wealth between those that owned their own home and those that did not. The difference was enormous and the message is clear: owning a property – or a similar kind of asset - is critical in creating wealth. Our job often includes identifying that similar kind of asset.
Increasingly, parents are helping adult children buy property. This might be to assist younger person to get started in the market, or to help a person get back on their feet after something like a relationship ending. This article discusses one way in which parents and children might come own property.
Compared to previous years, the 2017 Budget was a bit of an anti-climax. In previous years, there have been a number of big-ticket changes - such as the big changes to superannuation that we have been discussing in recent articles. But this year there have simply been a whole lot of small changes, some of which will be of benefit and others will represent a small loss.
A bad month for sellers is a good month for buyers. But you would never know from the headlines.
Research shows that the aged pension is all we have to look forward to, unless we act now.
