More taxpayer funds for Men’s Sheds with $10,000 grants available
131 Men’s Sheds will share almost $670,000 in Australian Government funding to continue supporting the health and wellbeing of their community. Up to $10,000 each will be awarded to help sheds with improving their facilities, buying tools and equipment, coordinating health-related training, and hosting events…
Can I afford to retire and enjoy the lifestyle?
Is your partner starting to talk about retirement, or are you beginning to feel it is time to step back from work? Whatever the reason, you may be asking: can I afford to retire? It is a personal decision that requires a lot of thought…
How this financial adviser saved a client $20,000 a year in move from retirement living to aged care
Making the move from retirement living into residential aged care can be hard for you and your family. Shaun Ganguly, a financial planner from Aged Care Financial Planning and Retirement Village Financial Advice, said it is critically important to seek professional advice. You need to…
Did you know that you don’t own your super assets?
For many people approaching retirement, superannuation is their second biggest asset after the family home. But what happens if you pass away before using all of your superannuation? Most people think if they have made a valid Will, it governs all the personal assets you…
Can I leave a retirement village after signing the contract?
Signing the contract to move into a retirement village is a big step – so it’s important to know that there are cooling off periods in place. These depend on where you live and also on the contract being offered by the operator of your…
Why people at retirement age should pay off their mortgage with their superannuation
As avid readers of stories about how much is needed for a comfortable life in retirement, we always see the rider on any figures, “providing you own your own home and have no mortgage.” However in 2021, there were nearly 9.8 million households in Australia….
Extra $500 per household for people with Commonwealth Seniors Health Card holders
Nearly 500,000 Australians will be eligible for a rebate worth hundreds of dollars in a bid to offset a major price hike expected on July 1. All Commonwealth Seniors Health Card holders, nearly 500,000, will receive up to $500 per household in energy bill relief…
If you own a home in Australia, how much do you need to retire?
As people approach retirement, thoughts and conversations can centre around how much is needed to have a comfortable lifestyle throughout their later years. Self-funded and pension-funded retirees have the same thoughts and wonder if it is better to be self-funded, or to rely on the…
How much is needed to retire in 2023?
The perfect retirement looks different to everyone, but what people do have in common is the need to have some sort of plan in place. Vanguard’s ‘How Australia Retires’ report found that young Australians are quite confident about their retirement plans but that confidence continues…
Exploring government support options
Many people think that there is no support prior to reaching the age when they are able to apply for the Age Pension, but fortunately, that isn’t the case. Similarly, self-funded retirees are not aware that there may be options that you can access, regardless…