If you’ve retired, you’ve likely spent years showing up – giving your best to work, family and community – and now, here you are, in a chapter that’s often called ‘freedom.’ – No more working to someone else’s schedule. Just your own time to do as you please. Sounds great, right? – Well you may […]
Time is money … or is it?
We’ve all heard the expression ‘Time is money.’ It’s meant to warn about the monetary costs of being idle. That is, the opportunity costs of not making money while we’re ‘young and able’, and the risks of spending the money we earn when we’re not ‘hard at work’. Sadly, the ‘time is money’ mantra has […]
The six Cs of a successful retirement
If you’re wondering how to get the most out of your retirement, researchers from Fidelity International have outlined six important elements to a successful retirement, and the good news is none of them are based on your net worth. They are non-financial aspects of life and are known as the six Cs: 1 – Capability […]
Super Recontribution Strategy
Although it may sound a little odd, taking money out of super and putting it back in can actually be beneficial by reducing the amount of potential tax you or your dependents may pay in the future. A recontribution strategy aims to increase the ‘tax-free’ component of your super account while reducing the ‘taxable’ amount. […]
Higher Minimum Pensions from 1 July 2023
The recent 50% reduction in the minimum Account Based Pension withdrawal requirement came to an end on 1 July 2023. This was a temporary measure during and after COVID and was designed to reduce the depletion of ABPs in times of lower investment returns. From 1 July 2023, the minimum withdrawal percentages are reverting to […]