As readers of the blog will know that to qualify for an age pension, you first need to reach the necessary qualifying age - which now can depend on the year you were born. You also need to be an Australian resident. According to the Social Security Act, this requires you ...
What does this mean? Every three months, an organisation known as the Association of Superannuation Funds of Australia (ASFA) produces research providing details of how much a person needs in retirement to fund a comfortable lifestyle. The research is very comprehensive - documenting a detailed “comfortable budget” outlining how much a ...
I have been a resident of the Gold Coast for over 40 years and during this time I have witnessed enormous change - some of it good, some not so good. The most frustrating change is the increased level of “traffic”, which is understandable considering the increase in the area’s ...
In November 2017, legislation was passed that will allow certain individuals who sell their main residence to contribute up to $300,000 of the sale proceeds to superannuation without being constrained by the usual restrictions that otherwise apply to contributions including contribution caps and work requirements. The value of homes in most ...
I try to start every year with optimism and hope as I am sure most people do. We all want a kinder and more understanding world, but in most circumstances this is beyond our control and no doubt by the end of the year the lack of success could cause ...
I am not a religious person however, I was baptized into the Anglican faith. I attended the Methodist Church Sunday School two houses up from my parents’ home in Redcliffe and my children attended Catholic primary and secondary schools. Therefore, I do understand the “real reason” why Christmas is such ...
PK and I have written on numerous occasions over the last few years of the need to plan carefully for your retirement - financially, emotionally, physically and mentally. The question is what happens if it does not go to plan, not from a financial aspect but from a health perspective? The ...
My Mum is 87 years of age and lives on her own, in her own home. Over the past few months, I have noticed that her ability to look after herself has declined, although certainly not to the extent where I am considering placing her in residential aged care. However, she ...
Entry to a residential aged care home is traumatic for all concerned, and a decision that is never taken lightly. The process is complicated and can be quite lengthy. A question which I am often asked during this process is - how can I afford to pay the Refundable Accommodation Deposit ...
Dementia is not a single disease; it is an all-encompassing term describing a range of symptoms that cause parts of the brain to deteriorate progressively. Dementia affects memory, perception, behaviour, language and personality. Alzheimer’s is the most common and well-known form of dementia. I am not going to attempt to outline ...
PK believes people have the right to accurate, affordable and unbiased information that addresses all aspects of their preferred retirement lifestyle, thereby giving them the opportunity to make informed decisions that will empower them to live out their lives with dignity, certainty and security.
Tealey’s ambition is to change how people think about their retirement, he wants people to dream, plan and realise retirement is not defined by a magical age prescribed by the legislation.
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