One of the major concerns for people when they retire is, ‘how long will my savings last in order to support my lifestyle of choice’? This is what we often refer to as ‘Longevity Risk’, or the risk of outliving our money. My good friend and colleague PK has written about this ...
I have turned 65, do I just raise my hand? Not quite. Applying for an age pension when the time comes can be a very daunting proposition. The application itself is 25 pages long and asks a total of 89 questions. In addition to this form, you will need to also fill ...
I am not normally one for serious type movies, or most movies for that matter. However I don’t mind a “feel good” movie or those with a historic bent. For me, movies need to either educate or inspire me. But on a recent flight overseas, with nothing much better to do ...
There are two key dates in the year that are important to anyone who receives a Centrelink benefit. Those dates are 20 March and 20 September. It is on those days that pension and allowance benefits increase. On 20 March 2015, the age pension for a single person increased by $5.90 per ...
Last weekend I went to our local movie theatre and checkout the recently released “Second Best Exotic Marigold Hotel”. This is the sequel to the 2012 released “Best Exotic Marigold Hotel for the Elderly and Beautiful”. For those readers unfamiliar with the story, an enterprising young Sonny Kapoor (Dev Patel) runs ...
You may remember a week or two ago I asked the question: Aged Care…Is it really that expensive? I received one very interesting comment which made me think…how difficult is it for a spouse to remain in their family home after their partner has entered residential aged care? There are two very ...
Like most people, my first reaction to the costs of residential aged care was one of shock and horror. How can anyone afford to pay a daily fee, a daily means tested fee, an extra service fee and an accommodation charge or deposit? But before we run off and write letters ...
The age pension is the safety net. For those people who have finished working and are of a qualifying age and whose circumstances over their working life have been such that they have not been able to accumulate enough capital to support themselves in this stage of their life, then the ...
When questioned about their health, most people immediately think of their physical state: ‘am I eating right?’ and ‘how much exercise am I doing on a regular basis’? But your health is much more than a measure of your physical fitness. In 1946, the World Health Organisation (WHO) defined health as ...
Ever since the Government did its deal with the Palmer United Party to get the repeal of the Mineral Resource Rent Tax (mining tax) through the Senate, the media has been awash with commentary on the effect the freezing of the increase in superannuation guarantee (SG) contributions at the current ...
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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