In today's episode Glen James, Martin McGrath and Nathan Fradley answer your questions about super in retirement covering:

👉🏾 accessing super to help children buy a property

👉🏿 if I don’t spend all my compulsory pension drawdown, can I put the money back into super?

👉🏻 types of super beneficiaries explained & reversionary pension explained

👉 what actually happens to your super pension when your spouse dies?

👉🏽 can inheriting a pension push you over the transfer balance cap?

👉🏼 should you withdraw super at retirement to pay off your mortgage?

👉🏾 triggering access to the super at age 60 through change of employment

👉🏿 if you and your spouse pass at the same time how is a binding nomination handled?

👉🏻 use the downsizer contribution vs non concessional contribution via bring forward rule following the sale of your home

👉🏼 Martin and Nathan's advice around super

Check out Nathan's blog here: https://www.nathanfradley.com.au/blog

Watch Retire Right on Youtube: https://youtube.com/playlist?list=PLQW_VRWNC0jR1KQDXi5pcXwREjc0pde9L&si=zIMg1Vow9SOhug_Z

If you’d like to chat with someone about your personal situation, reach out to our team so we can connect you with a professional: https://www.retireright.com.au/get-help

Sign up to the Retire Right newsletter here: https://email.retireright.com.au/

🏡 Join the Retire Right facebook group: https://www.facebook.com/groups/retireright

To get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here.

Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs. Symo Interactive Pty Ltd trading as Retire Right Australia & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.Martin McGrath, Financial Edge Group and their employed financial advisers are authorised representatives of Synchron Advice AFSL 243313.

Hosted on Acast. See acast.com/privacy for more information.

Glen James, Martin McGrath and Nathan Fradley break down bucket strategies for retirement - how to build them, how to draw down from them and how your investment allocation should shift before and after you stop working.

👉🏾 bucket strategy - two different approaches to setting one up

👉🏿 rebalancing for income in pension mode using a bucket strategy

👉🏻 if you have money outside of super, do you still need cash inside super?

👉 the optimal time to setup a bucket strategy

👉🏼 asset allocation leading up to retirement

👉🏽 pros and cons of the mysuper lifestage superannuation option

Martin McGrath is a financial adviser at https://www.financialedgegroup.com.au/

Nathan Fradley is a financial adviser at https://www.nathanfradley.com.au/

Watch Retire Right on Youtube: https://youtube.com/playlist?list=PLQW_VRWNC0jR1KQDXi5pcXwREjc0pde9L&si=zIMg1Vow9SOhug_Z

If you’d like to chat with someone about your personal situation, reach out to our team so we can connect you with a professional: https://www.retireright.com.au/get-help

Sign up to the Retire Right newsletter here: https://email.retireright.com.au/

🏡 Join the Retire Right facebook group: https://www.facebook.com/groups/retireright

To get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here.

Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs. Symo Interactive Pty Ltd trading as Retire Right Australia & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.Martin McGrath, Financial Edge Group and their employed financial advisers are authorised representatives of Synchron Advice AFSL 243313.

Hosted on Acast. See acast.com/privacy for more information.

Justin Bott from Services Australia returns to the show to answer your Centrelink questions:

👉🏾 can you setup work reporting online?

👉🏿 how does Centrelink assess real estate bigger than 2 hectare

👉🏻 closing a business and applying for the age pension

👉 the assets test: how to price assets like jewellery and artwork

👉🏼 paying off the mortgage vs keeping funds in account based pension

👉🏽 inherited money from mum who wants $50k shared between grandkids. How does this impact Centrelink gifting rules?

👉🏾 downsizing & the 2-year exemption for home sale proceeds

👉🏿 job seeker rules & access to super if you're forced out of work before 67

👉🏻 eligibility for rent assistance when moving into a retirement village

👉 inheriting an 800k home, will I lose the pension?

👉🏼 the nominee arrangement

👉🏽 are super returns considered income or assets?

👉🏿 own an IP which still has a mortgage on it, how is the value assessed?

Watch Retire Right on Youtube: https://youtube.com/playlist?list=PLQW_VRWNC0jR1KQDXi5pcXwREjc0pde9L&si=zIMg1Vow9SOhug_Z

If you’d like to chat with someone about your personal situation, reach out to our team so we can connect you with a professional: https://www.retireright.com.au/get-help

Sign up to the Retire Right newsletter here: https://email.retireright.com.au/

🏡 Join the Retire Right facebook group: https://www.facebook.com/groups/retireright

To get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here.

Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs. Symo Interactive Pty Ltd trading as Retire Right Australia & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.Martin McGrath, Financial Edge Group and their employed financial advisers are authorised representatives of Synchron Advice AFSL 243313.

Hosted on Acast. See acast.com/privacy for more information.

Casey Beros is a health journalist and author of Next of Kin: What to Expect When You're Expecting to Care for Someone You Love. In this chat Casey sits down with Glen and shares her personal story caring for her dad through terminal illness, the emotional and practical realities families face and how early conversations can protect your loved ones during one of life’s hardest chapters.

👉 what makes for a "good death"?

👉🏼 why Casey wrote Next of Kin

👉🏽 her experience becoming the primary caregiver for her dad

👉🏾 why caregiving is often uneven

👉🏿 Casey's dad's diagnosis + the journey after it

👉🏻 how to talk about death, wishes & responsibilities with family

👉 the unexpected richness in the final years

👉🏼 keepsake ideas

👉🏽 the role of a death doula

👉🏿 voluntary assisted dying options and process

Check out Next of Kin: https://amzn.to/4i84DVz

Connect with Casey: https://www.instagram.com/caseyberos/

Website: https://www.caseyberos.com/

Watch Retire Right on Youtube: https://youtube.com/playlist?list=PLQW_VRWNC0jR1KQDXi5pcXwREjc0pde9L&si=zIMg1Vow9SOhug_Z

If you’d like to chat with someone about your personal situation, reach out to our team so we can connect you with a professional: https://www.retireright.com.au/get-help

Sign up to the Retire Right newsletter here: https://email.retireright.com.au/

🏡 Join the Retire Right facebook group: https://www.facebook.com/groups/retireright

To get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here.

Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs. Symo Interactive Pty Ltd trading as Retire Right Australia & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.Martin McGrath, Financial Edge Group and their employed financial advisers are authorised representatives of Synchron Advice AFSL 243313.

Hosted on Acast. See acast.com/privacy for more information.

Due to popular demand, Justin Bott from Services Australia returns to the show to chat with Glen about the major Centrelink changes, a 101 on concession cards + the work bonus. They talk about:

👉 indexation changes to pensions - what increased

👉🏼 how the assets test and income test actually work

👉🏽 what is deeming

👉🏾 the new deeming rates

👉🏿 benefits of deeming

👉🏻 Commonwealth Seniors Health Card - who’s eligible + the benefits

👉 Medicare safety net tips

👉🏼 applying for a commonwealth seniors health card

👉🏾 Seniors Card & Pensioner Concession card eligibility + benefits

👉🏿 Low Income Health Care card eligibility + benefits

👉🏻 the work bonus explained

👉 work bonus case study example

Watch Retire Right on Youtube: https://youtube.com/playlist?list=PLQW_VRWNC0jR1KQDXi5pcXwREjc0pde9L&si=zIMg1Vow9SOhug_Z

If you’d like to chat with someone about your personal situation, reach out to our team so we can connect you with a professional: https://www.retireright.com.au/get-help

Sign up to the Retire Right newsletter here: https://email.retireright.com.au/

🏡 Join the Retire Right facebook group: https://www.facebook.com/groups/retireright

To get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here.

Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs. Symo Interactive Pty Ltd trading as Retire Right Australia & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.Martin McGrath, Financial Edge Group and their employed financial advisers are authorised representatives of Synchron Advice AFSL 243313.

Hosted on Acast. See acast.com/privacy for more information.

Glen and Martin break down a real case study of a couple in their mid-50s with eight investment properties, $3M in debt and tight month-to-month cashflow. They unpack how selling strategically, using super effectively and reducing debt can turn a high-complexity portfolio into a clear plan toward retiring earlier with less stress and more income.

👉 the couple's situation

👉🏼 some considerations

👉🏽 Martin's advice strategies

👉🏾 tangible outcomes from the advice

👉🏿 cost of the advice

Watch Retire Right on Youtube: https://youtube.com/playlist?list=PLQW_VRWNC0jR1KQDXi5pcXwREjc0pde9L&si=zIMg1Vow9SOhug_Z

Watch this is property on Youtube: https://www.youtube.com/@thisisproperty

If you’d like to chat with someone about your personal situation, reach out to our team so we can connect you with a professional: https://www.retireright.com.au/get-help

Sign up to the Retire Right newsletter here: https://email.retireright.com.au/

🏡 Join the Retire Right facebook group: https://www.facebook.com/groups/retireright

To get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here.

Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs. Symo Interactive Pty Ltd trading as Retire Right Australia & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.Martin McGrath, Financial Edge Group and their employed financial advisers are authorised representatives of Synchron Advice AFSL 243313.

Hosted on Acast. See acast.com/privacy for more information.

In today’s episode, Glen and Martin unpack a real case study of a couple who recently sold their business, were ready to retire and sought financial advice. They had wealth tied up inside their company, money in super and some big decisions to make about how to create a reliable retirement income. They cover:

👉🏾 background of the couple and the business they sold

👉🏿 why business sale proceeds often remain inside the company

👉🏻 reviewing structure: company vs trust ownership

👉 the strategies implemented

👉🏼 setting up account-based pensions to create tax-free income

👉🏽 balancing investment risk inside super vs inside the company

👉🏾 setting up a wrap account and drawing dividends from the company

👉🏿 planning concessional super contributions

👉🏻 two ways to take money out from your company

👉 planning non-concessional super contributions

👉🏼 coordinating advice between accountant + financial adviser

👉🏽 long-term strategy: running down company funds over time

👉🏿 the advice outcomes

👉🏾 why you may not want to close the company immediately

👉🏻 Martin's cost for the advice (once-off and ongoing breakdown)

Watch this episode on Youtube: https://youtube.com/playlist?list=PLQW_VRWNC0jR1KQDXi5pcXwREjc0pde9L&si=zIMg1Vow9SOhug_Z

If you’d like to chat with someone about your personal situation, reach out to our team so we can connect you with a professional: https://www.retireright.com.au/get-help

Sign up to the Retire Right newsletter here: https://email.retireright.com.au/

🏡 Join the Retire Right facebook group: https://www.facebook.com/groups/retireright

To get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here.

Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs. Symo Interactive Pty Ltd trading as Retire Right Australia & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.Martin McGrath, Financial Edge Group and their employed financial advisers are authorised representatives of Synchron Advice AFSL 243313.

Hosted on Acast. See acast.com/privacy for more information.

Glen and Martin break down a real retirement case study that started with a familiar line: “we don’t need an adviser, our affairs are simple!”. Upon changing their minds, the couple discovered thousands in tax savings, better investment structures and a bigger age pension.

👉 why some people think they don’t need financial advice

👉🏼 Charlie & Diane’s situation: 66 and 64, planning retirement soon

👉🏽 the advice strategies implemented

👉🏾 the advice outcomes ($8.5k net tax savings + $20k extra age pension)

👉🏿 projections of their assets & income over time

👉🏻 how much the advice cost and why it paid for itself

Watch this episode on Youtube: https://youtu.be/wXvu0-k6_qA

If you’d like to chat with someone about your personal situation, reach out to our team so we can connect you with a professional: https://www.retireright.com.au/get-help

Sign up to the Retire Right newsletter here: https://email.retireright.com.au/

🏡 Join the Retire Right facebook group: https://www.facebook.com/groups/retireright

To get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here.

Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs. Symo Interactive Pty Ltd trading as Retire Right Australia & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.Martin McGrath, Financial Edge Group and their employed financial advisers are authorised representatives of Synchron Advice AFSL 243313.

Hosted on Acast. See acast.com/privacy for more information.