How much can a client afford to spend in retirement.

How much can a client afford to spend in retirement?

Determining a comfortable and sustainable retirement spending plan for a client involves a variety of factors and some unknowns.
Planning for Retirement in an Inflationary Environment.
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Planning for Retirement in an Inflationary Environment

With recent trends indicating rising inflation rates, retirees must adjust their financial strategies to ensure that their savings will not only last but also maintain their purchasing power throughout their retirement years.
Charting your aussie retirement.

Charting Your Aussie Retirement

The transition into retirement within the Australian context has faced unprecedented challenges since 2020. Rising living costs, inflation, volatile investment returns, and market instability have significantly altered the retirement landscape.
Navigating Market Volatility in Retirement.
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Navigating Market Volatility in Retirement

Market volatility is an inevitable aspect of the investment landscape, particularly perturbing for those embarking on the golden phase of retirement.
The Role of Annuities in Retirement Planning.

The Role of Annuities in Retirement Planning

Navigating the vast sea of retirement planning, one beacon consistently shines through the fog of uncertainty: annuities.
Increase to Social Security Payments A Boost to Millions.

Increase to Social Security Payments: A boost to millions

In an ambitious move to fortify the financial health of millions, the Australian government is on the brink of implementing a significant enhancement to social security payments.
Super Contribution Caps Changes for 2024-2025 Financial Year.
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Super Contribution Caps Changes for 2024-25 Financial Year

This year, significant alterations in super contribution caps are poised to redefine the saving strategies for the 2024/25 financial year. Grasping these changes is crucial for anyone looking to optimise their financial future.
Grandparents in miniature.
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How can I maximise my Age Pension in 2024?

In this blog post, we'll share clear, straightforward strategies to maximise your Age Pension in 2024
Man in black suite and a big watch.
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How can you catch up on lost retirement savings in your 50s or 60s?

In this blog post, we'll share some practical strategies you can use to boost your retirement savings, even if you're starting late.
How to withdraw money from your smsf.
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How to withdraw money from your SMSF?

Your Self-Managed Super Fund (SMSF) represents years of dedicated contributions, a nest egg patiently growing for your future. But when that future arrives, how do you access those funds seamlessly and efficiently? That's where understanding your withdrawal options becomes crucial.
How to get the most out of your SMSF.
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How to get the most out of your SMSF?

Your Self-Managed Superannuation Fund (SMSF) can be a powerful tool for building a comfortable retirement. However, navigating the complexities of an SMSF can feel daunting. This blog post is designed to serve as your roadmap to maximising the potential of your SMSF.
How to plan your retirement with your SMSF.
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How to plan your retirement with your SMSF?

With the increasing popularity of Self-Managed Super Funds (SMSFs) in Australia, many of you are taking control of your retirement future. While this independence brings exciting possibilities, it also comes with unique challenges.
How to deal with SMSF disputes.
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How to deal with SMSF disputes?

SMSFs have become increasingly popular, offering retirees greater control over their retirement savings. While empowering, the freedom of an SMSF can also bring unique challenges, particularly when it comes to disagreements among members.
How to comply with SMSF regulations.
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How to comply with SMSF regulations?

In this blog post, we'll demystify the key compliance areas you need to master to keep your SMSF humming along smoothly.
How to choose an SMSF Service provider.
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How to choose an SMSF Service provider?

In this blog post, we'll break down the key factors to consider when choosing an SMSF service provider, ensuring you pick the partner who'll empower you to make the most of your super and unlock a brighter retirement horizon.
Old couple riding on a boat.

How to have an epic retirement?

We've seen countless retirees stumble and fall short of their goals due to a lack of preparation or poor financial planning. That's why we're here to help.
Senior woman thinking whether to put extra money into super or mortgage.

How much income do I need in retirement?

As you embark on the journey towards retirement, one of the key considerations is determining your retirement income needs.
A person standing on a pavement that says start.
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When should I start planning for retirement

How do you turn retirement dream into a reality? The answer lies in the power of planning, and the sooner you start, the better.
Person choosing what path to go.
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How to choose a super fund?

In this comprehensive guide, we will delve into the world of super funds, equipping you with the knowledge and tools to make a well-informed decision about your retirement savings.
Lonely old man looking at his cake.
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How Does Super Income Stream Affect Pension?

As an Australian retiree, you've likely accumulated a sizeable amount in your superannuation fund over the years. However, there are a few things you need to understand about how super income streams affect your pension.
People riding a boat representing trustees in SMSF.
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Beginner’s Guide to SMSF

Before diving headfirst into the SMSF pool, it’s crucial to understand the nuts and bolts of how it operates.
Man in red long sleeves using a computer.

How to master retirement planning?

Embarking on the journey to retirement requires thoughtful preparation and strategic planning. By dedicating time and effort now, you can ensure a comfortable and secure future.
Two people assessing the graph on the tablet screen.
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How to navigate volatile investment markets and recession during retirement?

Retirement ought to be a time of peace and financial stability, yet the volatility of investment markets and the looming threat of recession can cast a shadow of uncertainty on this phase of life.
Pensioner withdrawing money from piggy bank.

Understanding age pension entitlements for Australians retiring overseas

In this blog post, we dive into what happens to age pension entitlements for Australians who venture overseas for their golden years. 
Seedlings that represent investment options.

What are the investment options for retirees?

Australia’s ageing population is facing more choices than ever when it comes to investment. For retirees, understanding these options is crucial to ensuring financial security in the golden years.
Senior couple having a financial advice for retirement planning.

Financial Planning for Retirement: Unlocking A Prosperous Future

In today's ever-evolving economic landscape, preparing for retirement is paramount. At Wealth Factory, we firmly believe that retirement should be more than just an end to your working life.
Group of seniors spending retirement days

Comprehensive Pre-Retirement Planning: A Necessity for Your Golden Years

When we approach the inevitable phase of retirement, the forethought and planning required often go beyond the scope of mere desire.
Sample Commonwealth Seniors Health Card.

Navigating Centrelink Concession Cards for Retirees: A Comprehensive Guide

Commonwealth Seniors Health Care card and moreAs a retiree in Australia, you may be questioning, “Am I eligible for a Centrelink concession card?” This is a common query, given the array of concession cards available, with some retirees…
Retirement Village.

Is it worth living in a retirement village?

In this blog post, we'll explore the various aspects that make retirement villages appealing, the costs involved, the pros and cons, and whether they contribute to a longer and healthier life.
New Age Pension Rates and Limits Effective 20th September 2023.
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Understanding the new Age Pension rates and limits effective 20th September 2023

Understand the new Age Pension rates and limits effective 20th September 2023.
Silhouette of a road signage during sunset.
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When should you change super funds?

In this blog post, we'll break down the process of changing super funds and help you decide whether it's the right move for you.
A self-funded retiree using her smartphone.

What are self-funded retirees entitled to?

In this blog post, we'll unravel the world of self-funded retirees – those individuals who have taken their retirement planning into their own hands.
Packed carton boxes ready to move to a smaller space.
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Is downsizing a good idea for retirement?

As you approach your golden years, making informed decisions about your retirement becomes more crucial than ever. One significant consideration that often arises is whether downsizing your home is a wise move for your retirement journey. Picture…
Senior man wearing a black hat with a clock and a signage that says what's next.

What happens to your SMSF when you retire?

In this blog post, we will demystify the process and provide you with the essential information you need to navigate the transition from your Self-Managed Superannuation Fund (SMSF) to retirement.
A retired woman staring out of a window with concerns.

What do retirees worry about?

In this blog post, we will explore the common worries that retirees have and delve into the topic of common retirement planning mistakes that people make.
A senior man employed in the textile industry.

Can I retire then go back to work?

In this blog post, we will delve into the topic of retiring and returning to work in Australia. We will address several key questions to help you gain a better understanding of this evolving trend.
Sale cards.
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Should I claim a deduction for personal super contributions?

In this blog post, we'll explore the topic of claiming a deduction for personal super contributions and help you determine whether it's the right choice for you.
Pole in the middle of a couple holding hands.
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What is spouse contribution and contribution splitting?

Are you considering splitting contributions to your superannuation fund with a spouse? With the complexity of Australian tax and superannuation laws, it can be difficult to understand how spouse contribution and contribution splitting works in Australia. 
Brown wallet in the pocket.
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What is the re-contribution strategy for super?

In this blog post, we will talk about re-contribution strategy for super so that you can get started on making an informed decision about your financial future. Keep reading to find out more!
Tax wooden cubes on top of gold coins.
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How to reduce taxable income?

In this post, we’ll explore a few strategies for reducing taxable income down under – from tax deductions and offsets to investing in bonds- so that you can maximise your earnings without having to pay too much of it back! 
Senior couple using a card for online transaction.
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How to apply for a Commonwealth Seniors Health Card?

In this blog post, we’ll provide step-by-step instructions on how to apply for the Commonwealth Seniors Health Card so that you can take full advantage of its many benefits. Read on today and stay informed about one of Australia’s best health cards!
Pensioner withdrawing money from piggy bank.
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How can I withdraw my superannuation?

This blog post will provide an overview on everything you need to know about withdrawing your retirement savings so that you make informed decisions regarding the best way to access them. Let’s jump in!
Moon airplane and silhouette of people in the airport.
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How do I claim my superannuation when I leave in Australia?

If you're leaving Australia and want to claim your superannuation, don't worry, it's easy! Even if you're on a temporary visa and have been working in Australia, your employer has most likely been paying into your super. When it's time to leave, you can apply to take your super with you.
How much written on cheque.
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How much super do I need to retire at 55?

In this blog post we explore these topics in detail and provide a comprehensive guide on what’s required to achieve a comfortable retirement lifestyle by age 55 in Australia.
Contribute with a heart.
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What is a concessional contribution?

By the end of this blog post, not only should you know exactly what a concessional contribution is but also how to best leverage them for your own needs.
Adding coin to jar with stacked coins in background.
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What are reportable superannuation contributions?

In this guide, we'll explore this topic and explain why they're important so that when it comes time to make investment decisions, you have all the information needed to make an informed decision.
Senior man using an ATM machine to withdraw money.

How much super can I withdraw after 60?

In this post, we'll look at some tips and strategies that will help maximise your access to superannuation funds over the course of your retirement. Read on for more information about how much super money can be taken out after turning 60.
How much is enough and a silhouette of a man.
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How much can I put into super?

This blog post aims to provide clarity on how much you can contribute annually or over a lifetime towards your super balance in order to maximise your retirement savings and reap all the benefits that come with being a savvy investor! Keep reading to find out more!
Elderly man happy on computer wife holds credit card.
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How much money can you have and still get a pension?

In this blog post, we will discuss exactly how much money you can have set aside and still get some form of government pension when planning for retirement.
Concrete Tombstones.
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What happens to your superannuation when you die?

Death comes to us all, but the question of what happens to your superannuation when you die can be a tricky one. So, it’s time we addressed the elephant in the room – if you don't have an up-to-date Will and Estate plan, where does that leave your super?
Old couple standing beside a house and near cars.

What is transition to retirement?

Transition to retirement strategies can be an important tool for anyone close to retirement. It refers to the process of shifting from full-time work life towards semi-retirement while also taking advantage of particular tax benefits.
Back view of an old man facing a bridge.

How does an allocated pension affect Centrelink payment?

In this blog post, our team will explain what an allocated pension is, why it matters when claiming the age pension, and how both are taxed in Australia. We even provide some top tips on getting maximum benefit from these pensions.
A person looking at a wallet.
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How much can I salary sacrifice into super?

Have you ever wondered, "How much can I salary sacrifice into super?" Well, wonder no more. In this blog post, we'll break down the current concessional contribution limit and explain why it's important for financial advice clients to be aware of it.
What is a non concessional contribution

What is a non concessional contribution?

A non concessional contribution is a payment you make into your super account from after-tax income. This means the money you use has already been taxed at your marginal tax rate. In this blog post, we'll take a closer look at what non concessional contributions are and how they work. 
The risks of banking on your business for your retirement income.

Business reliance for retirement income

The article focuses on the potential dangers of relying solely on the sale of a business to finance retirement, and offers steps on how to prepare for the sale or succession of your business, such as building up superannuation.
Elderly couple walking on the road while holding hands.

What are retirement income streams?

Everyone's idea of retirement is different. For some, it means travelling the world and never having to work again. However you choose to spend your retirement, one thing is for sure: you'll need a reliable stream of income to make it happen. 
Elderly Couple applying for an age pension.

How do I apply for an age pension?

For those of us who have worked hard our entire lives, receiving an age pension can be a bit of a shock. It doesn't seem fair that after contributing so much to society, we are now considered charity cases. Thankfully, the application process for age pensions in Australia is straightforward, and there are plenty of resources available to help you through it.
An important conversation with parents and kids.
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An important conversation with parents (and kids)

Older people tend to be very private when it comes to topics such as their finances, estate planning, and aged care. This article offers guidance on how to initiate open and productive discussions with an elderly relative and your children.
Alarm clock and stacked coins.

How to Save More Money for Retirement?

Are you looking for ways on how to save more money for retirement but don't know where to start? You're not alone! In this post, we'll outline some tips for how to save money when you retire in Australia.
Old couple using a tablet while sitting on a couch.

Your Retirement Planning Checklist 2022

Imagine a world where we can finally quit working — where we don't have to go to work every day but still get paid. Sounds like a dream, doesn’t it? All it takes is a well-thought-out retirement planning strategy tailored to your specific requirements.
Guide to Retirement Living

Step-by-Step Guide to Retirement Living

Are you getting close to retirement and feeling a little lost about what to do? Or maybe you're already retired and looking for ways to make the most of your golden years? Whatever your situation, this step-by-step guide to retirement living will help you every step of the way. 
Old woman using a tablet with leaves behind her.

Keys to a Successful Retirement

When it comes to retiring in Australia, there are a few things that you need to take into account. In this blog post, we'll take a look at the keys to a successful retirement in Australia. So read on and see if any of these strategies could work for you.