ASFA (Association of Superannuation Funds of Australia) distinguishes between two retirement lifestyle standards: Modest: Covers basics and some small “extras”, but limited expenditure on discretionary things. Comfortable: As above, plus more discretionary spending, private health cover, more regular travel, and greater flexibility. (ASFA) To “Retire Comfortably” is more than just a dream; it means being…
1. The role of a mortgage broker in Australia What a mortgage broker does A mortgage broker acts as an intermediary between borrowers (you) and lenders (banks, credit unions, non-bank lenders). Rather than you going to each lender to compare, a broker: Has access to a panel of multiple lenders and home-loan products. Compares rates,…
One of the many financial services we offer at Approved Financial Planners is help with your superannuation fund. Whether you choose self managed superannuation or any of the super funds available to you, we can provide sound financial advice and improve your understanding of superannuation. How Superannuation Works Money is placed into your superannuation account,…
Australian retirees increasingly report financial insecurity as a reason for returning to work or delaying retirement. The biggest financial mistakes retirees make are key drivers, including rising living costs, inadequate savings, unexpected expenses, misunderstanding of retirement entitlements, and unsound investment or spending decisions. (The Guardian)
Retiring early is an appealing idea: more time for travel, hobbies, family, and personal fulfilment. But there’s a price. More years off work mean more expenses, more risk, and greater demands on your savings, which raises the question: How long will my money last when I retire? In Australia, with rising life expectancy, increasing cost…
