Latest Articles
Latest News
Retiring without a mortgage has a large positive impact on retirement confidence. For decades the “Great Australian Dream” has been the general desire by most Australians just to own a home. But that dream has morphed over time. These days it’s not just about owning a home but having the mortgage paid off either before...Read More
Planning for retirement is crucial, and understanding the biggest retirement planning mistakes can make a significant difference in securing a comfortable and enjoyable future. Many retirees make common errors that can impact their financial well-being. By identifying and avoiding these pitfalls, you can enhance your financial security and peace of mind. At MBA Financial Strategists,...Read More
Why the decision to keep deeming rates on hold may be a window for interest rates. In delivering the second reading of the Appropriation Bill (No. 1) 2024–25, otherwise known as the latest federal budget, the Treasurer announced that the current freeze on social security deeming rates will continue until 30 June 2025. It was...Read More
Ensuring financial security post-retirement is key to a comfortable and stress-free life. Proper planning helps manage your finances, ensuring you have the necessary resources. This guide provides valuable strategies for budgeting, investment planning, and maintaining long-term financial stability. By following these steps, you can navigate the complexities of post-retirement finances with confidence, securing a stable...Read More
If you’re close to retirement, chances are you’ve already spent time thinking about how to tap into your superannuation when you retire. Broadly speaking, you have a few options when you retire, as long as you’ve reached the minimum ‘preservation age’ when you’re allowed to access your super. If you were born after 1 July...Read More
If you’re nearing retirement age, it’s likely you’re wondering if you will have enough saved to give up work and take it easy, particularly as cost-of-living increases hit some of the basic expenses such as energy, insurance, food and health costs. Fortunately, someone has already worked out what you might need. The Association of Superannuation...Read More
If you’re looking to maximise your superannuation, it’s a good idea to be up to speed on any legal updates that could affect the super and tax landscape. With super caps going up and tax cuts coming in, there are some big changes on 1 July 2024 that could help you boost your retirement savings....Read More
The latest rise in the Age Pension rate still falls short of what many people may need to have a modest lifestyle in retirement. Around 2.58 million Australians received a 1.78% government Age Pension payment boost on March 20 as part of Centrelink’s twice-yearly indexation review. They included the 1.76 million people who receive a...Read More
How to shift into pension mode
April 29, 2024Retirement Planning
When and how you can access your super to start an account-based pension. If our working years can be regarded as the time when we aim to build up our superannuation savings, our retirement years can equally be regarded as the time when we aim to spend them. At least that’s the objective for most...Read More
Your money in retirement
April 8, 2024Retirement Planning
Living longer means more life to enjoy. If you're retired, or planning to retire, here are some ways to help make your money go the distance. Claim your government entitlements You may be eligible for government benefits such as: Age Pension Pensioner concessions Health care benefits Tax offsets See Age Pension and government benefits. Keep...Read More