John Hockey 13/11/24 John Hockey 13/11/24

Surprise Retirement Expenses you Should Know About

Retirement often forces people to put their spending habits under the microscope in ways that they didn’t during their working years. While you might find that you’re not spending as much in some areas, there’s every chance that new expenses will crop up. Here are just a few that you might encounter.

John Hockey 12/11/24 John Hockey 12/11/24

Planning for Retirement When You have Debt

According to Australian Bureau of Statistic (ABS) figures, the average household debt has quadrupled over the last 18 years, jumping from $62,000 in 2003-04 to $242,000 in 2021-22. This has worrying implications for older Australians, many of whom are finding that debt following them into retirement.

John Hockey 29/6/23 John Hockey 29/6/23

You could benefit from Age pension changes starting 1 July 2023

With many Australia’s struggling with the rising cost of living, upcoming changes to the Age Pension could provide a much-needed boost to payments mid-way through the harsh cold of winter.

John Hockey 29/6/23 John Hockey 29/6/23

Is early retirement still possible in a high inflation environment?

As far as threats to your retirement go, high inflation can be one of the most worrisome. It erodes the purchasing power of your savings and can throw many of the assumptions you’ve made about retirement out the window. And if you’re hoping to retire early, the risks it poses are even greater.