Introduction

This week on My Molyne Money Professional we will go through some of the mistakes you need to watch out for when preparing for and during your retirement. In this episode I want to specifically highlight some of the main pitfalls in money matters during a retirement. So number one is ignoring superannuation. Number two is non-concessional super contributions wherever possible max it out especially if you're after the age of 50 and think you don't have much outside of super. Now downsizer contributions what is this how you can use it as an advantage to convert your non-income producing personal home to an income producing asset. Learn the difference between accumulation phase versus retirement phase and the tax implications of