Retire Right

Brett Evans, founder of Atlas Wealth, is an expert in financial advice for Australian expats. He discusses crucial tax implications of living abroad, including residency rules and Australian-sourced income reporting. Brett dives into superannuation and pensions, detailing how they are affected by overseas living. He emphasizes choosing a destination based on lifestyle rather than tax, and shares insights on estate planning and keeping an Australian bank account. Brett also previews his new book, The Expats Handbook, designed to guide expats through their journey.

In this discussion, financial adviser Nathan Fradley offers insights on the challenging circumstances of Anne, a 69-year-old retiree affected by elder financial abuse. He explores her dilemma of whether to rent or buy a home, considering retirement village options and granny flats. Nathan highlights the importance of a financial plan that aligns with Anne's lifestyle and needs, and examines the implications each choice has for her long-term financial security and care costs. The conversation balances emotional and logistical factors, emphasizing thoughtful decision-making.

Join Martin McGrath, a seasoned financial adviser at Financial Edge Group, as he shares invaluable insights on preparing for retirement. He stresses the importance of reviewing and paying down debt, tracking your spending, and planning your lifestyle goals at least ten years in advance. Martin discusses the nuances of superannuation investment options, the impact of living arrangements on finances, and essential estate planning for blended families. He also addresses mortgage strategies and gifting considerations to optimize retirement planning.

Glen & Gemma Dale answer investing questions from the Retire Right Facebook group, touching on:👉 should I invest in listed private credit ETF for income in retirement 👉🏼 investing for kids for minimum 10 year timeframe👉🏽 are there any tax benefits for selling shares before age 60 and putting in super?👉🏾 is one vanguard international fund and one vanguard Australian fund enough?Learn how to be a better investor with 'The Quick-Start Guide to Investing' book: https://www.moneypodcast.com.au/store6 ways to invest for kids: https://www.moneypodcast.com.au/blog/investment-for-kids-6-ways-to-invest-for-your-kidsCheck out Gemma's podcast Your Wealth wherever you listen to podcasts.Watch Retire Right on Youtube: https://youtube.com/playlist?list=PLQW_VRWNC0jR1KQDXi5pcXwREjc0pde9L&si=zIMg1Vow9SOhug_ZIf you’d like to chat with someone about your personal situation, reach out to our team so we can connect you with a professional: https://www.retireright.com.au/get-helpSign up to the Retire Right newsletter here: https://email.retireright.com.au/🏡 Join the Retire Right facebook group: https://www.facebook.com/groups/retirerightTo get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here.Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs. Symo Interactive Pty Ltd trading as Retire Right Australia & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.Martin McGrath, Financial Edge Group and their employed financial advisers are authorised representatives of Synchron Advice AFSL 243313. Hosted on Acast. See acast.com/privacy for more information.

In today's episode Glen James, Martin McGrath and Nathan Fradley answer your questions about super in retirement covering:👉🏾 accessing super to help children buy a property👉🏿 if I don’t spend all my compulsory pension drawdown, can I put the money back into super?👉🏻 types of super beneficiaries explained & reversionary pension explained👉 what actually happens to your super pension when your spouse dies?👉🏽 can inheriting a pension push you over the transfer balance cap?👉🏼 should you withdraw super at retirement to pay off your mortgage?👉🏾 triggering access to the super at age 60 through change of employment👉🏿 if you and your spouse pass at the same time how is a binding nomination handled?👉🏻 use the downsizer contribution vs non concessional contribution via bring forward rule following the sale of your home👉🏼 Martin and Nathan's advice around superCheck out Nathan's blog here: https://www.nathanfradley.com.au/blogWatch Retire Right on Youtube: https://youtube.com/playlist?list=PLQW_VRWNC0jR1KQDXi5pcXwREjc0pde9L&si=zIMg1Vow9SOhug_ZIf you’d like to chat with someone about your personal situation, reach out to our team so we can connect you with a professional: https://www.retireright.com.au/get-helpSign up to the Retire Right newsletter here: https://email.retireright.com.au/🏡 Join the Retire Right facebook group: https://www.facebook.com/groups/retirerightTo get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here.Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs. Symo Interactive Pty Ltd trading as Retire Right Australia & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.Martin McGrath, Financial Edge Group and their employed financial advisers are authorised representatives of Synchron Advice AFSL 243313. Hosted on Acast. See acast.com/privacy for more information.

Glen James, Martin McGrath and Nathan Fradley break down bucket strategies for retirement - how to build them, how to draw down from them and how your investment allocation should shift before and after you stop working.👉🏾 bucket strategy - two different approaches to setting one up👉🏿 rebalancing for income in pension mode using a bucket strategy👉🏻 if you have money outside of super, do you still need cash inside super?👉 the optimal time to setup a bucket strategy👉🏼 asset allocation leading up to retirement👉🏽 pros and cons of the mysuper lifestage superannuation optionMartin McGrath is a financial adviser at https://www.financialedgegroup.com.au/Nathan Fradley is a financial adviser at https://www.nathanfradley.com.au/Watch Retire Right on Youtube: https://youtube.com/playlist?list=PLQW_VRWNC0jR1KQDXi5pcXwREjc0pde9L&si=zIMg1Vow9SOhug_ZIf you’d like to chat with someone about your personal situation, reach out to our team so we can connect you with a professional: https://www.retireright.com.au/get-helpSign up to the Retire Right newsletter here: https://email.retireright.com.au/🏡 Join the Retire Right facebook group: https://www.facebook.com/groups/retirerightTo get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here.Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs. Symo Interactive Pty Ltd trading as Retire Right Australia & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.Martin McGrath, Financial Edge Group and their employed financial advisers are authorised representatives of Synchron Advice AFSL 243313. Hosted on Acast. See acast.com/privacy for more information.

Justin Bott from Services Australia returns to the show to answer your Centrelink questions:👉🏾 can you setup work reporting online?👉🏿 how does Centrelink assess real estate bigger than 2 hectare👉🏻 closing a business and applying for the age pension 👉 the assets test: how to price assets like jewellery and artwork👉🏼 paying off the mortgage vs keeping funds in account based pension👉🏽 inherited money from mum who wants $50k shared between grandkids. How does this impact Centrelink gifting rules?👉🏾 downsizing & the 2-year exemption for home sale proceeds👉🏿 job seeker rules & access to super if you're forced out of work before 67👉🏻 eligibility for rent assistance when moving into a retirement village👉 inheriting an 800k home, will I lose the pension?👉🏼 the nominee arrangement👉🏽 are super returns considered income or assets?👉🏿 own an IP which still has a mortgage on it, how is the value assessed?Watch Retire Right on Youtube: https://youtube.com/playlist?list=PLQW_VRWNC0jR1KQDXi5pcXwREjc0pde9L&si=zIMg1Vow9SOhug_ZIf you’d like to chat with someone about your personal situation, reach out to our team so we can connect you with a professional: https://www.retireright.com.au/get-helpSign up to the Retire Right newsletter here: https://email.retireright.com.au/🏡 Join the Retire Right facebook group: https://www.facebook.com/groups/retirerightTo get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here.Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs. Symo Interactive Pty Ltd trading as Retire Right Australia & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.Martin McGrath, Financial Edge Group and their employed financial advisers are authorised representatives of Synchron Advice AFSL 243313. Hosted on Acast. See acast.com/privacy for more information.

Casey Beros is a health journalist and author of Next of Kin: What to Expect When You're Expecting to Care for Someone You Love. In this chat Casey sits down with Glen and shares her personal story caring for her dad through terminal illness, the emotional and practical realities families face and how early conversations can protect your loved ones during one of life’s hardest chapters.👉 what makes for a "good death"?👉🏼 why Casey wrote Next of Kin👉🏽 her experience becoming the primary caregiver for her dad👉🏾 why caregiving is often uneven👉🏿 Casey's dad's diagnosis + the journey after it👉🏻 how to talk about death, wishes & responsibilities with family👉 the unexpected richness in the final years👉🏼 keepsake ideas👉🏽 the role of a death doula👉🏿 voluntary assisted dying options and processCheck out Next of Kin: https://amzn.to/4i84DVzConnect with Casey: https://www.instagram.com/caseyberos/Website: https://www.caseyberos.com/Watch Retire Right on Youtube: https://youtube.com/playlist?list=PLQW_VRWNC0jR1KQDXi5pcXwREjc0pde9L&si=zIMg1Vow9SOhug_ZIf you’d like to chat with someone about your personal situation, reach out to our team so we can connect you with a professional: https://www.retireright.com.au/get-helpSign up to the Retire Right newsletter here: https://email.retireright.com.au/🏡 Join the Retire Right facebook group: https://www.facebook.com/groups/retirerightTo get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here.Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs. Symo Interactive Pty Ltd trading as Retire Right Australia & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.Martin McGrath, Financial Edge Group and their employed financial advisers are authorised representatives of Synchron Advice AFSL 243313. Hosted on Acast. See acast.com/privacy for more information.

Due to popular demand, Justin Bott from Services Australia returns to the show to chat with Glen about the major Centrelink changes, a 101 on concession cards + the work bonus. They talk about:👉 indexation changes to pensions - what increased👉🏼 how the assets test and income test actually work👉🏽 what is deeming 👉🏾 the new deeming rates👉🏿 benefits of deeming👉🏻 Commonwealth Seniors Health Card - who’s eligible + the benefits 👉 Medicare safety net tips👉🏼 applying for a commonwealth seniors health card👉🏾 Seniors Card & Pensioner Concession card eligibility + benefits👉🏿 Low Income Health Care card eligibility + benefits👉🏻 the work bonus explained👉 work bonus case study exampleWatch Retire Right on Youtube: https://youtube.com/playlist?list=PLQW_VRWNC0jR1KQDXi5pcXwREjc0pde9L&si=zIMg1Vow9SOhug_ZIf you’d like to chat with someone about your personal situation, reach out to our team so we can connect you with a professional: https://www.retireright.com.au/get-helpSign up to the Retire Right newsletter here: https://email.retireright.com.au/🏡 Join the Retire Right facebook group: https://www.facebook.com/groups/retirerightTo get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here.Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs. Symo Interactive Pty Ltd trading as Retire Right Australia & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.Martin McGrath, Financial Edge Group and their employed financial advisers are authorised representatives of Synchron Advice AFSL 243313. Hosted on Acast. See acast.com/privacy for more information.

Glen and Martin break down a real case study of a couple in their mid-50s with eight investment properties, $3M in debt and tight month-to-month cashflow. They unpack how selling strategically, using super effectively and reducing debt can turn a high-complexity portfolio into a clear plan toward retiring earlier with less stress and more income.👉 the couple's situation👉🏼 some considerations👉🏽 Martin's advice strategies👉🏾 tangible outcomes from the advice👉🏿 cost of the adviceWatch Retire Right on Youtube: https://youtube.com/playlist?list=PLQW_VRWNC0jR1KQDXi5pcXwREjc0pde9L&si=zIMg1Vow9SOhug_ZWatch this is property on Youtube: https://www.youtube.com/@thisispropertyIf you’d like to chat with someone about your personal situation, reach out to our team so we can connect you with a professional: https://www.retireright.com.au/get-helpSign up to the Retire Right newsletter here: https://email.retireright.com.au/🏡 Join the Retire Right facebook group: https://www.facebook.com/groups/retirerightTo get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here.Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs. Symo Interactive Pty Ltd trading as Retire Right Australia & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.Martin McGrath, Financial Edge Group and their employed financial advisers are authorised representatives of Synchron Advice AFSL 243313. Hosted on Acast. See acast.com/privacy for more information.