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Retirement planning doesnβt just happen once, itβs an ongoing process that changes as you move through your 50s, 60s and 70s. In this episode, Glen and financial adviser Martin McGrath discuss why your 70s are the decade to optimise and protect your wealth. They cover:
π reviewing your Government entitlements regularly
ππΌ key things to review
ππ½ reviewing pension draw down each year
ππΎ the minimum pension payment by age
ππΏ simplifying your affairs
ππ» recontribution and final contribution strategies
π the Downsizer contribution explained
ππΌ planning age cared needs early
ππ½ reviewing your estate plan
ππΎ spending with confidence
ππΏ leaving a legacy and helping adult kids
ππ» action steps
Money in your 60s: Apple | Spotify
Money in your 50s: Apple | Spotify
Aged Care planning case study: Apple | Spotify | Youtube
Download the episode slides here: https://www.retireright.com.au/decades
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Glen James has a financial interest in Tallowwood Wealth Advice. This content is for education and entertainment purposes only and is intended for Australian residents. It is not a substitute for professional financial, tax or legal advice. Any advice provided is general financial advice only, which does not take into account your objectives, financial situation or needs.You should consider whether the advice is appropriate for your circumstances before acting on it. If you choose to buy a financial product, read the relevant product disclosure statement (PDS) and target market determination (TMD), and seek personal advice from a licensed adviser. We may discuss products, services or listener questions within our content for illustration and entertainment purposes. It is impossible to provide personal advice in this format, as we donβt know your individual financial situation. We may also change the names of questioners for privacy. While we do our best to provide accurate information, we accept no responsibility for any inaccuracies. Guest opinions are theirs and their respective licence holders. SYMO Interactive Pty Ltd and Glen James are authorised representatives of MoneySherpa Pty Ltd, which holds Australian Financial Services Licence 451289. Please read our Financial Services Guide at moneypodcast.com.au.
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