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233 smart ways to help your kids financially or into their first home
Looking for ways to help your adult kids get into their first home or get ahead financially? In this episode, Glen talks through heaps of different ideas such as:
๐ gifts & loans
๐๐ผ paying the stamp duty
๐๐ฝ paying for LMI
๐๐พ considering a parental guarantee
๐๐ฟ paying for financial advice
๐๐ป matching a savings goal
๐ paying for the grandkid's childcare or extra-curricular activity
๐๐ผ seeding their super
๐๐ฝ clearing their HELP debt
Glen's video on how a parental guarantee works: https://youtu.be/cmWOlvNhElk
If youโd 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-help
Sign up to the Retire Right newsletter here: https://email.retireright.com.au/
๐ก Join the retire right facebook group: https://www.facebook.com/groups/retireright
To 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.
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232 pay off mortgage or put in super, tax-free retirement income, finding purpose in retirement + more
39:48||Season 2In today's episode Glen and Martin dive into a big question: should you pay off your mortgage or contribute more to your superannuation as you approach retirement? They also touch on:๐ balancing mortgage payments and super contributions๐๐ผ tax strategies for superannuation๐๐ฝ how to use a transition to retirement pension๐๐พ using an offset account to manage cash flow๐๐ฟ putting money in super when there is a dip in the share market๐๐ป planning for life after retirementIf youโd 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/๐ก 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 243313.231 when to cancel life insurance, balanced vs. high growth super options, bring forward contributions + more
48:01||Season 2In today's episode Glen and financial adviser Martin McGrath discuss your questions around:๐ what to do with your life insurance as you age๐๐ผ balanced vs high growth asset allocation in super๐๐ฝ non concessional contribution limits for super๐๐พ is my super growing appropriately or am I being too conservative?Read Glen's article on private health insurance here: https://bit.ly/4dx7K5MSign up to the Retire Right newsletter here: https://email.retireright.com.au/If youโd 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-help๐ก 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.230 superannuation income & medicare levy, switching investments close to retirement, the best industry fund, sale of a property + more
41:38||Season 2'The Quick Start-Guide to Investing' by Glen James & Nick Bradley is available here: https://amzn.to/3QNNrbvIn today's Q&A, Glen and Martin answer questions from the community, touching on:๐๐ผ is the income you get from Super taken into consideration for the medicare levy?๐๐ฝ comparing super fund performance๐๐พ what's the best industry super fund for returns and insurance?๐๐ฟ making non concessional super contributionsย Glen's book, Sort Your Money Out & Get Invested: https://amzn.to/3z6aW9XLearn more about Skye Wealth here: https://www.skye.com.au/If youโd 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-help๐ก 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 243313.229 wwgd: Jen's financial health check as she approaches retirement
48:47||Season 2Jen is approaching retirement as a single mum of 2 adopted kids and is worried about her financial position. Her biggest concern is not being able support herself and her kids after she stops working so in this 'what would Glen do' episode, Glen runs Jen through a financial health check and shares some of his thoughts on her situation.'The Quick Start-Guide to Investing' by Glen James & Nick Bradley: https://amzn.to/3QNNrbvSort Your Money Out and Get Invested by Glen James: https://amzn.to/3XmSuDtIf youโd 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-help๐ก 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 451289.228 centrelink for different spouse ages, tax on inheritance of shares & property, managing retirement income + more
41:08||Season 2In today's episode Glen and Martin answer some questions from the Retire Right community. They touch on:๐ super and the age pension for couples with an age gap๐๐ผ capital gains tax & inheriting shares or property๐๐พ budgeting in retirement'The Quick Start-Guide to Investing' by Glen James & Nick Bradley is available here: https://amzn.to/3QNNrbvIf youโd 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-help๐ก 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 243313.227 economic update with Gemma Dale (inflation, investing, interest rates)
52:53||Season 2In today's episode Glen and special guest Gemma Dale, the Director of SMSF and Investor Behaviour at nabtrade discuss the current state of the economy and what it means for Australian retirees and younger generations.'The Quick Start-Guide to Investing' by Glen James & Nick Bradley is available here: https://amzn.to/3QNNrbvYou can listen to Gemma's podcast, Your Wealth wherever you're listening to this podcast.If youโd 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-help๐ก 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 451289.226 the cost of financial advice, mindset & psychology + retirement planning
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35:49||Season 2When a partner passes away, it can feel overwhelming to handle their affairs during such a difficult and emotional time. Financial advisers Martin & Anthony from Financial Edge Group unpack where to start with the key lifestyle and financial practicalities that need addressing as well as some considerations around super, tax and the age pension. They touch on:๐๐ผ which tasks to tackle first and which can be navigated over time๐ relevant parties to notify๐๐ผ some of the costs you may need to pay for๐๐ฝ implications to superannuation๐๐พ implications to receiving the age pension๐๐ฟ tax ๐๐ป reassessing your living situation & cashflow๐ updating or planning your own will & estateIf youโd 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-help๐ก 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.Martin McGrath & Financial Edge Group are authorised representatives of Synchron Advice AFSL 243313.