Retire Right

Retire Right is brought to you by Tallowwood Wealth Advice. Specialist retirement financial advisers. You can book a complimentary appointment wherever you are in Australia by visiting https://www.tallowwoodwealth.com.au/Get our new book, 12 Months to Retire Right: https://link.amazon/B07u9ZQgEIn this Q&A, Glen and Martin discuss: 👉 concessional vs non concessional contribution limits explained👉🏼 can you make a downsizer contribution if your balance is over $500k?👉🏽 should we sell the investment property or keep it as supplementary income?👉🏾 do you need a bucket strategy? how does it work, flaws and when would you set one up?👉🏿 can you change super funds after age 75?👉🏻 can you move personal assets like shares and managed funds into super?👉 does money sitting in pension phase dwindle from fees or tax?👉🏼 should I move money from accumulation into my TTR or pension phase?Subscribe to Retire Right on Youtube: https://www.youtube.com/@RetireRightAusIf 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/retirerightGlen 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 don’t 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.

Retire Right is brought to you by Tallowwood Wealth Advice. Specialist retirement financial advisers. You can book a complimentary appointment wherever you are in Australia by visiting https://www.tallowwoodwealth.com.au/Get our new book, 12 Months to Retire Right: https://link.amazon/B07u9ZQgEIn this Q&A episode Glen James and Martin McGrath discuss:👉 do I need to disclose what I spend TTR money on? 👉🏼 setting up a transition to retirement strategy👉🏽 will my kids have to pay tax when they receive my super and how is this calculated?👉🏾 strategies to reduce tax for super beneficiaries👉🏿 is Scott's retirement strategy sound?👉🏻 what to do with my house and savings when I travel extensively in retirement 👉 I won't spend the minimum pension drawdown, should I keep my super in accumulation?👉🏼 what this 83yo did wrong when they wrapped up their SMSFSubscribe to Retire Right on Youtube: https://www.youtube.com/@RetireRightAusIf 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/retirerightGlen 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 don’t 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.

Retire Right is brought to you by Tallowwood Wealth Advice. Specialist retirement financial advisers. You can book a complimentary appointment wherever you are in Australia by visiting https://www.tallowwoodwealth.com.au/Buy Glen and Vince Scully's new book, 12 Months to Retire Right: https://link.amazon/B07u9ZQgEJustin Bott returns to the show for another Centrelink Q&A, and as a Community Information Officer at Services Australia, he's the perfect person to answer your burning questions. In this episode, Glen and Justin touch on: 👉 bereavement payments - what happens to your pension when a partner dies👉🏼 self-funded retirees - are there any other cards or benefits you can access?👉🏽 what is the Financial Information Service and who can access it👉🏾 can I do a super recontribution strategy before claiming the age pension👉🏿 pension & aged care fees 👉🏻 carer payment vs carer allowance vs age pension👉 pension residency rules👉🏼 what is considered gifting?👉🏽 reverse mortgage vs home reversion scheme and the trap to be aware of Watch: Age Pension increase + other changes you need to know with Justin Bott from Services Australia - https://youtu.be/0kYGWUm93VESubscribe to Retire Right on Youtube: https://www.youtube.com/@RetireRightAusIf 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/retirerightGlen 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 don’t 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.

Retire Right is brought to you by Tallowwood Wealth Advice. Specialist retirement financial advisers. You can book a complimentary appointment wherever you are in Australia by visiting https://www.tallowwoodwealth.com.au/Buy Glen and Vince Scully's new book, 12 Months to Retire Right: https://link.amazon/B07u9ZQgEJustin Bott from Services Australia joins Glen James to unpack the changes that took effect on 20 September and what it means for your pension. They touch on: 👉 12 Months to Retire Right is now on sale and available for pre-order!👉🏼 the new increased age pension rates👉🏽 living and travelling overseas & the pension👉🏾 the new income and assets limits 👉🏿 key dates to review your pension eligibility if you don't currently qualify👉🏻 new Commonwealth Seniors Health Card income limits 👉 the new deeming rates and what deeming is 👉🏼 investment properties & the pension👉🏽 the updated value of sharesLearn more at servicesaustralia.gov.auSubscribe to Retire Right on Youtube: https://www.youtube.com/@RetireRightAusIf 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/retirerightGlen 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 don’t 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.

Retire Right is brought to you by Tallowwood Wealth Advice. Specialist retirement financial advisers. You can book a complimentary appointment wherever you are in Australia by visiting https://www.tallowwoodwealth.com.au/ Buy Glen and Vince Scully's new book, 12 Months to Retire Right: https://link.amazon/B07u9ZQgE In today's episode Glen is joined by John Pidgeon, buyer's advocate, host of This Is Property and author of Sort Your Property Out and Build Your Future for a property deep dive and Q&A. They touch on:👉 how capital gains tax will be calculated under the new changes pre and post July 2027👉🏼 negative gearing isn't gone - this is how it will work moving forward!👉🏽 turning a PPOR that was bought before the May budget into an investment property👉🏾 holding an investment property after 50 - what to consider👉🏿 when's the best time to sell a property?👉🏻 should I move into my investment property or sell it?👉 should I help my kids by purchasing and renting an investment property to them?👉🏼 can you avoid CGT by turning an investment property into your PPOR for 1-2 years?👉🏾 sell IP now in mid 50s and pay off the home or wait until no longer working for tax efficiency?Resources mentioned in the chat:Watch this episode on Youtube here: https://youtu.be/nCQD9RDebuw12 Months to Retire Right by Glen James and Vince Scully: https://link.amazon/B07u9ZQgE Sort Your Property Out: And Build Your Future by Glen James and John Pidgeon: https://link.amazon/B045jKvnDThe Quick-Start Guide to Your First Property by Glen James and Rachelle Kroon: https://link.amazon/B09oz5FalBook a clarity call with John here: https://www.solverewealth.com.au/clarity-call-with-john-pidgeon/Need help selling a property? Envisage Property Vendor's Advocate service: https://www.envisageproperty.com.au/vendors-advocate-serviceSubscribe to Retire Right on Youtube: https://www.youtube.com/@RetireRightAusIf 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/retirerightGlen 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 don’t 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.

Retire Right is brought to you by Tallowwood Wealth Advice. Specialist retirement financial advisers. You can book a complimentary appointment wherever you are in Australia by visiting https://www.tallowwoodwealth.com.au/ Buy Glen and Vince Scully's new book, 12 Months to Retire Right: https://link.amazon/B07u9ZQgERetirement planning doesn’t just happen once, it’s 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:👉 reviewing your Government entitlements regularly👉🏼 key things to review👉🏽 reviewing pension draw down each year👉🏾 the minimum pension payment by age👉🏿 simplifying your affairs👉🏻 recontribution and final contribution strategies👉 the Downsizer contribution explained👉🏼 planning age cared needs early👉🏽 reviewing your estate plan👉🏾 spending with confidence👉🏿 leaving a legacy and helping adult kids👉🏻 action stepsMoney in your 60s: Apple | SpotifyMoney in your 50s: Apple | SpotifyAged Care planning case study: Apple | Spotify | YoutubeDownload the episode slides here: https://www.retireright.com.au/decadesSubscribe to Retire Right on Youtube: https://www.youtube.com/@RetireRightAusIf 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/retirerightGlen 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 don’t 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.

Retire Right is brought to you by Tallowwood Wealth Advice. Specialist retirement financial advisers. You can book a complimentary appointment wherever you are in Australia by visiting https://www.tallowwoodwealth.com.au/ In this episode of 'What Would Glen Do', Glen chats with Louise, a 50 year old education assistant in Perth who needs help deciding what to do with the $1.4M sitting in her savings account two years on from losing her husband to a terminal illness. Louise wants to know: What should I do with it? Do I have permission to spend it? And do I need income protection? Subscribe to Retire Right on Youtube: https://www.youtube.com/@RetireRightAusIf 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/retirerightGlen 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 don’t 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.

Retire Right is brought to you by Tallowwood Wealth Advice. Specialist retirement financial advisers. You can book a complimentary appointment wherever you are in Australia by visiting https://www.tallowwoodwealth.com.au/ Retirement planning doesn’t just happen once, it’s an ongoing process that changes as you move through your 50s, 60s and 70s. In this episode, Glen James and Martin McGrath unpack why your 60s are the most opportunity-rich decade for wealth planning. They cover:👉 why your 60s are the decision decade👉🏼 maximising your final contribution opportunities👉🏽 knowing your pension options before you start one👉🏾 building your retirement timeline👉🏿 being debt free or having a strategy to get there👉🏻 preparing for Government entitlements before you apply👉 planning for big ticket expenses👉🏽 building your work-optional plan👉🏿 deciding what to do with your investment property👉🏼 action stepsListen to 434 Money in your 50s: Apple Podcast | SpotifyListen to 429 The non-financial side of retirement with Dr Joanne Earl: Apple Podcast | SpotifyDownload the episode slides here: https://www.retireright.com.au/decadesGet your copy of Glen and Vince Scully's new book, 12 Months to Retire Right: https://link.amazon/B0bIef7WpSubscribe to Retire Right on Youtube: https://www.youtube.com/@RetireRightAusIf 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/retirerightGlen 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 don’t 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.

Retire Right is brought to you by Tallowwood Wealth Advice. Specialist retirement financial advisers. You can book a complimentary appointment wherever you are in Australia by visiting https://www.tallowwoodwealth.com.au/ In today's episode, Nathan Fradley from Fradley Advice presents a full aged care case study with a live visual walkthrough of the numbers that a real couple faced when one spouse needed to unexpectedly and urgently enter care. He touches on:👉 an introduction to the case study👉🏼 what is a RAD and DAP👉🏽 how means testing works for the age pension vs aged care👉🏾 their aged care fees👉🏿 what they did after seeing Nathan about their situation👉🏻 how they got into a better financial position👉 what would Nathan have done in their situation?👉🏽 key takeaways from this case study*Names in this case study have been changed for privacySubscribe to Retire Right on Youtube: https://www.youtube.com/@RetireRightAusIf 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/retirerightGlen 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 don’t 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.