Posted in Retirement

A checklist for the unprepared. We spoke to financial planner Stuart Skidmore from Saracens about preparing for retirement. Check out his seven key questions and considerations for everybody who has retirement on their mind.    By Stuart Skidmore Understand that time is your enemy. 10 years equals 120 months. If you are paid monthly and have 10 years before retirement, you will be paid 120 more times so what are you going to do now to achieve what you would like t...

If you're born in the two decades to 1964, you'll want to read this. Now that the last of the baby boomers have turned 50s, there's a push towards preparing for retirement. This means, there's no better time to understand and overcome the financial challenges so that you can enjoy the retirement of your dreams. This article explains many of the hurdles today's baby boomers face, things like:
Not having saved enough money for retirement;
Having to wait for yo...

Preparing for retirement? We ask superannuation expert Ben Hall for his top 5 proposed super updates that will affect you. Now that the election is finally behind us, and the Liberal party has edged into government with a narrow majority, it's time to decipher what the federal budget really means for pre-retirees. After all, the proposed superannuation changes are wide ranging and generally aimed at helping lower income earners, while cutting back some of the more generous conc...

Find out if controlling your own superannuation investments is right for you. First things first, what is a self-managed super fund (SMSF)? Put simply, it's a superannuation fund that gives you control over making all of the investment decisions. That may mean more financial freedom, however it also makes you responsible for complying with the super and tax laws. So, you must know your stuff! The Australian Taxation Office outlines: "An SMSF must be run for the sole pu...

5 ways to know if you're at retirement age. What age can I retire? We are often asked this question at FinancePath. And, the answer is simple you can retire at any age you like. The real question is: are you ready to retire? But before we delve into what financial considerations you must make when preparing for retirement, you should first ensure you're mentally prepared to give up work. After all, it's no secret that our purpose in life is often entwined with our occup...