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 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. Hosted on Acast. See acast.com/privacy for more information.

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. Hosted on Acast. See acast.com/privacy for more information.

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. Hosted on Acast. See acast.com/privacy for more information.

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. Hosted on Acast. See acast.com/privacy for more information.

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. Hosted on Acast. See acast.com/privacy for more information.