Thanks so much for the information you are sharing . My question might be silly but which annuity provider you would recommend or should I contact to get started.? Thanks a lot
This is not a silly question, but by law, I am not allowed to provide any product advice, as this constitutes personal advice. You can organise a meeting with me, we can discuss your options and then I could list companies that are annuity providers.
Was disappointed not many interesting super changes in the budget. Really hoping for better catch up provisions for immigrants and woman that may have had 8 to 10 years out of workforce
Hi Chris, well....catch up provisions were not even on agenda this budget time. Yes, I think it would be beneficial for all people who haven't had enough time in workforce to build up their supers. That would be very beneficial for many. I agree.
Hi Katherine. First and foremost, let me take this opportunity to thank you for all your videos and sharing of info/knowledge - these things are really great!!! One main item for me in watching these is that I realised one assumption that I had was incorrect re Age Pension, and your Age Pension Explained video gave me that clarity - and I thought I knew that already! Anyway, my question please is - in order for the Annuity to sustain the guaranteed income for the life of the annuity contract, the annuity provider has to make conservative assumptions on the interest rate earnings of the fund (so that it is risk free). What would that interest rate be, if known at this time, or does it depend on the amount of the Annuity fund? And is the Annuity Income included in the Income test, or is deeming applied on the invested lump sum? And of course, it's evil twin - is the lump sum included in the Asset test? Thanks much and I hope you continue to provide these information until I finally retire and be free of working for money! Thank you.
Hi, thank you for your question, yes, of course I do provide advice, my contact details are listed in the description below the video or my website, but the easiest is to call 1300 274 731 or email me to: katherine@aboutretirement.com.au
@@AboutRetirementTV Subscribed! Great advice. I retired in 2007 aged 46 as a self funded retiree. Proud to say I worked seven 75+ hour weeks since leaving school in 1975 and never had a single holiday. Our two sons now follow in our footsteps and are amazing young men who will be able to achieve what we did. Too many people are incredibly lazy or indolent or cannot plan for a future when active working ceases. You are an inspiration!!!!!!! Have a lovely long weekend.;-)
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Do you see an annuity as part of your retirement income set up?
Absolutely! You've now given me inspiration to do some more research. Thanks again Katherine! You didn't mention whether this income is taxed?
Yes I do see that an annuity will be the way to go
Thanks so much for the information you are sharing . My question might be silly but which annuity provider you would recommend or should I contact to get started.? Thanks a lot
This is not a silly question, but by law, I am not allowed to provide any product advice, as this constitutes personal advice. You can organise a meeting with me, we can discuss your options and then I could list companies that are annuity providers.
Thank you Katherine is there a minimum amount required to invest in an annuity ie 450 thousand dollars
Love your videos Katherine. I wish I had found you years ago ..
259 liked, sound to me that Annuities are generally more advantageous for retirees with large retirement accounts. Say 1.6 million or more?
Was disappointed not many interesting super changes in the budget. Really hoping for better catch up provisions for immigrants and woman that may have had 8 to 10 years out of workforce
Hi Chris, well....catch up provisions were not even on agenda this budget time. Yes, I think it would be beneficial for all people who haven't had enough time in workforce to build up their supers. That would be very beneficial for many. I agree.
Hi Katherine. First and foremost, let me take this opportunity to thank you for all your videos and sharing of info/knowledge - these things are really great!!! One main item for me in watching these is that I realised one assumption that I had was incorrect re Age Pension, and your Age Pension Explained video gave me that clarity - and I thought I knew that already!
Anyway, my question please is - in order for the Annuity to sustain the guaranteed income for the life of the annuity contract, the annuity provider has to make conservative assumptions on the interest rate earnings of the fund (so that it is risk free). What would that interest rate be, if known at this time, or does it depend on the amount of the Annuity fund? And is the Annuity Income included in the Income test, or is deeming applied on the invested lump sum? And of course, it's evil twin - is the lump sum included in the Asset test?
Thanks much and I hope you continue to provide these information until I finally retire and be free of working for money! Thank you.
Hi Katherine , do you provide financial guidance on personal for me . If so how can I contact you thanks david
Hi, thank you for your question, yes, of course I do provide advice, my contact details are listed in the description below the video or my website, but the easiest is to call 1300 274 731 or email me to: katherine@aboutretirement.com.au
@@AboutRetirementTV Subscribed! Great advice. I retired in 2007 aged 46 as a self funded retiree. Proud to say I worked seven 75+ hour weeks since leaving school in 1975 and never had a single holiday. Our two sons now follow in our footsteps and are amazing young men who will be able to achieve what we did. Too many people are incredibly lazy or indolent or cannot plan for a future when active working ceases. You are an inspiration!!!!!!! Have a lovely long weekend.;-)