For boomers and senior citizens, the current market and economy are unnecessarily harder. I'm used to simply purchasing and holding assets, which doesn't seem applicable to the current volatile market, and inflation is catching up with my portfolio. My biggest concern is whether I'll survive after retirement.
Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.
I envy you, I’m still trying to recover from losses I incurred in 2021/2022, who is this investment adviser you work with, I’m intrigued and I could use some quality guidance
My CFA ‘’Aileen Gertrude Tippy” , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
The thought of retirement makes me cry, My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. . It’s so difficult for people who are retired.
True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.
@@yolanderiche7476 Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect my funds and make profit from my portfolio this red season. I’ve made over $350k since then.
@@edelineguillet2121 JULIA ANN FINNICUM , is my adviser and she is highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Careful if you are a couple because you'll get less pension, especially if your spouse is employed. Get divorced before you get your pension (I just mean on the paper), just make sure you don't do it a few weeks before you are actually due for retirement:) Also, if you want to take your pension abroad, it will be sliced off after 6 months if you don't have 35 years resident life in Australia (or 25 if you move to Greece). You might be able to get away for a couple of years by briefly returning to Oz before the six months are up, but if you do it too often they will start questioning your resident status. Another thing to watch out for is the income stream from your super and any pension you might get from another country. In some cases it might be a good idea to withdraw all your super before you reach age pension, but it all depends on your circumstances. Anyway, good video, thanks for the update. The government always tries to find ways to shortchange its hardworking citizens, while offering welfare to all the lazy bogans who don't want to work. Be smarter than these crooked politicians and enjoy your golden years. Remember that the world is big and there are many beautiful places to spend your final years on earth.
Yes of course it is! But i will say don't do it yourself if you are inexperienced. Go get yourself someone good you can trust or better still check out *Sandra* *Yvonne* *Webster* she's good too.
While preparing for retirement, the wisest thing that should be on every wise individual's list is to invest in different stream of income; I am earning more this year because I have been investing while working at the same time. I invested through TERESA JENSEN WHITE, same woman that an anchor kept mentioning on CNBC, and made multiple of my start up capital within three months . She lives here in the USA and she is licensed
Heard many good recommendations about TERESA JENSEN WHITE, and her profitable strategies by some brokers in a seminar and other platforms, I think she's the real deal for people to talk good about her, I will give her a trial and see how it goes then.,..
When Menzies was prime minister he was asked why our tax was so high and he said we have to put money away for every bodies pension .This continued till Whitlam and his mates spent all the budget plus more .Then Fraser had to take the pension money to help the economy out of the mess left by Whitlam and after that the fund was never replaced. It is not the now pensioners that live off the tax payer it's the government waste that took their money.
The problem is by 50+ years old you might got redundant and couldn’t find any job. How will you survive till you reach 67 to get age pension. You’ve been working your whole life paying tax . Your superannuation might gone vanish due to pay all the fee and charge .
@@RetireOn i am lan , my husband is full age pension as i am 65 is under age pension therefore my super is exclude from asset test. If i reach age pension age : ( 1 ) my super balance in asset test ? ( 2 ) my husband's CES age pension payment & my super pension annual payment include in income test ?
@@RetireOn l am confusing about government age Pension payment including in asset test ? Income test ? Super pension annual income in income test ? Superannuation balance in asset financial deem income ? bank dividends in income test ? As those investments items already treated financial investment assets are to be deeming then go to income test : therefore, would there be repeat again income test: for example : bank interest , bank dividend , super pension income pa etc. With regards.
@@lanfelstead3844 According to current legislation, you have to be 67 years of age , but we never know what can happen between now and you reaching that age. I know you asked that question a while ago, but just in case, I thought I would assist. I hope this helps. Fortunately you have a very long way to go - enjoy
Just be very careful as all the information is already 2 years old with no updates made. Age Pension rules and figures change every year (updated every quarter), so just double-check what is application to your situation
How this could be even legal to force old people to live in poverty after they worked and paid taxes their whole life? It reminds me the movie 'Logan's run' about a society in which people were killed once they reached a certain age as they were no longer needed by the society. This is almost similar as I would think that forcing a person to live in poverty very likely shortens their life expectancy. In Europe, pensioners don't have to be stressed and live in poverty as people in Europe are receiving pensions proportionate to how much they have earned throughout their life. They can rely on pension and live in dignity in case they were not able accumulate investments throughout their working life. Also their pension is not means and income tested. They simply deserve their pensions as they worked and paid taxes their whole life. If they were responsible, saved money and bought for example a property that is generating a rent, then that's a bonus for them. They still keep their pension. So, why Australian pensioners cannot have the same standard? Is Australia somewhat less developed country than European countries?
I saw a forum post where one person suggested that a home owning couple should aim for $500,000 in income earning assets returning 6% (like a reasonable share portfolio should) by age 67. That, along with partial age pension would mean they'd have an income of $61,200 per year which is a pretty comfortable retirement for most people. Would you agree?
I’m starting to panic! My plan is to retire at 60 and try to survive until 67. I am 58 and have early onset MS. There is no way I can continue to work 9-5, 5-7 days a week for much longer. I am struggling. Everyone I know in my generation and older are struggling. It seems ridiculous that at an age when we are slowing down and need to stop and rest after decades of work, we are being forced to work until we die. When I was a teenager it seemed so simple, the 55-60 year olds retired because they were slowing down mentally and physically, and that left plenty of job openings for the young coming of working age to take over. In the old system it was a continuous circle, and we had some time to enjoy life with our family and loved ones, with energy to help them and the community in our retirement. With this new plan that I and the rest of us are forced into, most of us will die, still slaving away, no time, no energy, no balance, before we can retire. If we aren’t all dead then they will keep increasing the age until they achieve that goal. And I have to add that keeping us all working until we die puts a heavy burden on society as we get sick, tired and depressed from a poor life/work balance, as well as a burden on unemployment as we all cling to our jobs, because god forbid we loose our jobs at that age because no one will hire us in a different role, can’t blame them because I probably wouldn’t want an elderly person on staff in any role but especially a physically demanding job, which also stops the youth from filling those positions. I’m can’t protest because, I’m working. The youth won’t protest because they are young and like us at their age they are complacent and compliant, but when the youth of today get to 70 year old and are told they can’t retire, or get their Superanuation, until they are 90, maybe they will find time to grab their walking frames and hobble out to protest. I wish them luck.
I can see this question listed several times, and since nobody from RetireOn replies, I thought I would help: On 1st July 2019 government introduced the Age Pension age being 66, from 1st July 2021 it is going to be 66years and 6 months and from 1st July 2023 the Age Pension age is going to be 67. So if you are born after 1st January 1957, you will have to be 67 to be eligible. This is why it says increase by 6 moths of age. I hope this is helpful 😀
Thank you so much for explaining this. I was starting to panic! My plan is to retire at 60 and try to survive until 67. I am 58 and have early onset MS. There is know way I can continue to work 9-5, 5-7 days a week for much longer. I am struggling. Everyone I know in my generation and older are struggling. It seems ridiculous that at an age when we are slowing down and need to stop and rest after decades of work, we are being forced to work until we die. When I was a teenager it seemed so simple, the 55-60 year olds retired because they were slowing down mentally and physically, and that left plenty of job openings for the young coming of working age to take over. In the old system it was a continuous circle, and we had some time to enjoy life with our family and loved ones, with energy to help them and the community in our retirement. With this new plan that I and the rest of us are forced into, most of us will die, still slaving away, no time, no energy, no balance, before we can retire, we can retire. If we aren’t all dead then they will keep increasing the age until they achieve that goal. And I have to add that keeping us all working until we die puts a heavy burden on society as we get sick, tired and depressed from a poor life/work balance, as well as a burden on unemployment as we all cling to our jobs, because god forbid we loose our jobs at that age because no one will hire us in a different role, can’t blame them because I probably wouldn’t want an elderly person on staff, which stops the youth from filling those position.
how come a country like australia has a third world country pension system? to the point to put pensioners in a stressful position and suffer for depression..
We are both Australian citizens. I worked for over 30 years and paid tax. My husband worked for 38,39 years and paid tax. We live in Cambodia, running a vocational training centre. We were both born in 1952 and have been told we have to go back to Australia and live for 2 years before we can receive a pension. Is this correct?
I have quarry that is not related to the receivable rate, however perhaps you may be able to advise me. I live overseas in the Philippine Islands permanently. Up until now the Australian Government has been depositing my pension into one of the Australian banks. However that is some times not convenient, as some times I find that I can not open my Saving account through the internet. My question to you is do you if the Australian Government has a means to direct my pension directly to a bank here in The Philippines, or could you advise me on who to contact in view of this quarry. If so I would be very grateful Bruce
I’m 69 In Canada, my mother was Australian I like Australia and I know the pensioner go there. What about doing life coaching and I’m a Ricky grandmaster I get help a lot Australia
How friggin confusing.so if I work hard don't smoke,don't drink,don't have holidays,buy a block of land that ends up going up in price as a city spreads outwards.i get docked for trying hard.so if I drank,smoked,had expensive holidays go on pension younger cry poor,I get more than the person who slogged their guts out.
Guess what? Politicians not means tested ,Australia is the most legally corrupt country steal from workers give to drug addicts and dole bludgers ,encourage students to come here pay high fees for university limit their earnings then steal 50% tax from them no moral values in this country , look what they do to their older workers ,steal their pensions they worked for in Australian terms bulls...t country and totally corrupted system
I live on disability support pension rent government home age 56 have Medicare card and health care card I do leaflets have part time income and two other income streams
Please advise how long a permanent resident has to stay in australia to get pension,is it true that a pemanent resident has to reside for five years continuesly to get pension
Hello thankyou for all information ...can i ask can i get a pension now at 57 as I have hip problems and arm pain after many years of working in nursing Home?...and my doctors has advised to stop working? Thank you?
Hi Elizabeth, I saw your question with no reply, so I thought I would help. You will not be eligible for the Age Pension, as reaching the required age is the primary requirement, however you could be eligible for the Disability Pension if your pain is prohibiting you from working. You will need to discuss this with the Centrelink office to find out if you are eligible
I'm married to Thai women been together for 12year's married for 2 year's she is not an Australian citizen she live in Thailand and she is only 51 year's old ,l will retire there in August what pension will l get married or single?? .
@@graham6755 There is a few gravel pits around Leeman WA ,plus Lake Indoon,the oval Eneabba and a few 3 night free sites-Geraldton has a free area .I don't have 4 wheel drive but wish I did have and that opens up lots of places in this area. I'm totally set up with lithium batteries 240 volt via solar .which includes domestic fridge ,freezer dishwasher ,etc My van is basic being an old ford transit cab chassis with a pop top bolted on the back and I pull a box trailer.
You can venture in crypto or stock trading … and make money. The good thing is. You only need a broker who will help you out. I’m into that and I make good money too.
@@rodriguezmartin9172 Crypto trading is investing and trading of digital currencies that can earn you good profit if you are properly guided on it, I’d recommend a broker Ms Delia Luna, she mentors me too.
Asset test is a lot of rubbish! Any asset you have , with the prices of real estate these days is minimum 1 million dollars. So if you own an investment property it will be worth more than the threshold
The house you live in does not count as an asset. Great. Why do you talk about limits then? What if the house I live in is worth 1 million dollars? I live in it. It does not generate income!!!
Hi Cheryll, I can see no answer to your question, so I thought I would help. Your husband is eligible for the Age Pension on his 66th birthday. The amount of Age Pension he can get will depend on the outcome of the Income and Asset Test run by Centrelink, but if he is not eligible for the full pension, it can be improved if you know how. I hope this helps
@@AboutRetirementTVthank you for your kindly response only I want to know if his pension can support his daily needs while he is still in Australia at the moment❤️❤️❤️
@@cherylldelacerna2973 I am not sure if I am understanding your question, if your husband is receiving Age Pension now, he should be receiving while in Australia. If he leaves Australia - depends.
For RETIREMENT COSTS, visit here:: retireon.com.au/2019/retirement-costs-in-australia/
For boomers and senior citizens, the current market and economy are unnecessarily harder. I'm used to simply purchasing and holding assets, which doesn't seem applicable to the current volatile market, and inflation is catching up with my portfolio. My biggest concern is whether I'll survive after retirement.
Just buy and invest in Gold or other reliable stock , the government has failed us and we cant keep living like this.
Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.
I envy you, I’m still trying to recover from losses I incurred in 2021/2022, who is this investment adviser you work with, I’m intrigued and I could use some quality guidance
My CFA ‘’Aileen Gertrude Tippy” , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
The thought of retirement makes me cry, My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. . It’s so difficult for people who are retired.
True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.
@@yolanderiche7476 Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect my funds and make profit from my portfolio this red season. I’ve made over $350k since then.
@@belobelonce35 I will be retiring in three years and I have a goal of doing that with $1M. How can I reach out to your advisor?
@@edelineguillet2121 JULIA ANN FINNICUM , is my adviser and she is highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Careful if you are a couple because you'll get less pension, especially if your spouse is employed. Get divorced before you get your pension (I just mean on the paper), just make sure you don't do it a few weeks before you are actually due for retirement:) Also, if you want to take your pension abroad, it will be sliced off after 6 months if you don't have 35 years resident life in Australia (or 25 if you move to Greece). You might be able to get away for a couple of years by briefly returning to Oz before the six months are up, but if you do it too often they will start questioning your resident status. Another thing to watch out for is the income stream from your super and any pension you might get from another country. In some cases it might be a good idea to withdraw all your super before you reach age pension, but it all depends on your circumstances. Anyway, good video, thanks for the update. The government always tries to find ways to shortchange its hardworking citizens, while offering welfare to all the lazy bogans who don't want to work. Be smarter than these crooked politicians and enjoy your golden years. Remember that the world is big and there are many beautiful places to spend your final years on earth.
Why would you withdraw all your super before you receive your age pension? You can have up 250k and still receive the full age pension
Hi james so just tell them your not married? I have a thai wife and home in thailand l will retire there.
@@johnwelch461 If your wife is not Australian it does not matter. Only if both of you were eligible for Australian pension you would each get less.
@@jamesgray7301 thanks james so l would get single pension is that right.
Because I would be the only one eligible
Any retirement financial plans?
Get yourself a handful of stocks before retirement.
Yes of course it is! But i will say don't do it yourself if you are inexperienced. Go get yourself someone good you can trust or better still check out *Sandra* *Yvonne* *Webster* she's good too.
What are your thoughts on ETFs and Stocks with dividends?
I totally agree with you...being holding health for years.
While preparing for retirement, the wisest thing that should be on every wise individual's list is to invest in different stream of income; I am earning more this year because I have been investing while working at the same time. I invested through TERESA JENSEN WHITE, same woman that an anchor kept mentioning on CNBC, and made multiple of my start up capital within three months . She lives here in the USA and she is licensed
I can’t drop her info here, Just do a web lookup using her full name and connect to her official webpage ..
I really needed the help of someone .. Thanks so much . . I was able to find her page and I already leave her a message...
Heard many good recommendations about TERESA JENSEN WHITE, and her profitable strategies by some brokers in a seminar and other platforms, I think she's the real deal for people to talk good about her, I will give her a trial and see how it goes then.,..
thanks for putting this up, very professional for a small channel, helped me with my finance pension course! :)
Thanks so much for you positive feedback!
When Menzies was prime minister he was asked why our tax was so high and he said we have to put money away for every bodies pension .This continued till Whitlam and his mates spent all the budget plus more .Then Fraser had to take the pension money to help the economy out of the mess left by Whitlam and after that the fund was never replaced. It is not the now pensioners that live off the tax payer it's the government waste that took their money.
True
The problem is by 50+ years old you might got redundant and couldn’t find any job. How will you survive till you reach 67 to get age pension. You’ve been working your whole life paying tax . Your superannuation might gone vanish due to pay all the fee and charge .
I should really consider going back in time and making some changes
Very clear & plain English explanation . I doubt she was teacher. Voice is beautiful .
Hi Lan, Thank you very much for you feedback!
@@RetireOn i am lan , my husband is full age pension as i am 65 is under age pension therefore my super is exclude from asset test. If i reach age pension age : ( 1 ) my super balance in asset test ?
( 2 ) my husband's CES age pension payment & my super pension annual payment include in income test ?
@@RetireOn l am confusing about government age Pension payment including in asset test ? Income test ? Super pension annual income in income test ? Superannuation balance in asset financial deem income ? bank dividends in income test ? As those investments items already treated financial investment assets are to be deeming then go to income test : therefore, would there be repeat again income test: for example : bank interest , bank dividend , super pension income pa etc.
With regards.
What would be the retirement age for people born in 1969 -1970?
@@lanfelstead3844 According to current legislation, you have to be 67 years of age , but we never know what can happen between now and you reaching that age. I know you asked that question a while ago, but just in case, I thought I would assist. I hope this helps. Fortunately you have a very long way to go - enjoy
Some time I'm not understand that but let to centrelink to criteria may one day I will increase my pension thank you
Presenter talks very clearly.
Useful info.
Ps add updated ones for 2021
Great video
Very informative. Thank you. Liked & subscribed 👍
Just be very careful as all the information is already 2 years old with no updates made. Age Pension rules and figures change every year (updated every quarter), so just double-check what is application to your situation
True working keeps you mentally and socially engaged
How this could be even legal to force old people to live in poverty after they worked and paid taxes their whole life? It reminds me the movie 'Logan's run' about a society in which people were killed once they reached a certain age as they were no longer needed by the society. This is almost similar as I would think that forcing a person to live in poverty very likely shortens their life expectancy. In Europe, pensioners don't have to be stressed and live in poverty as people in Europe are receiving pensions proportionate to how much they have earned throughout their life. They can rely on pension and live in dignity in case they were not able accumulate investments throughout their working life. Also their pension is not means and income tested. They simply deserve their pensions as they worked and paid taxes their whole life. If they were responsible, saved money and bought for example a property that is generating a rent, then that's a bonus for them. They still keep their pension. So, why Australian pensioners cannot have the same standard? Is Australia somewhat less developed country than European countries?
Thank you for the information ,I'm coming to Brisbane once the borders are open
I saw a forum post where one person suggested that a home owning couple should aim for $500,000 in income earning assets returning 6% (like a reasonable share portfolio should) by age 67. That, along with partial age pension would mean they'd have an income of $61,200 per year which is a pretty comfortable retirement for most people. Would you agree?
Awesome video! Thank you
I am living on disability yes high anxiety depression and lack of social putting
Im just about to retire and the info in your vidio are very helpfull
Thank you
Hi, thank you so much for you feedback.
In five generations, not one male family member has lived past 64, by this formula I’d have to live to 74 lol
Thank you for the advice.
I’m starting to panic! My plan is to retire at 60 and try to survive until 67. I am 58 and have early onset MS. There is no way I can continue to work 9-5, 5-7 days a week for much longer. I am struggling. Everyone I know in my generation and older are struggling. It seems ridiculous that at an age when we are slowing down and need to stop and rest after decades of work, we are being forced to work until we die. When I was a teenager it seemed so simple, the 55-60 year olds retired because they were slowing down mentally and physically, and that left plenty of job openings for the young coming of working age to take over. In the old system it was a continuous circle, and we had some time to enjoy life with our family and loved ones, with energy to help them and the community in our retirement. With this new plan that I and the rest of us are forced into, most of us will die, still slaving away, no time, no energy, no balance, before we can retire. If we aren’t all dead then they will keep increasing the age until they achieve that goal. And I have to add that keeping us all working until we die puts a heavy burden on society as we get sick, tired and depressed from a poor life/work balance, as well as a burden on unemployment as we all cling to our jobs, because god forbid we loose our jobs at that age because no one will hire us in a different role, can’t blame them because I probably wouldn’t want an elderly person on staff in any role but especially a physically demanding job, which also stops the youth from filling those positions. I’m can’t protest because, I’m working. The youth won’t protest because they are young and like us at their age they are complacent and compliant, but when the youth of today get to 70 year old and are told they can’t retire, or get their Superanuation, until they are 90, maybe they will find time to grab their walking frames and hobble out to protest. I wish them luck.
Beverley well said, honestly your spot on. I do hope someone helps so you can stop work.. x
Very informative, thank you
Thanks, good and clear!
I'm confused about this phrase "After that, the retirement age will go up 6 months every 2 years until 1 July 2023". Can you elaborate on this.
I can see this question listed several times, and since nobody from RetireOn replies, I thought I would help: On 1st July 2019 government introduced the Age Pension age being 66, from 1st July 2021 it is going to be 66years and 6 months and from 1st July 2023 the Age Pension age is going to be 67. So if you are born after 1st January 1957, you will have to be 67 to be eligible. This is why it says increase by 6 moths of age. I hope this is helpful 😀
Thank you so much for explaining this. I was starting to panic! My plan is to retire at 60 and try to survive until 67. I am 58 and have early onset MS. There is know way I can continue to work 9-5, 5-7 days a week for much longer. I am struggling. Everyone I know in my generation and older are struggling. It seems ridiculous that at an age when we are slowing down and need to stop and rest after decades of work, we are being forced to work until we die. When I was a teenager it seemed so simple, the 55-60 year olds retired because they were slowing down mentally and physically, and that left plenty of job openings for the young coming of working age to take over. In the old system it was a continuous circle, and we had some time to enjoy life with our family and loved ones, with energy to help them and the community in our retirement. With this new plan that I and the rest of us are forced into, most of us will die, still slaving away, no time, no energy, no balance, before we can retire, we can retire. If we aren’t all dead then they will keep increasing the age until they achieve that goal. And I have to add that keeping us all working until we die puts a heavy burden on society as we get sick, tired and depressed from a poor life/work balance, as well as a burden on unemployment as we all cling to our jobs, because god forbid we loose our jobs at that age because no one will hire us in a different role, can’t blame them because I probably wouldn’t want an elderly person on staff, which stops the youth from filling those position.
Australia just pay12 months age pension...european country s pay 14 months why Australia don't pay 14 months????
how come a country like australia has a third world country pension system? to the point to put pensioners in a stressful position and suffer for depression..
guvment incometence
We are both Australian citizens. I worked for over 30 years and paid tax. My husband worked for 38,39 years and paid tax. We live in Cambodia, running a vocational training centre. We were both born in 1952 and have been told we have to go back to Australia and live for 2 years before we can receive a pension. Is this correct?
I have quarry that is not related to the receivable rate, however perhaps you may be able to advise me. I live overseas in the Philippine Islands permanently. Up until now the Australian Government has been depositing my pension into one of the Australian banks. However that is some times not convenient, as some times I find that I can not open my Saving account through the internet. My question to you is do you if the Australian Government has a means to direct my pension directly to a bank here in The Philippines, or could you advise me on who to contact in view of this quarry. If so I would be very grateful Bruce
I’m 69 In Canada, my mother was Australian I like Australia and I know the pensioner go there. What about doing life coaching and I’m a Ricky grandmaster I get help a lot Australia
How friggin confusing.so if I work hard don't smoke,don't drink,don't have holidays,buy a block of land that ends up going up in price as a city spreads outwards.i get docked for trying hard.so if I drank,smoked,had expensive holidays go on pension younger cry poor,I get more than the person who slogged their guts out.
Guess what? Politicians not means tested ,Australia is the most legally corrupt country steal from workers give to drug addicts and dole bludgers ,encourage students to come here pay high fees for university limit their earnings then steal 50% tax from them no moral values in this country , look what they do to their older workers ,steal their pensions they worked for in Australian terms bulls...t country and totally corrupted system
I live on disability support pension rent government home age 56 have Medicare card and health care card I do leaflets have part time income and two other income streams
Just I want to know In case of medical issues can I get pension after six years in Australia.your advice be much apreciated.
Please tell us for year 2023
Just great.
Work Bonus
Please advise how long a permanent resident has to stay in australia to get pension,is it true that a pemanent resident has to reside for five years continuesly to get pension
Can you retire early if you are unable to work due to your medical condition??
Can an Australian live outside Australia and receive pension?
No
@@Michelle_Emmyes
Hello thankyou for all information ...can i ask can i get a pension now at 57 as I have hip problems and arm pain after many years of working in nursing Home?...and my doctors has advised to stop working? Thank you?
Hi Elizabeth, I saw your question with no reply, so I thought I would help. You will not be eligible for the Age Pension, as reaching the required age is the primary requirement, however you could be eligible for the Disability Pension if your pain is prohibiting you from working. You will need to discuss this with the Centrelink office to find out if you are eligible
this is good but figures seem out of date.
I'm married to Thai women been together for 12year's married for 2 year's she is not an Australian citizen she live in Thailand and she is only 51 year's old ,l will retire there in August what pension will l get married or single?? .
I found the pension is not too bad if you don't own a house and go bush with a caravan.
I like your idea
@@katherineisbrandt5207 Being living doing it for 2 1/2 years and avoiding caravan parks i save $800 -$1000 per month.
Were do you go John? I met a guy on the Canning Stock Route doing exactly that.....
@@graham6755 There is a few gravel pits around Leeman WA ,plus Lake Indoon,the oval Eneabba and a few 3 night free sites-Geraldton has a free area .I don't have 4 wheel drive but wish I did have and that opens up lots of places in this area. I'm totally set up with lithium batteries 240 volt via solar .which includes domestic fridge ,freezer dishwasher ,etc My van is basic being an old ford transit cab chassis with a pop top bolted on the back and I pull a box trailer.
I live on bare bones budgey
what about the homeless
in India there is nothing....
there is man ki baat
@@Westralia whats that language.....
I’m retiring next month. And I’m a bit nervous on how to keep up with my kids.
Same here mine is till next year end.
I’m the only one taking care of them. Don’t think my pension will be enough.
Oh. But you can get your hands into trading and investing in stocks and crypto. One is never to young or too old for that.
@@brandontgreen6742 Please what do you mean by trading??
You can venture in crypto or stock trading … and make money. The good thing is. You only need a broker who will help you out. I’m into that and I make good money too.
@@rodriguezmartin9172 Crypto trading is investing and trading of digital currencies that can earn you good profit if you are properly guided on it, I’d recommend a broker Ms Delia Luna, she mentors me too.
Asset test is a lot of rubbish! Any asset you have , with the prices of real estate these days is minimum 1 million dollars. So if you own an investment property it will be worth more than the threshold
So you advise people who retire , to return to work in Australia .
Worlds Best Practice ! Work till you DIE !
The house you live in does not count as an asset. Great. Why do you talk about limits then? What if the house I live in is worth 1 million dollars? I live in it. It does not generate income!!!
it sucks
This is out of date.
My husband born on Feb,22, 1954 and his job lately is a trucker how much his pension? If you don't mind I asked for... Thank you and godbless
Hi Cheryll, I can see no answer to your question, so I thought I would help. Your husband is eligible for the Age Pension on his 66th birthday. The amount of Age Pension he can get will depend on the outcome of the Income and Asset Test run by Centrelink, but if he is not eligible for the full pension, it can be improved if you know how. I hope this helps
@@AboutRetirementTVthank you for your kindly response only I want to know if his pension can support his daily needs while he is still in Australia at the moment❤️❤️❤️
@@cherylldelacerna2973 I am not sure if I am understanding your question, if your husband is receiving Age Pension now, he should be receiving while in Australia. If he leaves Australia - depends.