Great advice as always. I think the not spending enough in retirement is an issue for a lot of people. My mum used to fret about running out of money despite having around $600k in super. When I did their annual budget for them, we worked out they barley spent over $30k in a given year, so they had more than enough. Personally, I plan to spend up to a budget each year so I'm left with very little by the end. Sorry kids, you'll need to fend for yourselves 😊
Not yet. This would be case by case work for each client, I will need to understand taxable incomes in their personal names and make desicions. The tax on the unrealised gains sucks
Well explained...well done!
Thank you!
Great advice as always. I think the not spending enough in retirement is an issue for a lot of people. My mum used to fret about running out of money despite having around $600k in super. When I did their annual budget for them, we worked out they barley spent over $30k in a given year, so they had more than enough. Personally, I plan to spend up to a budget each year so I'm left with very little by the end. Sorry kids, you'll need to fend for yourselves 😊
I am a big fan of this philosophy when there is not a goal to leave an inheritance. Thanks for adding to the conversation! Amy
You could cover the new Super tax.
Not yet. This would be case by case work for each client, I will need to understand taxable incomes in their personal names and make desicions. The tax on the unrealised gains sucks