I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
@@AlilatTiamiyu The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
Why is your respect limited to First Nation people? If we are expressing our gratitude for those important elders of the past we should also thank the hard working men and women who endured great hardship to make this country great; the young people who strive to educate themselves to help us navigate future challenges; Americans soldiers for their sacrifice to defend our freedom. It’s a great habit to offer gratitude and respect to those who deserve it, so let’s get real.
Recently, I've been pondering retirement. I've also invested $800K on S&P 500 so i could secure my financial future. i need an approach to invest in Stocks like Nvidia stocks and of course AI stocks that will align with my risk tolerance and financial goals but it seem to be bearish right now.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
A well diversified portfolio is essential, and its great to always have that common-sense lense of investing into stocks that have are expected to be major players as we incorporate AI into everything with a chipboard! Thanks for adding to the conversation. Amy
I am awhile from retirement 10-15 years, but i really found this video useful, thank you and ignore the haters....clearly they missed valuable information.
Straight from moneysmart. To be eligible for the Age Pension, you must: -be age 67 or over, depending on when you were born -be an Australian resident and have lived in Australia for at least 10 years (5 years with no break) -meet the income and asset tests
@@ConsortiumPW No argument with anything stated in your reply. Lots of people can and do meet your stated eligibility criteria for an OZ pension as well as meet the required conditions fora UK and other nations State pensions.
Thanks guys very clear advice for us Aussies, keep up the work! I'm looking at retirement soon with $700K super- couple I'm just turning 60yrs, but i agree with your estimate of later one partner from 85yrs is likely and greater pension. I may return to work part time in the future to boost cash flow if its a problem also possible inheritance may help as well. I believe Gifting to children lump sums will count in assets test within 5x yrs of applying for pension.
Just draw out the whole $650,00 at 65 and spend down to your Centrelink assets limit and claim a pension, its so simple but everyone makes it really complicated! Super is for spending not reinvesting or putting into Annuities! $650,000 gives you $2000 per week tax free for 6 years, So by the time you are 67 as a couple you will get full pension and benefits after just 2 years of drawing down $2000 per week and still have $450,000 in the bank!
Great Info. Can't you cut out the welcome to country crap. Aren't we all Australians. The constant talking about race creates move division and constant negativity.
Re funerals... a tip: you absolutely don't need to spend $15K for a funeral bond. $3-4K should be enough, per-person. Just put the money aside, write a note for the executor of your will. Save the money, do something better with it.
Agreed, a funeral will not cost most people $15,000 but it will be exempt from the Centrelink Assets test and increase the age pension by $780 for every $10,000 reduced making it a good deal. What is not used for the furneral is refunded. Thanks for your comment, Rob
@@mickowens9839 Why do you need a nice looking coffin? I said you don't need to spend $15K. And you don't. But if you want all the extras, well, that's a personal choice. It's not required though.
Hi Paul, I just ran some numbers and because $45,000 pa in not a big yearly expense it does work. The fund do ran down while you would be self funded through to 67, and then close to a full Age pension of over $43,000 pa. From age 67 you could actully save. Thanks Rob (General Advice Only)
Good to see the options. I wanted to know how $650k from the age of 60 a couple can retire? How much do they have yearly to spend until 93 years of age? Sorry, you didn’t get into that.
Thanks for your question. Its a difficult one to calculate, as the chances of both getting to age 93 and receiving the Age Pension as a couple is low. The difference of the full Age Pension as a couple is $44,000 compared to $29,000, which is massive. So what I do is project to age 85, assumig someone will pass away and see if there is there enough financial assets to supplement the $29,000 single Age Pension, for those years when not too much is spend. Also retiring at age 60 means you are self funded until Age Pension age at 67. Now after saying all that, to answer your question. An income of $58,000 indexed to CPI less 0.5% pa (We spend less as we age) should see enough funds for the remaining single penioner at age 85. Sorry that was a lot, but hope it helped. Regards Rob
@@Procharged32I would hope the template starts at the average age and is then tailored to be more closely aligned to the individuals involved. Often this involves you providing an assessment with some knowledge. I had employment which involved risk management so I was familiar with estimating forward in many scenarios.. eg saying 74.5 % of people like say the colour blue is ‘less’ accurate than saying about three quarters of people like the colour blue.
Suggestion: change title of video to "How to retire on $650,000 AND YOUR OWN HOME as a couple in Australia". It's all about owning your own home. If you don't, you are going to have a very hard time retiring on 650K. Rent is going to take out most of that nest egg. IMO, this is going to cause major problems in Australia, as many more people will never be able to buy their own home.
Hmmm, like the suggestion for some other variations of the theme. I agree, home ownership should be a goal for everyone, that goal is now so difficult to achieve given the crazy house prices and debt levels needed to purchase a home. Thanks Rob
I thought this was going to be good then we had to have acknowledgement of country. I just got off a plane and had the same thing. I'm so over it. Will go elsewhere for advice.
I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $1m+ before retirement in 3 years.
Hi Rob & Amy l thought the presentation was good l would like to see a scenario where a couple was going to retire abroad at let’s say 65 years of age would that be possible
Just listen to their advice & stop complaining about traditional custodian acknowledgement. It’s costs you nothing to listen, and the majority of retirees need all the help they can get.
Yep I am another who was initially interested but I stopped the video the moment you trotted out the woke ‘welcome to country’. I don’t need to be welcomed to my own country and u probably don’t even know why you are saying it. Sorry but you’ve lost me.
I wonder when they are going to acknowledge other ethnicities e.g. Greek Australians or Vietnamese Australians. It is explicitly racist to select 1 and only 1 ethnicity - not their intention I suspect!
Thanks for video. I kow a few pensioners that can actualy save money on the pension. I am trying to work out when to retire 61 at present.dont want to work to 67. I would agree your job is to give the best financial advice.not promote a particular way of thinking that may on not be popular depending on your audience. Thanks ben
Everyone has different needs and values. Some of the happiest people I've meet are on a full Age pension and nil investments. I've seem some of my very wealthy stressed at time because of $$. If you can live off a lower income, it provides you more options to retire prior to Age Pension age. Get some advice and complete the projections, the numbers should be our guild. Thanks Rob
Next time you want to do that woke acknowledgement crap, don't forget to acknowledge the people who were brought here kicking and screaming against their will for crimes that would today be punishable by a fine or community service. Actually, it's the first nations people who should do that but I've never heard of it being said by them.
A couple who retire on $ 650k can still get full pensioner , Some they still got a mortgage to pay when retire or want renovate they existing home so they will spent some of that $650 Live comfortably on full pension and have the rest of the $650 in the bank 👍👍
@@Rick-kj9dd A couple who retire on $ 650k can still get full pensioner , Some they still got a mortgage to pay when retire or want renovate they existing home so they will spent some of that $650 Live comfortably on full pension and have the rest of the $650 in the bank 👍👍is clear now
Great work guys ;) Ignore the keyboard warriors with their pants around their ankles.... this is great stuff. are you able to do a single person at 60?
Once you started the welcome to country I turned off! We just don't need it in this situation. And anyway you both are too young to give advise to 65+ people.
It's not only the money they get it's vall the other benefits eg power bills ,rego, medical, dental, even hearing aids . Where as i don't receive one cent of government assistance. Because i planed but i am not rich 750000goes quickly but as soon as i can i will be getting everything im entitled to.
And so you should. Superannuation was never intended (except in the LNP party room) to ‘replace’ the pension, it’s a supplement to support Australians in retirement. I celebrate I won’t need the pension immediately at 67 like yourself.
If I known I would not invest the way I did. I INVESTED JUST UNDER $400,000 and did not relies that I would loss $11,423.30 from $29,023 pension annual, leaving me with $17, 423.30.This is because previous government put a ASSETS TEST on your investment, it is a discrimination against anyone who what to feel comfortable in their retirement. At the sametime you can put (say $400,000) in a FAMILY TRUST FUND and still get the pension "because " you now have nno or little money. But at the sametime your family will assist you in anything you need. Therefore you pension becomes more a comfortable amount to live, giving that extra cash to do with it.
Thanks for your comment. The Centrelinks asset and income test has in place for decades, there has been changes over time. For a single home owner the lower is $314,000 excluding your home, the pension reduces up $686,250 and cuts out after this amount. There are ways to reduce the assessable assets, Lifetime annuity, gifting, or funeral bonds. If you move your assets to a Family Trust that you control the assets are still assessable under your name. If controled by a family member and you still benefit, Centrelink may still apply the assets to you. Regards, Rob
@@ConsortiumPW so you think that is OK to still discriminate against anyone who has ""more"" than the amount you ""should "" . This is very similar as a person who controls a partner under the Domestic Abuse.
You lost me and all of your credibility with the woke welcome to country crap. No subscription from me today. Next time start with something less divisive.
What's divisive about paying respect to the original custodians (65,000 years) of this land that we call home? Attitudes like yours are the source of hate and division.
@@annecrestani9218 Wouldn't it be nice to engage in something non political without lefties who have never paid respect to anyone, demanding respect ,from everyone. I assume you would have been respectful if this video has started with a tribute to Cptn. Cook and British colonization. Lets just keep it non political then, so you can keep your hatred for some other lefty cause.
@@annecrestani9218 So you'd be ok about seeing a tribute to cptn Cook and British colonization in a retirement video. Perhaps it's just better to keep it all non political and that way you can keep your hatred and lack of respect for other not wanting to be brainwashed to yourself.
Hi Tony, fees can have a significant impact on your net returns and your balance over a long period of time. Important to understand what your paying, there are three types of fees. Product admin fees, ICR or investment manager fees and possibly a adviser fee if you use an adviser. If your in an old product, it may be costly when compared to more modern day options.
Hi Danny, per member of a couple this would be considered a comfortable income for the first half of retirement, as per the ASFA retirement standard. Thanks, Amy
@@ConsortiumPW We worked all our entire life for this country, when we are getting old, unable to work any longer we need to be look after well by this country, with cost living are skyrocket what today's $450 per week can buy you? TBH, it can't even buy you a plumber visit! It's so sad when people getting old, actually they are the most vulnerable people of society. NZ and UK none of them has mean test for retirees why does Australia to follow their cousins to do the same for its own retirees give them a decent retirement life for their last life journey. I personally agree what UK and NZ does to their retirees that is call Generous!
@@dannyfire8694 The country doesn't owe you a living in retirement mate. You owe it to yourself to have your house paid off before you get to that age and do the preparation well before retirement. The whole point of the Superannuation scheme being set up back in the 80's was to take the pressure off people needing to sponge off the pension system. You sound like you want your cake and to eat it as well - not going to happen.
@@Bobbydazzlla You are wrong! That is why we work hard when we are young, pay taxes, and build a country where every taxpayer can enjoy their old age with peace of mind. Instead of having the elderly either forced to leave because of the high cost of living that they cannot afford, or stay and live in poverty... This is a country where politicians enrich themselves for their own retirement, and this country continues to accept new immigrants and refugees, who are taken care of better than their own elderly, but do not contribute anything.
@@danielguo1033 Mate, my dad told me at a very early age that - I'll always have to work and I'll always have to pay taxes and the sooner I get over that fact the happier I'll live. Sounds like YOU needed that talk. He was right, I worked on a production line, added as much money as I could to my super, and retired 4 years ago aged 54. No one owes any of you anything and the soon you realize that in life the less you'll belly ache about it later.
Only way anybody is going to survive on 650K when they start their retirement nowadays is by moving out of the country 😂. Ours in Oz is totally messed up now. It’s too late for me, save yourselves!! 😮
Thankyou for continuing to acknowledge our traditional owners. Privileged white felllas like me who continue to benefit from colonisation should always remain humbly aware of the cost paid. To those complaining, maybe you should consider investing as much time in educating yourself as you spend disparaging something you don’t understand. Or just be quiet.
The irony - I always thought being "woke" was having a sook and complaining when you don't get your own way (so that would make you "woke"). And don't kid yourself, you're only speaking for the vast majority of boof heads with an antiquated opinion.
Paying your "contrived respects", then as financial advisers you actually support and at times encourage clients as Investors to OWN Australian Property as an asset class, LOL; divisive & hypocritical! Perhaps stick to your lane!
Very disappointing that you had to start this with a mindless welcome to country. This is corporate box ticking and extremely irritating. The land you operate on is owned by either yourselves or your landlord. The indigenous people haven’t done anything for your land or your business. Your company has done it all! Rant over!
There is nohing “hateful or racist” here in the comments section; if you believe there is then report it and have it removed. One thing people do hate is being continually welcomed to their own country everyday. Can you imagine if some stranger rang your doorbell everyday and welcomed you into your own house. This divisive rubbish needs to end.
@annecrestani9218 allowed to have a point of view. . It wasn't racist either it was just that everywhere you go, you don't need to be constantly reminded it has lost all meaning. this constant barrage is what's causing separatism division. You don't know anything about me and my family ties, I'm married to someone who has indigenous ancestors, as is my daughter, and my grandchildren are part aboriginal due to that fact, but it is OVER used
Hi Rick, thanks for the feedback, we tend to allow the recorded podcasts (such as this video) to be much more casual in presentation. If you are after more professional style vidoes, you may enjoy the short videos on our channel. Kindly, Amy.
Acknowledgement of land , HAA. How many indigenous people do you think watch these videos? I'll take a guess and say ''ZERO'' So who are you pandering to?
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
@@AlilatTiamiyu That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@@ClarieZwiehoff My advisor is *MARGARET MOLLI ALVEY*
You can look her up online
@@AlilatTiamiyu The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
The moment I hear the words "welcome to country " it's to time switch off.
Why is your respect limited to First Nation people?
If we are expressing our gratitude for those important elders of the past we should also thank the hard working men and women who endured great hardship to make this country great; the young people who strive to educate themselves to help us navigate future challenges; Americans soldiers for their sacrifice to defend our freedom.
It’s a great habit to offer gratitude and respect to those who deserve it, so let’s get real.
Thanks for your feedback Richard, regards Rob
Yeah every meeting and presentation in Australia has this in the introduction.
We are all over the BS of acknowledgement.
Recently, I've been pondering retirement. I've also invested $800K on S&P 500 so i could secure my financial future. i need an approach to invest in Stocks like Nvidia stocks and of course AI stocks that will align with my risk tolerance and financial goals but it seem to be bearish right now.
While the market is promising, expert guidance is essential for effective portfolio management.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advisor? I'll be happy to use some help.
Her name is ‘Dianne Sarah Olson’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
A well diversified portfolio is essential, and its great to always have that common-sense lense of investing into stocks that have are expected to be major players as we incorporate AI into everything with a chipboard! Thanks for adding to the conversation. Amy
Just stumbled across your channel. Great to see some Aussie content on TH-cam. Well presented and easy to listen too.
Thanks Shane
I am awhile from retirement 10-15 years, but i really found this video useful, thank you and ignore the haters....clearly they missed valuable information.
Thanks for such a clear explanation of the various scenarios - you both made things make sense.
Glad it was helpful! Rob
Was looking forward to see what you had to say about the topic of this video. Sorry, but had to turn it off at the 50sec mark.
Thanks for your feedback, it was a good chat. Rob
Sorry but I just had to switch off after the initial acknowledgement to country. Sick of this and we dont need it on this platform.
What about checking your eligibility for any overseas pension ? I have lived in OZ since my late 20’s and still qualified for UK pension.
Straight from moneysmart.
To be eligible for the Age Pension, you must:
-be age 67 or over, depending on when you were born
-be an Australian resident and have lived in Australia for at least 10 years (5 years with no break)
-meet the income and asset tests
@@ConsortiumPW No argument with anything stated in your reply. Lots of people can and do meet your stated eligibility criteria for an OZ pension as well as meet the required conditions fora UK and other nations State pensions.
Knowing about the immunity and its exemtion was new to me . Not easy to get these informations .Thank you .
Glad it was helpful!
Wow, didn’t realise you guys had such a sov citz demographic in the comments.
Solid information guys.
Would a segment on debt recycling be possible (pros, cons, products, asset and debt ownership structures, etc)? Really enjoy your videos, thanks guys.
Great suggestion Glenn! Thanks Rob
Thanks guys very clear advice for us Aussies, keep up the work!
I'm looking at retirement soon with $700K super- couple I'm just turning 60yrs, but i agree with your estimate of later one partner from 85yrs is likely and greater pension. I may return to work part time in the future to boost cash flow if its a problem also possible inheritance may help as well. I believe Gifting to children lump sums will count in assets test within 5x yrs of applying for pension.
Thats correct, any amount over $10,000 per FY will be assessed for 5 years.Cheers Rob
Switched of as soon as you started that divisive crap so sick of this shit
Thanks for your feedback, Rob
Just draw out the whole $650,00 at 65 and spend down to your Centrelink assets limit and claim a pension, its so simple but everyone makes it really complicated! Super is for spending not reinvesting or putting into Annuities! $650,000 gives you $2000 per week tax free for 6 years, So by the time you are 67 as a couple you will get full pension and benefits after just 2 years of drawing down $2000 per week and still have $450,000 in the bank!
Great Info. Can't you cut out the welcome to country crap. Aren't we all Australians. The constant talking about race creates move division and constant negativity.
Yep, we are all over it
Thanks for the feedback Darin. Amy
100% do not need the divisive crap at the beginning. Well said.
So rude. It doesn't hurt anyone to be respectful to others by paying respects. The ugly side of bogan Australia
@@ConsortiumPW Thank you for acknowledging and paying your respects to the traditional custodians of our nation. I appreciate it.
Welcome to country is so off putting, irrelevant and meaningless virtue signal.
Re funerals... a tip: you absolutely don't need to spend $15K for a funeral bond.
$3-4K should be enough, per-person. Just put the money aside, write a note for the executor of your will.
Save the money, do something better with it.
Agreed, a funeral will not cost most people $15,000 but it will be exempt from the Centrelink Assets test and increase the age pension by $780 for every $10,000 reduced making it a good deal. What is not used for the furneral is refunded. Thanks for your comment, Rob
You clearly have not purchased a double plot at the Grave yard, A nice looking Coffin is thousands, even my mum & dads and they were cremated
@@mickowens9839 Why do you need a nice looking coffin?
I said you don't need to spend $15K. And you don't.
But if you want all the extras, well, that's a personal choice. It's not required though.
Love your show ❤
Clear enough..good info
Lost me at acknowledgement 😮
Great presentation and ignore the haters - good to hear some Aussies on these topics thanks for sharing
So a couple with $650K in super, who own their house (but no other assets) retire at 60 - they ‘ withdraw’ from super $45K yr indexed - all good?
Hi Paul, I just ran some numbers and because $45,000 pa in not a big yearly expense it does work. The fund do ran down while you would be self funded through to 67, and then close to a full Age pension of over $43,000 pa. From age 67 you could actully save. Thanks Rob (General Advice Only)
Good to see the options. I wanted to know how $650k from the age of 60 a couple can retire? How much do they have yearly to spend until 93 years of age? Sorry, you didn’t get into that.
Thanks for your question. Its a difficult one to calculate, as the chances of both getting to age 93 and receiving the Age Pension as a couple is low. The difference of the full Age Pension as a couple is $44,000 compared to $29,000, which is massive. So what I do is project to age 85, assumig someone will pass away and see if there is there enough financial assets to supplement the $29,000 single Age Pension, for those years when not too much is spend. Also retiring at age 60 means you are self funded until Age Pension age at 67.
Now after saying all that, to answer your question. An income of $58,000 indexed to CPI less 0.5% pa (We spend less as we age) should see enough funds for the remaining single penioner at age 85. Sorry that was a lot, but hope it helped. Regards Rob
At 66 or 67 they can apply for full pensioner very simple
78 is the average death rate
@@Procharged32I would hope the template starts at the average age and is then tailored to be more closely aligned to the individuals involved. Often this involves you providing an assessment with some knowledge. I had employment which involved risk management so I was familiar with estimating forward in many scenarios.. eg saying 74.5 % of people like say the colour blue is ‘less’ accurate than saying about three quarters of people like the colour blue.
It would be good to receive some scenarios printable.
Would be great to do another one of these for singles :)
Recording this one today. Thanks for the suggestion, Rob
Suggestion: change title of video to "How to retire on $650,000 AND YOUR OWN HOME as a couple in Australia".
It's all about owning your own home.
If you don't, you are going to have a very hard time retiring on 650K. Rent is going to take out most of that nest egg.
IMO, this is going to cause major problems in Australia, as many more people will never be able to buy their own home.
Hmmm, like the suggestion for some other variations of the theme. I agree, home ownership should be a goal for everyone, that goal is now so difficult to achieve given the crazy house prices and debt levels needed to purchase a home. Thanks Rob
home does bring in any income but does save rent.
I thought this was going to be good then we had to have acknowledgement of country. I just got off a plane and had the same thing. I'm so over it. Will go elsewhere for advice.
I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $1m+ before retirement in 3 years.
Hi Rob & Amy l thought the presentation was good l would like to see a scenario where a couple was going to retire abroad at let’s say 65 years of age would that be possible
Hi Vincent, are you thinking that the income needs would be lower abroad and if so, how much do you think you might need from age 65? Thanks Rob
@@ConsortiumPW Hi Rob l will send you an email. Thanks Vince.
If possible, can you please do a similar video for Americans who live in the United States? Thank you so much for your educational videos.
Sorry but dont know your social sercurity system. Thanks for asking
Just listen to their advice & stop complaining about traditional custodian acknowledgement. It’s costs you nothing to listen, and the majority of retirees need all the help they can get.
We wont stop educating either way :) Thanks for the comment. Amy
@@ConsortiumPWEducating? BS!
@@Diesel-pi8mi welcome or acknowledging totally irrelevant to financial advice ,….mere virtue signalling 😩
Yep I am another who was initially interested but I stopped the video the moment you trotted out the woke ‘welcome to country’. I don’t need to be welcomed to my own country and u probably don’t even know why you are saying it. Sorry but you’ve lost me.
Thanks for your feedback. Cheers Rob
I wonder when they are going to acknowledge other ethnicities e.g. Greek Australians or Vietnamese Australians. It is explicitly racist to select 1 and only 1 ethnicity - not their intention I suspect!
Talk about triggered hypersensitive anti woke cancel culture. Poor diddums victim of what??????????
Thanks for video.
I kow a few pensioners that can actualy save money on the pension.
I am trying to work out when to retire 61 at present.dont want to work to 67.
I would agree your job is to give the best financial advice.not promote a particular way of thinking that may on not be popular depending on your audience.
Thanks ben
Everyone has different needs and values. Some of the happiest people I've meet are on a full Age pension and nil investments. I've seem some of my very wealthy stressed at time because of $$.
If you can live off a lower income, it provides you more options to retire prior to Age Pension age. Get some advice and complete the projections, the numbers should be our guild. Thanks Rob
Next time you want to do that woke acknowledgement crap, don't forget to acknowledge the people who were brought here kicking and screaming against their will for crimes that would today be punishable by a fine or community service. Actually, it's the first nations people who should do that but I've never heard of it being said by them.
Thanks for your feedback. Cheers Rob
A couple who retire on $ 650k can still get full pensioner ,
Some they still got a mortgage to pay when retire or want renovate they existing home so they will spent some of that $650
Live comfortably on full pension and have the rest of the $650 in the bank 👍👍
Learn how to write a sentence that makes sense!
@@Rick-kj9dd A couple who retire on $ 650k can still get full pensioner ,
Some they still got a mortgage to pay when retire or want renovate they existing home so they will spent some of that $650
Live comfortably on full pension and have the rest of the $650 in the bank 👍👍is clear now
Nope. The asset limit for a full aged pension for a couple (who own their home) is $470,000.
You Can do without the virtue signalling it means nothing .
Thanks for your feedback, regards Rob
Thank for this great video… there’s so much information I learned
Glad it was helpful!
Great work guys ;) Ignore the keyboard warriors with their pants around their ankles.... this is great stuff. are you able to do a single person at 60?
Turned you guys off straight away welcoming to my own country in my living room. It means nothing now anyway.
Bye
Once you started the welcome to country I turned off! We just don't need it in this situation.
And anyway you both are too young to give advise to 65+ people.
Advice. Too young to give advice, why? They are qualified financial advisors who understand the centrelink system and investment strategies.
Cut out the wokeness. We live here and this is our country... we dont need to be welcomed to it!
Thanks for your feedback. Cheers Rob
I was very interested in what you are about to say but switched off as soon as you wanted to preach the woke religion.
I fast forward through all of these whenever I hear them.
Buh bye then! 🏳️🌈
Agreed, not interested in your wokeness and guilt…
Thanks for the feedback Steve. Amy
Did same.
It's not only the money they get it's vall the other benefits eg power bills ,rego, medical, dental, even hearing aids . Where as i don't receive one cent of government assistance. Because i planed but i am not rich 750000goes quickly but as soon as i can i will be getting everything im entitled to.
And so you should. Superannuation was never intended (except in the LNP party room) to ‘replace’ the pension, it’s a supplement to support Australians in retirement. I celebrate I won’t need the pension immediately at 67 like yourself.
If I known I would not invest the way I did. I INVESTED JUST UNDER $400,000 and did not relies that I would loss $11,423.30 from $29,023 pension annual, leaving me with $17, 423.30.This is because previous government put a ASSETS TEST on your investment, it is a discrimination against anyone who what to feel comfortable in their retirement. At the sametime you can put (say $400,000) in a FAMILY TRUST FUND and still get the pension "because " you now have nno or little money. But at the sametime your family will assist you in anything you need. Therefore you pension becomes more a comfortable amount to live, giving that extra cash to do with it.
Thanks for your comment. The Centrelinks asset and income test has in place for decades, there has been changes over time. For a single home owner the lower is $314,000 excluding your home, the pension reduces up $686,250 and cuts out after this amount. There are ways to reduce the assessable assets, Lifetime annuity, gifting, or funeral bonds. If you move your assets to a Family Trust that you control the assets are still assessable under your name. If controled by a family member and you still benefit, Centrelink may still apply the assets to you. Regards, Rob
@@ConsortiumPW so you think that is OK to still discriminate against anyone who has ""more"" than the amount you ""should "" . This is very similar as a person who controls a partner under the Domestic Abuse.
This is for Australians not for Americans
You lost me and all of your credibility with the woke welcome to country crap. No subscription from me today. Next time start with something less divisive.
Thanks for the feedback. Amy
What's divisive about paying respect to the original custodians (65,000 years) of this land that we call home? Attitudes like yours are the source of hate and division.
@@annecrestani9218 Wouldn't it be nice to engage in something non political without lefties who have never paid respect to anyone, demanding respect ,from everyone. I assume you would have been respectful if this video has started with a tribute to Cptn. Cook and British colonization. Lets just keep it non political then, so you can keep your hatred for some other lefty cause.
@@annecrestani9218 So you'd be ok about seeing a tribute to cptn Cook and British colonization in a retirement video. Perhaps it's just better to keep it all non political and that way you can keep your hatred and lack of respect for other not wanting to be brainwashed to yourself.
Yep, just keep it neutral. This is not the appropriate venue. 15:59 just skip any irrelevant content @DeeJay-t2g
Im surprised how much i pay my super fund in fee's on 600k
Hi Tony, fees can have a significant impact on your net returns and your balance over a long period of time. Important to understand what your paying, there are three types of fees. Product admin fees, ICR or investment manager fees and possibly a adviser fee if you use an adviser. If your in an old product, it may be costly when compared to more modern day options.
WTF! acknowledgement of country on you tube pod cast now - give me a break! I'm outa here.
Thanks for your feedback, Regards Rob
U are doing amazing work👏🏽
Thank you for expressing the gratitude in the
beginning of the video. It is similar to paying
respect to the common ancestors of humanity.
Thanks for your feedback, regards Rob
retire age 67 year, $450 per week you call very generous??
Hi Danny, per member of a couple this would be considered a comfortable income for the first half of retirement, as per the ASFA retirement standard. Thanks, Amy
@@ConsortiumPW We worked all our entire life for this country, when we are getting old, unable to work any longer we need to be look after well by this country, with cost living are skyrocket what today's $450 per week can buy you? TBH, it can't even buy you a plumber visit! It's so sad when people getting old, actually they are the most vulnerable people of society. NZ and UK none of them has mean test for retirees why does Australia to follow their cousins to do the same for its own retirees give them a decent retirement life for their last life journey. I personally agree what UK and NZ does to their retirees that is call Generous!
@@dannyfire8694 The country doesn't owe you a living in retirement mate. You owe it to yourself to have your house paid off before you get to that age and do the preparation well before retirement. The whole point of the Superannuation scheme being set up back in the 80's was to take the pressure off people needing to sponge off the pension system. You sound like you want your cake and to eat it as well - not going to happen.
@@Bobbydazzlla You are wrong! That is why we work hard when we are young, pay taxes, and build a country where every taxpayer can enjoy their old age with peace of mind. Instead of having the elderly either forced to leave because of the high cost of living that they cannot afford, or stay and live in poverty... This is a country where politicians enrich themselves for their own retirement, and this country continues to accept new immigrants and refugees, who are taken care of better than their own elderly, but do not contribute anything.
@@danielguo1033 Mate, my dad told me at a very early age that - I'll always have to work and I'll always have to pay taxes and the sooner I get over that fact the happier I'll live. Sounds like YOU needed that talk. He was right, I worked on a production line, added as much money as I could to my super, and retired 4 years ago aged 54. No one owes any of you anything and the soon you realize that in life the less you'll belly ache about it later.
Thank you for your reply.
Only way anybody is going to survive on 650K when they start their retirement nowadays is by moving out of the country 😂. Ours in Oz is totally messed up now. It’s too late for me, save yourselves!! 😮
I see many people get by on this amount plus the Age Pension
The welcome to nation should be reserved for special occassions only
Thank you for your feedback, cheers Rob
Thankyou for continuing to acknowledge our traditional owners. Privileged white felllas like me who continue to benefit from colonisation should always remain humbly aware of the cost paid. To those complaining, maybe you should consider investing as much time in educating yourself as you spend disparaging something you don’t understand. Or just be quiet.
Oh another bleeding heart!
Great to see acknowledgement of country - not sure how this is ‘woke’ … great talk, thanks
Thanks for your feedback, Rob
Better stay single and have children sharing your house, which in turn shares expenses.
If you want to be taken seriously, drop the woke crap. I didn't finish watching.
Thanks for your feedback, Rob
Also switched off soon as the WOKE bullshit started unreal
Thanks for the feedback Paul. Amy
You lost me the instant you started that woke bull$hit. The vast majority of us don't want to hear that garbage.
Thanks for your feedback. Cheers Rob
The irony - I always thought being "woke" was having a sook and complaining when you don't get your own way (so that would make you "woke"). And don't kid yourself, you're only speaking for the vast majority of boof heads with an antiquated opinion.
Woke!
My prediction for word of the year 2024 too. Amy
Who’s the “owners of this land”
I agree
There are multiple, they are Jaadwa, Jadawadjali, Jupagulk, Wergaia and Wotjobaluk people. Amy
Whats this statement got to do with an educational video for retirement? Why is necessary? @@ConsortiumPW
@@ConsortiumPW Just ignore their hateful, racist comments
Woke introduction, good bye,
Thanks for your feedback, Rob
Paying your "contrived respects", then as financial advisers you actually support and at times encourage clients as Investors to OWN Australian Property as an asset class, LOL; divisive & hypocritical! Perhaps stick to your lane!
Thanks for sharing your thoughts Andrew. Amy
I turned off when you mentioned paying your respects ...huge fail
They are compliant people sadly a sucker born every day
Why are you do hateful?
Thanks for the feedback Brent. Amy
Why are you so hateful?
They singled out one small group on the basis of race - classic racist behaviour!
Very disappointing that you had to start this with a mindless welcome to country. This is corporate box ticking and extremely irritating. The land you operate on is owned by either yourselves or your landlord. The indigenous people haven’t done anything for your land or your business. Your company has done it all! Rant over!
Thanks for leaving a comment. Amy
@@ConsortiumPW Why are you thanking people for their hateful, racist comments?
Lost me at welcome to country bullshit!
Thanks for the feedback!! Amy
Yep….turned at the woke thanking
Thanks for your feedback, regards Rob
Please ignore the ignorant, hateful, racist comments posted here. Very disappointing
There is nohing “hateful or racist” here in the comments section; if you believe there is then report it and have it removed. One thing people do hate is being continually welcomed to their own country everyday. Can you imagine if some stranger rang your doorbell everyday and welcomed you into your own house. This divisive rubbish needs to end.
Got 1 minute in the woke virtue signalling stated and I said goodbye. At least you got a 👎.
Sorry you couldnt get past that. Amy
What a shame you had to spoil it with your virtue signalling
Thanks for commenting. Amy
are you serious???? Get a life, show some respect to the original custodians of this country (65,000+ years). Geez there is so much hate and racism
@annecrestani9218 allowed to have a point of view. . It wasn't racist either it was just that everywhere you go, you don't need to be constantly reminded it has lost all meaning. this constant barrage is what's causing separatism division. You don't know anything about me and my family ties, I'm married to someone who has indigenous ancestors, as is my daughter, and my grandchildren are part aboriginal due to that fact, but it is OVER used
I didn't feel that presentation was professional at all!
Hi Rick, thanks for the feedback, we tend to allow the recorded podcasts (such as this video) to be much more casual in presentation. If you are after more professional style vidoes, you may enjoy the short videos on our channel. Kindly, Amy.
@@ConsortiumPW I found the information informative and very easy to understand. Thanks.
If I had $ 650,000 I would not be living in the U.S. or Australia!
Thanks to the Aus Age pension it can be done here no problems
Acknowledgement of land , HAA. How many indigenous people do you think watch these videos? I'll take a guess and say ''ZERO''
So who are you pandering to?
Thanks for the feedback. Amy
Geez anti woke butt hurt people on here 😊😂
Thanks for the commentr George :)
Advise to couple who retire at 65 spent more then you can
Pay you funeral up front buy you cemetery plot and monument 🏛