Retirement Planning
GalleryWeighing up the Cost of Aged Care – Assets Advice Newcastle
Aged Care Rules
Was aged care on the mind of American crooner Frank Sinatra when he sung about a few regrets in his classic My Way, but his lyrics also boasted that he “planned each charted course, each careful step along the byway” of life.
Regardless of whether Ol’ Blue Eyes’ choices were wise or not, […]
GalleryThe Financial Implications of Marriage in Later Life
Romance blooms at any age, including as we get older and supposedly wiser about such things of the heart, and head. So, if you’re considering marriage, perhaps for a second time or more, give thought to the financial implications of marrying later in life and sidestepping some of the money-related hazards.
Financially, there are two […]
GalleryRetirement Planning – Brad Lonergan BMK Financial Services
If you’re looking for a Financial Planner in Newcastle, Hunter or Sydney regions then Brad Lonergan from BMK Financial Services can assist you with all your Insurance needs.
He has a broad range of experience over the past 15 years in the Financial Planning industry working with various organizations including the big four banks and […]
GalleryWe can work it out: Australia’s changing workforce
In recent years we’ve experienced a global recession that’s changed the global labour force with industries closing down, job lay-offs and increasing unemployment. On top of that, in Australia we’ve experienced significant structural and technological change that’s seen us move from an agricultural based economy to being services based.
The recently released 36th AMP.NATSEM report […]
Make Your Own Plans For Aged Care – BMK
It can be tempting to put off thinking about aged care. When you’re busy enjoying life in the present it can be challenging to find the time or desire to think too far ahead. But the key to successful ageing is having a sense of control—and when it comes to control, planning ahead is […]
GalleryTo Sell or Not to Sell? – BMK Financial Planning Newcastle
For many Australians, the family home is their largest asset. And if you’re planning to wind down from work, you may be considering what you’ll do with yours.
Like many people, you may have worked for a lifetime to build the value you hold in your family home. While selling your home may not be […]
GalleryGovernment Support in Retirement
What is the Age Pension?
The purpose of the Age Pension is to make sure you have enough income in retirement. It is a fortnightly payment made by the government to help you meet the cost of living, if your retirement savings are below a certain level.
To be eligible for the Age Pension, you must […]
GalleryEstate Planning and Distributing Your Assets
What is estate planning?
Estate planning is about wealth succession – a way to help protect the wealth you have built over your lifetime, so that it is distributed according to your wishes following your death.
You spend a large part of your life working to earn money to look after yourself, to provide for your […]
GalleryMaintaining Your Lifestyle – Annuities and Super
What is retirement income?
During your working life you receive regular income in the form of a salary or business income. In retirement, this regular income stops, so you need to draw on your savings to meet your lifestyle costs. You set up your savings so you still receive regular payments, just like a salary. […]
GalleryMaintaining Your Income – Transition to Retirement
What is transition to retirement?
Transition to retirement is a strategy that can help you reduce your working hours while maintaining the same level of income. This is achieved by drawing a pension from superannuation using the ‘transition to retirement’ condition of release.
Everyone who is preservation age (currently 55) but less than 65 years of […]