Midlife Money Matters

When Jacqui and Ingrid were planning this series Midlife Money Matters, we knew we wanted to keep it simple and cover the basics as much as we could Jacqui realised that there is NO podcast for older women in Australia and we set out to fix that!! We are really pleased with your response to this series of money episodes and we thank you for all your emails and your reviews In this the final episod...

You have probably heard these terms and maybe wondered ... what do they actually mean? and why would I get one? Powers of Attorney Enduring Guardianship   Binding Death Nominations  In this episode - less than 15 minutes - we cover the basics of these 3 important aspects of effective Estate Planning Who would you appoint? What would they making decisions about? and the all important - what happens...

Part 3 of our series about Retirement Living options What are the Issues and Costs of a Move into an Age Care Facility We understand and acknowledge this is or can be an emotional topic. Both Jacqui and Ingrid have been through this with their parents - so we understand completely You may have read and heard about residential age care in the media. Most people are quite resistant to going into car...

Estate Planning is more than just having a will  We answer some of the following questions about Estate Planning Why is Estate Planning important ?? and there are many reasons why Estate Planning is important  Almost 70% of women in Australia do not have their Estate Planning in place What is a Will? What needs to be included in your Will? What motivates people to make their Will? Did you know tha...

When it comes to Retirement living many people like the idea of downsizing from the family home and moving into a Retirement Village In this episode we talk about some of the key factors to consider when assessing a Retirement Village as a retirement option A few key points from this episode: It is essential to fully understand all the fees and charges involved. There are entry fees and exit fees...

This is the first of a series: Retirement Living  This episode is: Accessing Care at Home This episode is recorded and contains accurate information as at August 2023 "I want to stay in my own home as long as possible" We know this to be true for so many people. Yep! Including us!! In this episode we look at ways you CAN stay in your own home for a long as possible What are the steps to take to en...

Midlife Money Matters is a podcast about money in retirement and helping you figure out how much money you need to live your best life when you finish working. So, today's topic is important One of the important considerations is how are you going to spend your time? how will you keep your mind active? Who will be the people you spend time with? In this episode we don't define retirement, what we...

The Bank of Mum and Dad is a hot topic right now as we record this episode - July 2023 We know the media is talking a lot about this topic. We have received a number of emails with questions from parents who are considering helping their kids, and in some cases their grandkids, financially  In this episode we offer some questions for your consideration We also offer some possible and potential sce...

Here in Australia the Aged Pension is managed through Centrelink In this episode we walk through some of the basics when it comes to dealing with Centrelink A few key points to take from this episode: Start the process early - don't wait till you reach pension age Gather all your documents together before you start the application process Simplify your financial matters and assets - to help with t...

You might be surprised to learn that the divorce rate for over 50s in Australia is the fastest growing divorce AND most of the divorces are instigated by women, and not the men! If you are considering divorce - or if someone you know is in this situation - then this is an important episode for you We discuss some of the basic mistakes that we have seen and offer suggestions of what has worked for...

Our listener Maddie sent in a question: "Thanks so much for your podcast, am learning a lot already I don't really understand how interest works – can you please explain what it is and how it works?" In explaining the cost of credit card interest in this episode we mention 2 online interest calculators: We encourage you to click the link and plug in some of your own numbers - maybe from your credi...

What is your most valuable asset? How do you ensure that you have the right insurance for your most valuable asset? In this episode we look at the 4 different types of personal risk insurances: Life insurance - which most people have heard of - with life insurance your estate receives a lump sum in the event of your death. Most policies will also pay out early if you can prove you have less than 1...

As at 1 July 2023, the super guarantee rate in Australia is  11% . The Superannuation Guarantee requires employers to pay 11 per cent of an employee's earnings into their superannuation fund. Further increases of 0.5% are scheduled each financial year until 2025 when the rate reaches 12%. As we mentioned in episode 4 one of the most important aspects of superannuation is to make sure all your supe...

In this episode we go even more into superannuation and explain different ways it can help you - help you to build wealth and prepare you financially for your retirement.  Many people truly do not understand what super is and how it works and why it is important In Australia it is compulsory for all employers to contribute super for all employees - from 1 July 2023 the amount is 11 % of your salar...

Building Wealth for Retirement   Statistics show that most people in Australia want to retire at about age 65 - the reality is that  the majority of people actually retire - stop working - at age 55, and for a variety of reasons. In Australia you are only able to apply for the Aged pension from age 67 If this was you, what would you do for money to live on between age 55 and 67?? Remember in the i...

Do you know how much money you earn every week, month, year?  How much lands in your bank account every week, month, year? These numbers might be quite different to each other Where does your money come from?  In the previous episode we looked at how to calculate how much you need to maintain your lifestyle and in this episode we're all about how you pay for what you need Once you know how much mo...

Do your eyes glaze over when you hear someone talking about calculating how much it costs you to live - we promise our approach will help make this easier for you We know that many people avoid doing this and in this episode we are here to encourage you to take the time to do this - truly you only need to do this once and then afterwards only need to tweak when things change We give practical exam...

Did you know that by 2030 - in just 7 years time - one on three Australians will be over the age of 55 years   This is astonishing   In this Intro episode of Midlife Money Matters podcast, Jacqui Irwin and Ingrid Thomspon introduce themselves and outline "Why this podcast?" and "Why now?"     We need to make it clear that we do NOT provide specific financial advice on this show, it is just general...