Money Over 50

Did you know that there is a maximum age limit for making personal contributions to your superannuation fund? That age is 75, but there’s a twist to this rule. In this episode, Dallas and Ali discuss the twist, and exactly how late you can contribute to your super fund (to the day!). So if you’re in your 70s (or not far off!), this podcast is for you. For more information, please visit www.mo50.co...

July 1st, 2024 is just over a year away, and it’s an important date for the financially savvy.  In this episode, Dallas and Ali discuss the yearly concessional contributions cap and what the carry forward opportunities mean for you. Making the most of this opportunity doesn’t just boost your tax savings; it also increases your retirement savings, too. For more information, please visit www.mo50.co...

You may or may not have heard that from 1 July 2024, there are going to be tax cuts. What does that mean? How does that affect you? And most importantly, is there anything you can be taking advantage of before the changes? In this episode, Dallas and Ali sit down and discuss these questions, and give an example on how the current tax brackets can be used to increase your tax return. For more infor...

This is a repeat of one of our listener favourites. If you wanted to lose weight, would you sit on the couch eating donuts, or have a salad and do some exercise? The answer is simple, yet many people don’t achieve their goals. Often, we want things to happen right away. This is instant gratification. And like losing weight, saving money and preparing for retirement is a long game.  In this episode...

This is a repeat of one of our listener favourites In our industry, it is common to see investors become fearful that bad times will last forever. There will always be forces at play that will work against this. Things will never get as bad you think they will, and if they do, there's nothing we can do about it. For more information, please visit www.mo50.com.au

This is a replay of one of our favourite episodes. Jerry Seinfeld is a hero when it comes to comedy. In our eyes, he can do no wrong! But when it comes to stocks, his strategy on the show is slightly more like gambling than investing …  In this episode, Dallas and Michael discuss how you can be smarter than Jerry when you invest, and why a diversified portfolio is less volatile than a term deposit...

What do you consider to be the worst-case scenario when it comes to your retirement? Running out of money? Outliving your partner? Whatever fears people may have, many don’t tend to think they will live long enough to see their 80s or 90s, anyway. But the fact is, it’s very common for at least one person in a couple to live for 30 years or more after they’ve retired. In this episode, Dallas and Al...

If your partner or spouse decided to go and buy a new car for themselves, how would you feel? Would you want to upgrade your own vehicle, too? In this episode, Dallas and Ali discuss why only one member of a couple should get a new car at any one time, and how this impacts their savings.  For more information, please visit www.mo50.com.au

People often underestimate the power of compounding. Coupled with consistency, it’s how some people build a healthy retirement fund. It’s not that they’re just ‘good with money’ or that they have a higher income than most – rather, it’s a combination of consistency and compounding when it comes to their financial decisions. In this episode, Dallas and Ali discuss how and why this is the case (and...

Buying a house is something that many people see as a milestone; something to aspire to. A place to call home and provide you with security. But once you’ve done the hard yards, bought the house and moved in, will you really be as happy as you anticipated? In this episode, Dallas and Ali discuss a recent property purchase by a Money Over 50 financial adviser, and how it really made him and his wif...

How does a $9,000-tax return sound? Getting a lump sum of money at the end of the financial year can come in handy for those large, unexpected expenses you haven’t accounted for. In this episode, Dallas and Michael discuss how you can leverage your concessional contribution cap to get a significant tax return and pay less income tax, and how to set up your bank accounts with the most effective str...

It is human nature to compare ourselves to others. In fact, we compare everything – material possessions, the size of our homes. Experiences, however, are harder to compare, but often bring us more joy. In this episode, Michael and Dallas discuss what studies have already shown us: that spending money on experiences is better than spending money on material possessions; and why it is good for us f...

Fact: volatility is something we should all WANT to have! Only high volatility brings high returns – without it, we are virtually guaranteed very low returns on our hard-earned money. In this episode, Michael and Dallas discuss returns from the sharemarket versus returns from term deposits and junk bonds, and why some dodgy companies will try to tell you that you can have high returns without vola...

If you’re about to retire, you might feel pressure to be more conservative in your investments. One way to do this is to move your money from super to cash. This is not always a good thing, though – especially if you have kids. In this episode, Dallas and Ali discuss the ‘buffer’ of money you should have in your retirement and why moving everything into a term deposit won’t serve you well in your...

If there is a significant age gap between you and your partner (five or more years), there are 5 things you need to be aware of that will affect your retirement planning and finances.  In this episode, Dallas and Ali discuss Centrelink, account-based pensions and your super, and how to ensure that you are getting the most out of your money. For more information, please visit www.mo50.com.au

It never feels good to lose something important in our lives. This is certainly true when it comes to our money – we don’t want to see its value going down, and yet it’s unavoidable due to volatility when it comes to investments. In this episode, Dallas and Ali discuss our perceptions of losing money, how loss aversion affects us and what you can do about it so that you don’t make any hasty financ...

If you have a home loan and can draw from it, that’s a good thing, right? Not necessarily. While having your income be paid directly into your loan account can reduce your interest, the negatives of doing this well and truly outweigh the positives. In this episode, Michael and Dallas discuss what the negatives are, and why you are better off having your salary paid into your bank account, instead....

Do you like taking advice from other people? Or do you listen half-heartedly before doing the exact opposite of what they have suggested? In this episode, Michael and Dallas delve into when, and from whom, you should take advice – and why an ‘expert in all areas’ is really an expert in no areas. For more information, please visit www.mo50.com.au

Warren Buffett, well-known investor of over 70 years, has said that to invest successfully you only need to own three companies. In this episode, Michael and Dallas argue against this statement and why this strategy won’t work for everybody. They also discuss the role of hindsight when it comes to investment success. For more information, please visit www.mo50.com.au

We can get caught up in a million different things when it comes to retirement planning, when there are only two numbers that actually matter. In this episode, Michael and Dallas discuss what they like to call the red numbers and the green numbers, and why they are the most important numbers once you have retired. For more information, please visit www.mo50.com.au

Over the last decade, we've come to realise that people who check their super balance frequently are also the ones prone to panic when it comes to market volatility. So how can you avoid this? In this episode, Dallas and Michael discuss how often you should check your balance, and why setting the bar at the highest mark is not a good idea. For more information, please visit www.mo50.com.au

Have you ever embarked on building a 9,000+ piece Lego display? This is Michael’s current project with his young son, Richie: building a giant model of the Titanic. For Michael, instead of ripping his hair out, there’s only one way to build the ship – brick by (Lego) brick.  If you want to improve your financial standing, you can apply the same philosophy – take small steps, one at a time. In this...

What do you see yourself doing when you retire? Going on holidays? Fishing? Taking mid-afternoon naps on the couch? All of those things sound amazing, but could you do them for 33 years straight? In this episode, Dallas and Michael will get you thinking about the many years of retirement that we are lucky to get these days. For more information, please visit www.mo50.com.au

Have you ever thought about when you’re going to die? It’s probably not something most of us think about often. Yet when we have meetings with clients, many are quick to tell us they’ll be dead by 80. The statement can lead to some awkward laughter; however, the reality of how long you’re likely to actually live and how much money you’ll need might seem more grim than the thought of dying before 8...

Are your investments diversified? Isn’t it better to invest in big companies like Amazon and Netflix instead of just the top 500 companies of Australia or the world? In short, no. In this episode, Michael and Dallas discuss why diversifying your portfolio is healthy, and whether or not you should diversify across asset classes, too. For more information, please visit www.mo50.com.au