Money Over 50

When you were a kid, do you remember visiting friends’ fancy houses and comparing them to your own? For Dallas, the epitome of a fancy house was one that had an ice maker. If one of his friends had a house that featured one of these, in his eyes, they had really “made it” in life.  As an adult, Dallas is now contemplating becoming one of these people. Yes, he wants a fridge with an ice maker, beca...

If you are married or in a long-term relationship, then your money is all in ‘one bucket’. According to family law (and Centrelink), you and your partner don’t have separate money – regardless of who earns more.   However, there are ways that you can benefit from paying less tax based on how you treat certain assets and whose super you put more money into. Don’t worry – it’s all legal! In this epi...

Need to send money overseas? Or going travelling? Are you prepared to lose thousands in currency conversion fees, and happy to keep the big banks in business, who – for far too long – have controlled international transfers? As you can see by our excessive use of questions, we’ve been looking for a cheaper way to deal with overseas money transfers for a very long time. In this episode, Dallas and...

Do you keep your car neat, clean and polished? Or do your kids, pets and habits stop it from keeping its new car smell and appearance beyond its first week? Don’t worry – we understand. Surely, if you bought a brand new car, you’d look after it better. Right? Well, actually, you probably wouldn’t! In this episode, Dallas and Michael discuss how possessions affect us as people, and us as decision-m...

Predictions and projections we make about money are always wrong. In fact, they are wrong from the minute they’re produced. So why do financial advisers use them, if they’re never right? In this episode, Michael and Dallas look at why projections are important, and how to use them even when we know they will be incorrect. For more information please visit www.mo50.com.au

On average, we see a drop in company prices of about 30% every 5 years. If you’ve listened to us for a while, you’ll know we often talk about not panicking when this happens. But why is this important, and exactly how important is it? In this episode we discuss how not preparing for a drop in the share market is like not listening to the lifeboat drill on a cruise ship. Spoiler alert: it doesn’t e...

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, Dallas and Michael discuss the difficulties of inv...

What happens when your finances are on track and you’re getting your 8% rate of return? Is it time to spread your eggs and diversify further? Or perhaps buy a property? Is being invested in super really enough – and what if my fund goes broke?  In this episode, Michael and Dallas discuss these questions in relation to those close to retirement. For more information, please visit www.mo50.com.au

Do you remember when Mcdonald's ice cream cones were 30 cents? Dallas and Michael certainly do. But if you were to go and buy one today, you’d be handing over 75 of your hard-earned cents.  In this episode, Dallas and Michael discuss how bigger expenses in life (though potentially less enjoyable than a Maccas soft serve cone) go up with inflation, and exactly what this means for you and your retir...

We've all had a stock tip for some speculative company before, with some being winners and some losers... But should we be basing our retirement strategy on this?  For more information, please visit www.mo50.com.au

In financial planning, it is almost impossible for you to be absolutely precise in what the future will look like. For example, there is no way to figure out what inflation will be each year in the next 10 years. However, we do know that it will likely increase, therefore, we must include this in our calculations to help prepare for the future. You will never be exactly right, but heading in the r...

When it comes to living a long life, eating healthy is one way to help make that happen. However, it does not guarantee that you will not get sick or become a victim of an unfortunate event. Saving money and making the right financial decisions is similar to this, as there is never any guarantee that something might not happen in the future to derail your plan. Even though this is the case, giving...

Volatility is a natural occurrence when it comes to investing, especially when invested in companies. We know that if you want to achieve long-term positive returns, you will be met with short-term volatility. You must accept and embrace the knowledge that a drop of 50% WILL happen; it's a matter of when not if.  For more information, please visit www.mo50.com.au

Some listeners to the podcast will tend to think of money as either a safety blanket that can protect us from the dangers of the world, while others may think of money as something that is unreliable. It can become hard to manoeuvre when each member of a couple sit on the opposite sides of these conflicting thoughts, or an individual is stuck with these conflicting thoughts internally. For more in...

In 1992, the Superannuation Guarantee (SG) was introduced in Australia which required employers to contribute money into their employee's super fund. A large amount of our advice is focused on taking advantage of this amazing low-to-no tax environment to help you build your retirement savings. For more information, please visit www.mo50.com.au

Michael speaks to Dallas about the visible and hidden benefits of going back to paid work (in some form) after already retiring.  For more information, please visit www.mo50.com.au

One of the quickest ways to derail your retirement or investment plans is to PANIC! It might be hard not to react, but panicking at the sight of downturns can undo all of your hard work. For more information, please visit www.mo50.com.au

Dallas discusses with Michael his thoughts on the planning of providing an inheritance to children. There is no right or wrong answer on whether you should leave an inheritance, however, there are a few things to take into account when planning for this. For more information, please visit www.mo50.com.au

In this episode, Dallas & Michael explain why "stock-picking" questions can be some of the least valuable questions that you can ask at a particular time. Our objective for our clients is to increase the outperformance of long-term outcomes by looking at their goals, creating a suitable plan, then determining the portfolio.  For all listener questions/feedback or to book a meeting with us to discu...

We had a prospective client show us retirement savings projections from their industry super financial adviser who had factored the client running out of money into the plan. We think this is a dangerous plan, and in this episode, we'll explain why. Note, we are not saying that all industry advisers do this; this is only based on what we have seen.  For all listener questions/feedback or to book a...

Michael & Dallas answer the following listener question from Adam: "Where do you draw your pension from (investment options) & what stage of a downturn would you decide to draw from your cash reserves?" For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au .

This listener question from Darren asks about the specifics of drawing an income from your superannuation when you retire. Michael and Dallas discuss the the account-based pension (not to be confused with Centrelink Age Pension) and answer the following question: How is income normally distributed? How does an account-based pension work? Do you constantly need to sell down shares? For all listener...

In financial planning, a lot of the decisions you make involve giving something up to get something back. For example, you may have to reduce your income by $10,000-$20,000 p.a. while you're working to be able to get into the position that you need to retire comfortably. Life is full of trade-offs, financial planning gives you the information to make those fully informed decisions, but there will...

Michael & Dallas discuss the benefits of discipline when investing for the long term. When it comes to building wealth, delayed gratification tends to play a huge role. 

The Baltic Dry Index (BDI) is an index of average prices paid for the transport of dry bulk materials across more than 20 routes. It can be used as an indicator of global economic activity. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au .