Money Over 50

You shouldn't be planning for your retirement to be a lesser lifestyle than what you are currently living. Retirement should be a time of abundance and doing the things that you actually  enjoy, this is why it's important to have a carefully considered plan that focuses on this. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podca...

In this episode, Michael & Dallas discuss the differences in returns between having invested the same amount of money in a Sydney Property and CBA shares. The results will surprise you, especially if you belong to a specific demographic! 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 .

When you think of saving for retirement, you'll think of saving with money/capital. However, there are some people that have worked hard and helped others throughout their life to such an extent that they tend to receive help from those others whenever they need it. These people tend to continue to do some form of work until the day they die; they truly enjoy living this way because they value bei...

This episode has Michael & Dallas discuss the risk of investing too conservatively, comparing it to fighting for sport, and how it can become a huge factor in why a retirement plan can get derailed. They also discuss the importance of never panicking during times of extreme volatility. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team a...

Not long ago, many people believed cash and term deposits to be the "safer" option when it comes to investing. Nowadays, low interest rates have made these assets some of the most dangerous due to creating the risk of people running out of money prematurely. 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 .

If you were to spend $80,000 p.a. in your retirement, you'd spend almost a quarter of a million dollars in the first 3 years of retirement. This is why it is essential that you have your money invested in assets that not only grow up to your retirement date but throughout your retirement as well. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact...

One of the roles of a good financial adviser is to help you build better habits with your money; the job becomes hard when they have no idea what your current habits are. 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 .

When it comes to making decisions, it's often hard to make the right financial decisions because you'll usually feel uncomfortable in the short term, but after a bit of consistency and effort, it becomes easy and you'll be glad you have done so; much like eating healthier or exercising more. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the...

As we have said many many times, diversification is important to any investment portfolio. Global companies offer diversification away from Australia and can help protect you from market/economic issues that only affect the Australian economy. *Please note, we are not providing advice in this episode. This is general information only. For all listener questions/feedback or to book a meeting with u...

The question discussed in this episode: "I am a regular listener and have you given you the 5 * rating. Thanks for the latest podcast, interesting. A big gap for me however was, you are assuming everyone is working until they are at least 60. What about those people who want to retire before they are 60, where investments outside of super are essential, or where there is an age gap between the par...

The role of a portfolio/fund manager is purely to work money and get the best return. We believe a good financial adviser spends most of their time with clients discussing what is most important to them and personalising strategies based on a client's needs. 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 .

QSuper and many other superannuation funds have a default investment strategy that automatically invests your money in different assets determined by your age. These strategies, commonly known as life cycle investment strategies, assume that you are becoming a short term investor with the goal to reduce your investments in growth assets (such as company shares). What it fails to mention is that yo...

Industry funds around the board have pushed the message that "everything we do is for our members" implying they are doing what's best for you and that they are providing you with the lowest costs. However, when it comes to costs, industry funds aren't necessarily giving you the cheapest costs. In this episode, we list the largest industry funds and their costs and comparing them with other (more...

We have come a long way from our first podcast  "001 Downsizing your home, instead of your lifestyle", especially with the quality of our production and the number of real listeners. However, the goal has remained the same, to provide useful information to our listeners that can help put them on track to the retirement they deserve. This episode discusses some of the main points over the years, ou...

A great listener question to discuss, but the answer can vary greatly depending on the particular person this relates to. However, a few of the main options for you to look at. Going back to work (even if it is a small amount of part-time work). Looking at your Centrelink eligibility and determining how much work you can do without negatively affecting your Centrelink payments. Looking at your bud...

When it comes to buying a car, a lot of people tend to look past the opportunity costs and how much of a difference they could possibly make to their retirement savings. We practice what we preach, and can vouch for the huge amount of ongoing savings made from driving a $15,000 car. For all listener questions/feedback, please contact the team at podcast@mo50.com.au If you haven't already, have a l...

In this episode, Michael and Dallas respond to a listener question on investing money outside of superannuation. They explain why they believe in the same investment philosophy (in terms of assets), but reiterate the huge tax benefits of having that money in superannuation rather than outside of superannuation. For all listener questions/feedback, please contact the team at podcast@mo50.com.au .

We often have people wanting to book a meeting with us but have a partner who is not too keen on seeing a financial adviser. We make it a rule to have both partners on board with the idea of seeing a financial adviser because it becomes incredibly hard trying to provide advice to people who have very different ideas on what their retirement plans should look like. For all listener questions/feedba...

In recent times, people have been thinking of $100,000 as a small amount of money when it comes to spending. So, why not think of it as an amount that can be saved in your superannuation? An extra $100,000 investment could mean extra holiday money of $20,000 each year for 25 years! For all listener questions/feedback, please contact the team at podcast@mo50.com.au .

Retirement is a huge change in somebody's life and their current lifestyle, in many cases this adjustment might be too much. Michael and Dallas discuss different ways that you could test out your retirement lifestyle before actually retiring, and figuring out whether your retirement plans might be right for you. For all listener questions/feedback, please contact the team at podcast@mo50.com.au .

This episode discusses the big difference that a small change can make to your retirement savings balance, and how a combination of these can make an even larger difference. For all listener questions/feedback, please contact the team at podcast@mo50.com.au .

All the data and information needed to create a financial plan is accessible, however, it usually isn't put together in a way that can help you make a well-informed decision. It's our role to pick apart all of this data and piece it together in a way that allows us to provide you with actionable steps. For all listener questions/feedback, please contact the team at podcast@mo50.com.au . 

When a bank does something that reveals a lack of care or understanding, don't be shocked or surprised; it's their role. Their primary role is to bring money in and lend it out at a "mark-up", so don't assume that the bank will have your best interest at heart. For all listener questions/feedback, please contact the team at podcast@mo50.com.au .

Thank you for the listener question Colette. This episode explores Life & TPD cover and the types of questions you need to ask yourself when it comes to determining how much insurance cover you may need for yourself. Please note, we are not providing any insurance advice in this episode; we are only exploring different thought processes and trade-offs in the decision making process. For all listen...

One of our abilities that we pride ourselves in having, is being able to see what our client's natural strengths/attitudes are, as well as their weaknesses. These can range from savings abilities, capacity to earn income, or even the ability to follow instructions well. For all listener questions/feedback, please contact the team at podcast@mo50.com.au .