Are You Retirement Age Ready?

As an adviser who specialises in retirement planning advice, I meet with people on a daily basis who are often stressed and concerned about the thought of approaching Retirement. The question most often asked is at what age can I retire.” I find these concerns are often triggered by many misconceptions including the belief that:…

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Autumn 2018 Newsletter

From a surprise wedding to the lots of market fluctuations, the end of summer and start of autumn has been a very busy and exciting time for the Muirfield team.  There is, therefore, lots of news we’d love to share with you. We would love it if you took a read of our autumn newsletter to…

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We’re here for you, not the banks.

The Muirfield team have been following the recent parliamentary enquiry into the Banking sector very closely. Unfortunately, it seems that some companies and planners have been placing their own interests ahead of their clients. As a business with a long history of providing trusted advice it saddens us to hear of this – we are…

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Downsizing Your Home & The New Super Contributions

In retirement, we often speak to clients who want to downsize their home. Whether it’s because the children have long since moved on and extra bedrooms are no longer required, the maintenance of the garden is becoming an issue or simply to free up capital to supplement retirement income there are many reasons to consider…

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Should you use a travel card when overseas?

As clients prepare to escape the winter blues with an overseas trip, we hear a lot of questions about travel currency cards. There is a lot of debate as to whether or not travel cards are useful or if they’re a rip-off, and unfortunately, it’s not a simple question to answer.  It boils down to…

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Updating Centrelink and Supporting Documentation

From time to time, as a result of changes to your situation, you will be required to update your assets with Centrelink.  When these changes occur, Centrelink often requires substantiation of these changes.  Should you advise Centrelink of a change to your bank account, Centrelink will require a copy of your bank statement to substantiate…

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State of the Market

There has been a lot of doom and gloom in the media lately about the recent fall in the sharemarket. Headlines such as “ASX loses $56 billion as investors join global stock rout” (The Age – 6 February) and “Aussie Sharemarket Bloodbath” (Herald Sun – 6 February) would have made any investor nervous. However, we…

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Limit the Impact of inheritance on your Centrelink Age Pension

As financial planners, we assist clients through many stages of life.  Unfortunately, one of these stages is helping clients determine how best to invest an inheritance following the passing of a loved one.  A discussion often had is how the inheritance may impact their existing Age Pension entitlement.   Receiving an inheritance may or may…

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Nominating beneficiaries for your Super

We often receive questions about superannuation benefits and how they would be paid out to loved ones in the event of death.  Questions often arise because of the common misconception superannuation forms part of your estate. Superannuation is not an estate asset and will not automatically get distributed according to your Will.  Super has its…

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