Retirement Planning
Property vs shares: what is best for retirement?
What is better for retirement? Investing in Property or Shares.
Read MoreYour Pre-Retirement Checklist: 7 Things ‘To Do’ Before Retirement
The team at Muirfield Financial Services has more than 30 years’ experience guiding hard-working Australians onto the retirement runway. Consider checking off these items to make the most of your retirement.
Read MoreHow Much Money Do You Need for A Comfortable Retirement?
This question is one of the most popular for would-be retirees. And the answer? Well, it depends.
You could see that coming. But it’s probably not as much as you think.
Retirement income flexibility
To assist retirees in preserving wealth within the tax-effective super system the Government has halved the minimum required payment rate from Account-based Pension accounts.
Read MoreCarry Forward Concessional (tax deductible) Contributions
They say there are two certainties in life, death and taxes. While Muirfield can’t help when the Grim Reaper comes knocking, we might be able to help save you some tax along the journey
Read MoreHow much should you take from your Super each year?
One of the greatest challenges for retirees in Australia relates to the management of their retirement income. Unfortunately, the adage to ‘spend less than you earn’ doesn’t always work for retirees.
Read MoreDo You Have Enough to Retire? – Mind the modelling
Most advice about retirement affordability draws on mathematical models. To develop an equation or model requires key assumptions about the numbers used.
In this article we will consider what is ‘right’ and ‘wrong’ when considering your retirement affordability.
Read MoreStimulus Package – Commonwealth Seniors Health Care Card
Those who have held the Commonwealth Seniors Health Care Card at any time from 12 March to 13 April 2020, will be eligible for the recently announced support payment. Eligible cardholders will receive two stimulus package installments of $750, one from March 31 and the other from July 13.
Read MoreNew minimum drawdowns for Account-based Pensions
Following the weekends announcements, the Government has halved the minimum drawdown for Account Based Pensions. The drawdown percentage is still based on age and is represented in the table below.
Read MoreTips For A Meaningful Retirement
Muirfield recently published an article in the Surf Coast Times “Celebrating Seniors and Retirement Living” liftout. The article explored 5 tips for a meaningful retirement.
Retiring is one of the most significant life changes people make and for most retirees the transition is a relatively easy one to navigate. For some, adjusting to life after work can be more difficult, particularly when people have spent a lifetime finding meaning and social connection in their careers. Obviously, the decision to retire is a big one from a financial perspective, however, over time, I have come to appreciate the importance of preparing my clients for retirement emotionally as well as financially.
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