Superannuation
You might stop working but your money doesn’t
Record low interest rates make retirement planning difficult. And low returns from defensive asset classes traditionally favoured by retirees—like term deposits—are making the situation even more dire.
With more and more retirees forced to dip into their retirement capital to meet the rising costs of everyday expenses, it’s more important than ever to understand how to protect your retirement income.
Your 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 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 MoreIncrease your Spouse’s Super
If you are a member of a couple, there are a few ways that you can build your superannuation balance either from household income, or your spouse’s superannuation contributions.
Read MoreSuperannuation Contributions – New Rules from 1 July 2019
Each year the Government changes the goal posts for superannuation. This year older Australians saving for retirement have been given a boost. Please read on to see if these changes apply to you.
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