Retirement for most people is a daunting consideration – it is letting go of consistent security (often found through work and income) to financially support yourself (and dependents) for the rest of your life.
We often ask clients, what is your ‘purpose’ in retirement? A consideration that varies significantly from person to person.
It is a common misconception that people are forced to sell their homes to fund a move to permanent aged care. Depending on financial assets outside the family home, assets could be structured to cover the costs without accessing the home equity.Read More
Marie Kondo’s principles of tidying aren’t just for your closets, cupboards and the kitchen pantry! The Japanese decluttering expert has made a name for herself with the KonMari method which revolves around discarding personal items that no longer spark joy.
We’ve taken some of her ideas, overlayed some of the more common financial manifestations we see and proudly present, the Muirfield financial spring clean!Read More
Not a day goes go by where I am not asked some form of question about how best to structure (hide) money to protect and improve a Centrelink benefit.
Whilst the term “hiding money” brings thoughts of illegal activity to mind, there are legitimate strategies available to you to preserve or enhance your eligibility for a Centrelink benefit.Read More
Thirty years is a long time to be in small business and we’re proud to say we’ve continued the client focused traditions implemented by Hayden Torney back in 1989 when he established Muirfield Financial Services. Over the years we’ve had the good fortune to work with some amazing people, families and other small businesses throughout the region. For most, the value of our advice and support is centred on making financial decision making as simple and stress-free as possible.Read More
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.Read More
With end of the financial year now behind us we take a look back at what happened in investment markets and financial circles over the previous 12
In short, 2018/2019 was a bumpy ride, though we still managed to see positive returns in all major asset classes.Read More