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James Coyle
James has over 35 years experience in financial services with particular expertise in two of the key components of retirement finance - Superannuation and the Age Pension. He is passionate about providing the guidance and support that can help older Australians enjoy their best possible retirement. He lives in regional Victoria surrounded by dogs and chooks.
No mention of bonds in your article.
In times of high inflation bonds can be a very good investment with low risk & high returns. We about 9 mnths ago we’re in almost exactly in the position of the scenario in your survey & we chose quality bonds with interest & dividend returns of 5-7%
We came to Australia 23 years ago, me returning and my wife as an immigrant. We were penniless except that I had an old Falcon left in storage for about ten years. We both had jobs to start with probably slightly better remuneration than average for our joint gross income was about 105K. We lived on one income and invested the other income keeping in mind that people have to eat, use the banking system or to put it bluntly borrow a lot of money and thus work for the banks for thirty or so years. We bought shares in Woollies, Wesfarmers who owned Coles etc. etc. the NAB and Commonwealth Banks, BHP etc. Within eight years we owned our own home and two new vehicles and now those 23 years later we are retired and self funded without any monetary problems. That’s not bad for someone who was just on 60 years old back then and the trick is to never ever borrow money OR if you do borrow ensure that you have enough assets on hand to pay out the loan if interest rates go crazy as they do from time to time. The bottom line is simple and one of “if you cannot pay cash or have the assets to back your loan you go without until you do else you are working for the financial institutions.”
I will shortly be inheriting around $ 300,000
I am 61 years old and receive the full aged pension because my husband receives the Veterans Affairs gold TPI card and disability pension
I am fully retired and my super is still in accumulation mode
My question is should I deposit this money into my super account or in a term deposit generating 4 % annual interest
Cheers
Mandy
Hi Mandy, thank you for reaching out for help planning your inheritance. For you and anyone else who would like to have a discussion with someone they can trust about retirement we do offer financial advice consultations.
Our financial advice consultations are designed to help you better understand your options and the pros/cons of each so that you can take action with confidence. The consultation can be either online or via phone call, goes for up to 45 minutes and costs $150.
CLICK HERE to book now.
is it possible to have a face to face meeting
Hi Christian, thanks for seeking clarity! Currently we do not have a physical face to face service however we can do video calls so you get the same personal, face to a name assistance.
Not a very interesting article. More like a plug for business – like most of your articles.
Hi Mike, thank you for the feedback! We wanted to share the results of the survey our readers completed but will review how we can make the content more engaging in future.
we have sold our house trying to let centrelink know been impossible it sold for 291000 which i have put in our savings account and are renting not going to buy but still owe for car should i pay it out and any other debts then if i pay out the debts do i just let them know whats in our savings account bit confused on deeming etc cheers janet
Hi Janet, thanks for seeking further assistance! For you and anyone else who would like to have a discussion with someone they can trust about your options we do offer financial advice consultations.
Our financial advice consultations are designed to help you better understand your needs/goals and some of the actions you can consider to help you achieve those goals. The consultation can be either online or via phone call, goes for up to 45 minutes and costs $150.
CLICK HERE to book now