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| Name | Should I spend my money to have full Age Pension? |
| Video Uploader | Video From About Retirement TV |
| Upload Date | This Video Uploaded At 27-09-2023 17:30:09 |
| Video Discription | Should I spend my money to have full Age Pension? Advice provided was to spend $300,000 within the period of 3 years, enjoying travelling around the word, and on return to Australia at the age of 67, to only have $451,000 (value in today’s dollars) left in pension accounts to be eligible for the full Age Pension payment. So for the first 3 years to spend approx.. $100,000pa and once back in Australia and receiving full Age Pension to reduce income to $70,000pa in today’s value. SCENARIO 1 – spending money to gain full Age Pension Before I start showing you my comparison, please let me know in the comments below the video, what is your opinion about this advice? Would you accept it? Would you agree that this is a good retirement plan? SCENARIO 2 – mixture of retirement income streams Commencement of mixture of account-based pension and annuity SCENARIO 3 – reduction of spendings Let’s do a copy of the Scenario 2, but with a reduction of spendings from $70,000pa down to $65,000. Would that make any difference in the outcome? SCENARIO 4 – improved and maximised investments For now, I have assumed a very conservative rate of return of average of 6%pa. Let’s take it a notch higher to 7%, which really should be the aim of most balanced funds. So which scenario would you choose? VIDEO MENTIONED What to do to achieve happy and successful retirement? https://youtu.be/aBvLIbx0RxU To download the book 12 PRINCIPLES OF INVESTING: https://ebook.aboutretirement.com.au/12-principles-of-investing-download Contact details: Katherine Isbrandt of About Retirement Website: https://aboutretirement.com.au/ Email: [email protected] Or connect with me: https://www.facebook.com/katherineisbrandt/?modal=admin_todo_tour https://www.linkedin.com/in/katherineisbrandt/ https://www.instagram.com/katherineisbrandt https://www.pinterest.com.au/katherineisbrandt/pins/ FSG: https://aboutretirement.com.au/wp-content/uploads/2020/02/FSG-2019-A4-Online-version-4.2-July-2019.pdf My Adviser Profile: https://aboutretirement.com.au/wp-content/uploads/2020/02/Adviser-Profile-Katherine-Isbrandt-v4.2-1.pdf #KatherineIsbrandt #Aboutretirement #SpendMoneyToHaveFullAgePension |
| Category | Education |
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