Money Over 50

Apr 14 2024 337 ep. 21 mins 56

Money Over 50 Podcast artwork

An Australian podcast that provides useful information on retirement planning, superannuation, and the financial world in an easy-to-understand manner. Contact the financial planning experts Michael Hogue and Ali Hogue of Money Over 50 Financial Advisers via email at [email protected]

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339 When can you access your super? - AUDIO FIXED

Apr 14 2024 15 mins

AUDIO FIXED During your working life, your superannuation fund has been growing and growing thanks to contributions from your employer and hopefully yourself. This money sits there for decades, slowly accumulating for you without being touched. But when can you actually access this hard-earned cash? There are three main conditions of release when it comes to your super. In this epi

338 You can't have everything! Be realistic with your goals - AUDIO FIXED

Apr 14 2024 14 mins

AUDIO FIXED You can’t have everything! Be realistic with your goals Do you ever feel like you’re trying to do a thousand things at once, and not really doing any of them well? Ali knows the feeling. Life is busy, but the more we try to do everything, the less we do them well. Sometimes we need to take a step back and think about what it is that matters to us the most. In this e

337 Get more money into Australia's best tax shelter – contribution cap increases

Mar 24 2024 18 mins

Did you know that on the 1st of July 2024, you’ll be able to contribute more into your superannuation and take advantage of Australia’s best ‘tax shelter’? The reason for that is that superannuation contribution caps are increasing on the first day of the new financial year. In this episode, Michael and Ali discuss the contribution caps and exactly how much they are increas

336 How to choose a financial adviser that is right for you

Mar 17 2024 8 mins

For many people, getting their finances on track is high on the priority list. And to do that, they realise they need professional help. But how do you know which financial adviser is right for you? In this episode, Ali discusses what you need to consider and what you need to be aware of before selecting a financial adviser. For more information, please visit ww.mo50.com.au

335 The Silent Killer - The effects of inflation and purchasing power

Mar 10 2024 10 mins

If you held an investment for 15 years, would you prefer it to make nominal returns of 12.5% per annum, or 20.3% per annum? The answer may seem simple, but is a lot more complex than most people realise. In this episode, Ali and Michael discuss the ‘silent killer’ also known as inflation, and how it affects your investments and purchasing power. For more information, please vis

334 Downsizer contributions - tips, tricks & benefits

Mar 03 2024 15 mins

Alice, a regular listener, asks a question about what would happen if her and her partner were to sell their primary place of residence (PPR) and use the downsizer contribution to add $300,000 super. In this episode, Michael and Ali discuss Alice's question, and downsizer contributions. They discuss what a downsizer contribution is, its eligibility requirements, some advantages (s

333 Are there ways to pay 0% tax besides an account-based pension?

Feb 26 2024 12 mins

Sue, a regular listener, asks a question about her husband’s 0% taxed super income stream and how they could make the most out of this money. She would like to know what investments, if any, she can make to increase their financial position. In this episode, Ali and Michael discuss Sue’s question and what would happen if her husband were to return to part-time work after retiri

332 Your $3.8 million tax-free trust

Feb 18 2024 31 mins

When you retire, your superannuation balance can become a 0% taxed super income stream. This is essentially the same as a tax-free trust fund. Australia has one of the highest income tax rates in the world; however, it is also one of the most generous when it comes to your retirement. In this episode, Michael and Ali discuss your super income stream, and the eligibility criteria yo

331 We're Back! Concessionals & Carry-forwards

Feb 11 2024 29 mins

It's February 2024 and Michael & Ali are back with new Money Over 50 Podcast episodes! In this episode, Michael & Ali unpack a recent question they received from podcast listeners Paul and Renae. They discuss the yearly concessional contributions cap, the difference between concessional contributions and non-concessional contributions, and what carry-forward opportunities m

330 4 ideas on what to do when you don’t have enough to retire on

Oct 01 2023 10 mins

In this episode, Ali discusses 4 potential options for a new retiree who doesn't have enough to retire on (Centrelink Age Pension, adjust lifestyle, downsizing your home, and semi-retirement). People may also find other options out there, or may even use a combination of these to achieve their retirement goals. For more information, please visit www.mo50.com.au