Money & Financials Archives • 60+Club

Aged care overhaul to shift more costs to self-funded retirees

Posted on September 19, 2024 by 60+Club

Aged care overhaul to shift more costs to self-funded retirees The Albanese government has introduced an overhaul of the aged care funding system, requiring wealthier retirees and part-pensioners to contribute more based on their assets. Self-funded retirees receiving home care will pay up to 80% of everyday living costs and 50% of independence costs like

Posted in Aged care, Money & Financials, News

Practical tips for older couples to avoid a messy, hostile divorce

Posted on August 26, 2024 by 60+Club

Practical tips for older couples to avoid a messy, hostile divorce 📜✔️ Divorce can be an emotionally challenging and financially complex process, especially for older couples who have spent decades together. While the situation may seem overwhelming, it doesn’t have to spiral into a bitter, drawn-out battle. With thoughtful communication, careful planning, and the right

Posted in Happiness, Health, Money & Financials

How to earn 6.45% to 9.25% p.a. without investing in a fund

Posted on August 21, 2024 by 60+Club

• Sponsored Article • How to earn 6.45% to 9.25% p.a. without investing in a fund 💰📈 The best term deposits are currently paying just over 5% per annum however for many people this still isn’t enough to earn a meaningful income to supplement their lifestyle. Investing in managed funds to earn a few percent

Posted in Money & Financials

Case study: How couple in early 60s avoid hostile divorce with collaborative approach

Posted on August 16, 2024 by 60+Club

Case study: How a couple in their 60s avoided a hostile divorce with a collaborative approach 💭🤝 Background James and Patricia, a couple in their early 60s, had been married for 35 years. With two adult children and a comfortable lifestyle, they had built a life together that included shared assets such as a family

Posted in Happiness, Health, Money & Financials

Strategies to consider when selling your business before retirement

Posted on August 12, 2024 by 60+Club

Strategies to consider when selling your business before retirement 📝💰 As a business owner nearing retirement, selling your business can be one of the most important decisions you’ll make. It represents years of hard work, dedication, and often, a big part of your identity. Ensuring the sale goes smoothly will help you retire comfortably while

Posted in Lifestyle, Money & Financials

Seven key risks of selling your business to an unknown buyer

Posted on August 7, 2024 by 60+Club

Seven key risks of selling your business to an unknown buyer 📝⚠️ As a small business owner nearing retirement, selling your business can be one of the most important decisions you’ll make. It represents years of hard work, dedication, and often, a big part of your identity. Ensuring the sale goes smoothly will help you

Posted in Learnings, Lifestyle, Money & Financials

Things to consider when an SMSF member dies

Posted on August 3, 2024 by 60+Club

What to do when a Self-Managed Superannuation Fund (SMSF) member dies 📄❤️ If a member of a self-managed superannuation fund (SMSF) passes away, it’s natural to think you need to act quickly. However, while there are important decisions to make, you usually have plenty of time to get everything right without rushing. When a member

Posted in Money & Financials, Super/SMSF

Where are the best rates for June ’24 for Savings Accounts & Term Deposits

Posted on June 25, 2024 by 60+Club

Where are the best rates across Cash Accounts & Term Deposits before EOFY June 2024 💰🏦 It came to no surprise that the Reserve Bank kept interest rates on hold at 4.35 per cent, now steady for seven months. Economists said the slight increase in unemployment in May tracked the RBA’s forecasts well, and monetary

Posted in Money & Financials, News

Turning 75 and Super Contributions: What You Need to Know

Posted on June 20, 2024 by rexxi.buckets

Turning 75 and Super Contributions: What You Need to Know 💸🧐 Turning 75 is a significant milestone for super contributions. After this age, making contributions other than “mandated” (Super Guarantee) or downsizer contributions becomes nearly impossible. Here are the key points and some nuances to consider. Key Date: 28th of the Next Month The critical

Posted in Money & Financials, Super/SMSF

Federal Budget 2024 – What it means for older Australians

Posted on May 18, 2024 by 60+Club

Federal Budget 2024 – What it means for older Australians 💸🧐 The Budget is loaded with $3.3 billion in new cost of living relief through energy and rental subsidies for consumers. The government has also earmarked $22.7 billion in investment and incentives for business as part of its flagship Future Made in Australia program, set

Posted in Aged care, Health, Money & Financials, News

Avoiding ten financial traps with seniors’ wills, super and funerals

Posted on April 9, 2024 by 60+Club

Avoiding ten financial traps with seniors’ wills, super, and funerals 💰⚠️ Ageing in Australia poses unique financial challenges, particularly for seniors facing complex decisions regarding aged care, pensions, and asset management. These challenges are often exacerbated by unexpected health crises, highlighting the importance of proactive planning. Experts emphasise the need for older adults and their

Posted in Aged care, Money & Financials, Super/SMSF

Pension increase and ways to maximise your retirement income

Posted on March 21, 2024 by 60+Club

Pension increase from 20 March and ways to maximise your retirement income 💰🧐 This week’s pension increase has provided many Australians with an additional $20 per fortnight, highlighting the importance of maximising pensions and entitlements. The 1.78% rise, effective from March 20, falls below the increases seen during peak inflation periods, underscoring the need to

Posted in Money & Financials, News

Avoiding costly retirement mistakes

Posted on March 15, 2024 by 60+Club

Avoiding costly retirement mistakes 💸⚠️ Nearly 4 million individuals are poised to retire in the next decade, yet the majority have minimal understanding of how to transform their superannuation into a reliable income source. Retirement can be a daunting prospect, especially when it comes to understanding superannuation income and making informed financial decisions. As retirees

Posted in Lifestyle, Money & Financials

Clever ways to reduce your power bill

Posted on January 23, 2024 by 60+Club

Clever ways to reduce your power bill 💡⚡ Reducing your power bill involves making conscious choices and adopting energy-efficient practices. Implementing these strategies not only helps you save on your power bill but also contributes to a more sustainable and environmentally friendly lifestyle. Here are some clever ways to cut down on your power expenses:

Posted in Learnings, Money & Financials

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