My conversations with clients on when they want to retire starts when they come and see me for advice – whether they are in their 30’s and haven’t even had a chance to think about it, or, in their early 50’s and not quite sure what their position looks like before they can consider if retirement is actually an option anytime soon.
From the moment you announce your engagement to your long awaited wedding day, you go through an emotional roller coaster of excitement, being over the moon, stressed to the max, nervous as anything - and it can all become a wedding buzz blur. Next thing you know, the most perfect day you could have imagined is all over and 3 months has passed, and you think to yourself, ‘where did the time go?!’
While we covered off the topic of Asset test changes and age pension in November 2016, I believe it is important to again highlight some of the effects of the changes now that they are actually in force.
It is highly likely that individuals moving into aged care from 1 January 2017 may face increased cashflow pressure due to altered treatment of the former home.
I have been very fortunate over the years to travel to some fantastic spots both in Australia and abroad. I have just returned from a family holiday on the NSW North Coast. Coming from a surfing background I won’t reveal the exact location of our secret spot but after getting away from the stress of the daily grind I had a light bulb moment. But first let me set the scene.