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Investment bond can help build tax effective investment for children.

Transition To Retirement ( TTR) Pension: Is it mandatory and how it works ?

Earning more doesn’t guarantee success — without a proper financial plan, most people bleed money through tax and miss out on real wealth creation. A smart plan isn’t optional, it’s essential.

According to ASIC, while more than 50% of Australians set financial goals, only 12% actually achieve them.

The good news? You can be in that 12%—with the right approach.

In this video, I share:
�✅ How to set goals that actually work.�✅ The power of tracking your progress.�✅ How regular saving + compounding can turn income into real wealth.

Whether you're earning a high income or just starting to plan, this could be the shift you need.

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We talk about the age at which you can retire and access your account-based pension for tax-free income. The key points are: at age 60, you can stop working and transfer your accumulation super into an account-based pension, allowing you to draw tax-free income. There is no restriction on how you can withdraw the money - you can take a lump sum or regular payments, but you do have to withdraw a minimum of 4% of the balance per year.

In this video, we discuss how individuals can have up to 1.9 million in tax-free pension per person, which can be across multiple pension accounts. For a couple, the total cap is 3.8 million. This is a great opportunity to build assets within superannuation or self-managed super funds (SMS) and draw tax-free income after the age of 60.

Learn from Rich dad Poor Dad author.

Advance in life by applying this formula: P = P + P.

Ask yourself this one question if you want to be financially smart ?