Money Over 50 Financial Advisers

Sometimes, you need to put your happiness before your job. Easier said than done, right? But if you’re close to retirement and you’re extremely unhappy in your job, perhaps it’s time to let it go. But how do you make that call, and how do you know if you’ll have enough money to retire with? In this episode, Dallas and Michael discuss why money isn’t everything (yes, they are still financial advisers!), why it’s okay to give yourself a break, and how to navigate big decisions about work and retirement. For more information, please visit www.mo50.com.au

275 Knowing you don’t need to work makes work better | Money Over 50 Sometimes, you need to put your happiness before your job. Easier said than done, right? But if you’re close to retirement and you’re extremely unhappy in your job, perhaps it’s time to let it go. But how do you make that call, and how do you know if you’ll have enough money to retire with? ...

Balanced funds are very popular. They are mutual funds usually made up of shares and cash components. They are popular because they are viewed as being safe – and they are also the default option for many.

Why balanced funds aren’t appropriate for retirees

Do you own a commercial property, or thought about using the incoming rent from one when you retire? While rentals can bring in a good income, there’s a big difference between commercial and residential rental income. And it’s important to know how that difference will affect you once you have retired. In this episode, Dallas and Michael discuss drawing an income from rent during retirement, and whether commercial or residential is the better option. For more information, please visit www.mo50.com.au

276 Case study: risks of commercial property in retirement | Money Over 50 Do you own a commercial property, or thought about using the incoming rent from one when you retire? While rentals can bring in a good income, there’s a big difference between commercial and residential rental income. And it’s important to know how that difference will affect you once you have r...

Are your spending habits thoughtful, considered, and delayed? Or are you an impulse buyer?

Thoughtful, considered, and delayed spending Are your spending habits thoughtful, considered and delayed? Or are you an impulse buyer? To some degree, we are all impulse buyers. But we aren’t talking about the lollies in your local supermarket checkout aisle. We’re talking about spending significant amounts of money such as when you buy pr...

What makes prices fluctuate? Why is petrol so expensive right now? Do companies ever run out of shares? Why do some countries ration supplies? In this episode, Dallas and Michael answer all of these questions and more, looking at the impact that supply and demand has on our everyday lives. For more information, please visit www.mo50.com.au

277 Supply and demand | Money Over 50 What makes prices fluctuate? Why is petrol so expensive right now? Do companies ever run out of shares? Why do some countries ration supplies? In this episode, Dallas and Michael answer all of these questions and more, looking at the impact that supply and demand has on our everyday lives. For more....

Michael recently took a solo trip to Magnetic Island to get some work done. He also got some time in to go swimming and eat at nice cafes, and he noticed a lot of conservative-looking 60-year-olds. It made him think about the fact that all these people, now enjoying a gorgeous holiday post-retirement, are doing so because of some financial decisions they made years ago. That is, they are living the dream on a paradise island due to the fact that they saved and invested their money right. This is assuming nobody was simply putting it all on a credit card!

Money as atomic energy (the compounding nature of investing) Michael recently took a solo trip to Magnetic Island to get some work done. He also got some time in to go swimming and eat at nice cafes, and he noticed a lot of conservative-looking 60-year-olds. It made him think about the fact that all these people, now enjoying a gorgeous holiday post-retiremen...

Have you ever looked out over a city skyline and got lost in thought about all the houses in the distance, wondering what the people inside are doing, and thinking how each night the city looks so peaceful and calm and yet the following morning those people will be up and about getting on with their daily lives again? This was the case for Dallas last week when he went up to Castle Hill in Townsville to look out over the city. Except, of course, his daydreaming didn’t last very long – he was driving around slowly, trying to get his four-month-old daughter to sleep. In this episode, Dallas and Michael discuss how, even during bad times in the sharemarket, the world still keeps moving, and things aren’t as dire as they seem. For more information, please visit www.mo50.com.au

278 What I think when I see a city skyline | Money Over 50 Have you ever looked out over a city skyline and got lost in thought about all the houses in the distance, wondering what the people inside are doing, and thinking how each night the city looks so peaceful and calm and yet the following morning those people will be up and about getting on with their...

Talking to a friend recently who had paid off a loan not too long ago, Dallas came to a conclusion: no matter how old you are, there is always something new on the horizon in life. Life is kind of like a series of milestones – every time you do something, or achieve something, there’s something new coming.

There is no next thing in retirement Talking to a friend recently who had paid off a loan not too long ago, Dallas came to a conclusion: no matter how old you are, there is always something new on the horizon in life. Life is kind of like a series of milestones – every time you do something, or achieve something, there’s something ...

When Michael visited China with his mother and met a hundred-year-old farmer, he had no idea that they would end up discussing economics. Then again, given Michael’s line of work, we shouldn’t be all that surprised that’s where the conversation headed! The farmer had some interesting points about communism and why, in his opinion, it’s good in theory but not practice. In this episode, Michael and Dallas discuss communism versus free markets, and how free markets serve us as consumers. For more information, please visit www.mo50.com.au

279 Free Markets | Money Over 50 When Michael visited China with his mother and met a hundred-year-old farmer, he had no idea that they would end up discussing economics. Then again, given Michael’s line of work, we shouldn’t be all that surprised that’s where the conversation headed! The farmer had some interesting points ab...

We recently met with two couples at different stages of their working lives. One couple is fully retired and has $500,000 cash in term deposits. The other couple is currently 15 years away from retirement and has $300,000 cash in term deposits. Both couples also have investment portfolios in each of their names, with shares invested across Australian and global companies.

You may be doubling up on cash without even knowing We recently met with two couples at different stages of their working lives. One couple is fully retired and has $500,000 cash in term deposits. The other couple is currently 15 years away from retirement and has $300,000 cash in term deposits. Both couples also have investment portfolios in each of...

If you were to draw a line representing the day you retire, how would the space before it and after it look? How would your feelings towards your super balance, cash and investments differ before and after this event? In this episode, Michael and Dallas discuss why the first year of your retirement always feels the most volatile, and what you can do when you reach this significant milestone. For more information, please visit www.mo50.com.au

280 The first year of retirement is always the most volatile | Money Over 50 If you were to draw a line representing the day you retire, how would the space before it and after it look? How would your feelings towards your super balance, cash and investments differ before and after this event? In this episode, Michael and Dallas discuss why the first year of your retirement....

People often talk about a fall or a drop in the sharemarket. But it’s not as simple as that. The market doesn’t really rise and fall – it is simply a metaphor for people buying and selling shares. And the value of shares going up or down is a reflection of the number of buyers and the number of sellers.

The market doesn’t fall, there are just more sellers than buyers People often talk about a fall or a drop in the sharemarket. But it’s not as simple as that. The market doesn’t really rise and fall – it is simply a metaphor for people buying and selling shares. And the value of shares going up or down is a reflection of the number of buyers and the number o...