Money Over 50

202 Is a QSuper (or any super fund's) lifecycle investment strategy right for you?

QSuper and many other superannuation funds have a default investment strategy that automatically invests your money in different assets determined by your age. These strategies, commonly known as life cycle investment strategies, assume that you are becoming a short term investor with the goal to reduce your investments in growth assets (such as company shares). What it fails to mention is that you lose the ability to grow your retirement savings leading up to and throughout retirement, increasing the long-term risk of running out of money. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

201Are industry funds as low cost as they claim to be?

Industry funds around the board have pushed the message that "everything we do is for our members" implying they are doing what's best for you and that they are providing you with the lowest costs. However, when it comes to costs, industry funds aren't necessarily giving you the cheapest costs. In this episode, we list the largest industry funds and their costs and comparing them with other (more affordable) products. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

200 Another milestone (what we‘ve learnt & taught over 200 episodes)

We have come a long way from our first podcast  "001 Downsizing your home, instead of your lifestyle", especially with the quality of our production and the number of real listeners. However, the goal has remained the same, to provide useful information to our listeners that can help put them on track to the retirement they deserve. This episode discusses some of the main points over the years, our growth as podcasters, but more importantly our growth as a business. We have evolved from providing financial advice to our local area, to having clients all over Australia. Thank you for being a part of the podcast, and we look forward to speaking to you soon!   If you wish to book a meeting with Money Over 50 Financial Advisers to discuss your retirement plans, please contact podcast@mo50.com.au or visit www.mo50.com.au 

199 Listener Question: What if you‘ve already retired and you don‘t have enough money

A great listener question to discuss, but the answer can vary greatly depending on the particular person this relates to. However, a few of the main options for you to look at.
Going back to work (even if it is a small amount of part-time work).
Looking at your Centrelink eligibility and determining how much work you can do without negatively affecting your Centrelink payments.
Looking at your budget and spending less money. 
Selling down your assets and turning them into useable cash.
For all listener questions/feedback, please contact the team at podcast@mo50.com.au

198 My $15,000 car is still going and I haven‘t spent a cent on it

When it comes to buying a car, a lot of people tend to look past the opportunity costs and how much of a difference they could possibly make to their retirement savings. We practice what we preach, and can vouch for the huge amount of ongoing savings made from driving a $15,000 car. For all listener questions/feedback, please contact the team at podcast@mo50.com.au
If you haven't already, have a listen to one of our earlier related classics: 003 Drive a $15,000 car to draw an extra $717,000 in retirement.  

197 Listener Question: Investing money outside of superannuation

In this episode, Michael and Dallas respond to a listener question on investing money outside of superannuation. They explain why they believe in the same investment philosophy (in terms of assets), but reiterate the huge tax benefits of having that money in superannuation rather than outside of superannuation. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

196 How to convince your spouse to see a financial adviser

We often have people wanting to book a meeting with us but have a partner who is not too keen on seeing a financial adviser. We make it a rule to have both partners on board with the idea of seeing a financial adviser because it becomes incredibly hard trying to provide advice to people who have very different ideas on what their retirement plans should look like. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

195 "$100k isn't much anymore"

In recent times, people have been thinking of $100,000 as a small amount of money when it comes to spending. So, why not think of it as an amount that can be saved in your superannuation? An extra $100,000 investment could mean extra holiday money of $20,000 each year for 25 years! For all listener questions/feedback, please contact the team at podcast@mo50.com.au.