Money Over 50

003 Drive a $15,000 car to draw an extra $717,000 in retirement

For all listener questions/feedback, please contact the team at podcast@mo50.com.au
Michael and Dallas discuss a strategy whereby driving a lower-cost car during the last 15 years of your working life, and contributing what you would have spent in car repayments to your superannuation fund, can allow you draw an additional $30,000 pa. each year for the first 24 years of your retirement. Resulting in extra income drawn in retirement. How many great memories could be created with $717,000 of extra dollars to travel with? VS The fading memory of the “new car smell”.

002 Semi-Retirement vs Retirement

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Dallas and Michael talk about the generational shift of aged 50's and 60's seeking career changes.   Often changing to a part-time role that they are super passionate about. With increased job satisfaction, reduced stress levels, and a newfound purpose, these career changers often work in semi-retirement beyond the traditional retirement age of 65. The podcast explains how taking a pay-cut can actually benefit someone who finds a new part-time job that they are happy doing beyond age 65.

001 Downsizing your home, instead of your lifestyle

For all listener questions/feedback, please contact the team at podcast@mo50.com.au
Dallas and Michael talk about the three main options that you have for your family home in retirement: keep; downsize; or rent. These options are compared with the pro’s and con’s of each. The podcast explores how downsizing your home would ideally lead to an increased retirement income of at least $10,000 pa. and looks at the optimal sequence to downsizing.