Money Over 50

275 Knowing you don’t need to work makes work better

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

274 It’s my turn

We need to talk.
That sounds a little awkward, doesn’t it? 
If you have a partner and you want to have a discussion about your finances, perhaps start with a slightly less scary phrase! That said, it can still be a very difficult topic to approach with your partner, especially if they think they have everything under control and are used to taking care of the financial side of things.
But could it be time for you to take over? Is it your turn?
In this episode, Michael and Dallas discuss how to approach this conversation, and why it’s imperative that you do it sooner rather than later.
For more information, please visit www.mo50.com.au

273 You can’t touch this!

What does MC Hammer and your superannuation have in common? You guessed it – you can’t touch either of them!
 
Well, that is, until you are of retirement age. In this episode, Dallas and Michael will not only get a catchy song in your head, they’ll also discuss why not being able to touch your superannuation is an advantage rather than a hindrance. 
 
For more information, please visit www.mo50.com.au

272 Beware the chameleon adviser

Do you have a financial adviser or a financial salesperson? And what exactly is a chameleon adviser?
 
In this episode, Michael and Dallas discuss what chameleon advisers do and why you should avoid them. Who is actually telling you the truth and giving you good advice when it comes to your money?
 
For more information, please visit www.mo50.com.au

271 A moral guide to minimising taxes

Tax evasion or tax minimisation – what’s the difference? According to Kerry Packer’s famous speech during a parliamentary hearing, a lot. And if you’re not trying to minimise your tax, there might even be something wrong with you, according to Packer.
 
In this episode Michael and Dallas discuss the difference between the two, and why you should be trying to do one of them (hint: it’s not the illegal one). 
 
For more information, please visit www.mo50.com.au

270 Why you should spread your eggs

In this episode Dallas and Michael visit why it is important to Diversify. By diversifying we mean spreading your eggs in more than one basket! 
Michael and Dallas discuss the benefits of investing your money in the market, ensuring it is well spread across the top major companies, hence minimising potential losses, whilst still making returns.  
  
For more information, please visit www.mo50.com.au  

269 Why a retiree could benefit from working

It’s easy to see retirement and work as being black and white – you’re either working or you’re not. But when you retire, things don’t have to be that way. 
 
In this episode Dallas and Michael discuss why working during your retirement can be a good thing, how to balance it, and some things you could do to earn money that you may have never considered before.
 
For more information, please visit www.mo50.com.au

268 Listener Questions – Working part time in retirement

How much can you REALLY work during retirement without paying a cent in tax?
 
Many people know that their account-based pension is a tax-free income. But you can also earn a significant amount of money by working part time to boost your bank balance once you’ve retired. In this episode, Dallas and Michael respond to a listener's question and discuss SAPTO (Seniors and Pensioners Tax Offset), super and income tax.
 
For more information, please visit www.mo50.com.au