Money & Financials Archives • 60+Club

Cash transport crisis: What it means for you and your money

Posted on February 5, 2025 by 60+Club

Cash transport crisis: What it means for you and your money Why Australia’s cash supply is at risk and what’s being done to fix it. For Australians who still prefer using cash, there’s an ongoing issue that could affect how easily you can access your money. The company that delivers cash to banks, ATMs, and

Posted in Money & Financials, News

Don’t leave money on the table: How to claim your age pension sooner

Posted on January 10, 2025 by 60+Club

Don’t leave money on the table: How to claim your age pension sooner Many Australian retirees are missing out on thousands of dollars in government benefits simply because they delay applying for the Age Pension. Research by Aware Super found that 32% of retirees wait at least a year longer than necessary to apply –

Posted in Money & Financials

Why cash is here to stay: A lifeline for Australia’s Over 60s

Posted on November 21, 2024 by 60+Club

Why cash is here to stay: Government enforce essential businesses to accept cash As Australia moves towards an increasingly cashless society, a proposed government mandate to ensure essential businesses accept cash has brought relief to many, particularly older Australians who rely heavily on cash for daily transactions. This policy comes at a time when businesses

Posted in Money & Financials, News, Uncategorised

What you CAN (and CAN’T) do to improve your SMSF investment property

Posted on October 13, 2024 by 60+Club

What you CAN (and CAN’T) do to improve your SMSF investment property 🏠✔️❌ If you own an investment property through your self-managed super fund (SMSF), you might be wondering: “Can I make improvements to increase its value?” While it’s tempting to roll up your sleeves and use your skills to boost the property’s worth, the

Posted in Money & Financials, Property, Super/SMSF

The truth about retirement calculators: How reliable are they?

Posted on October 11, 2024 by 60+Club

The truth about retirement calculators: How reliable are they? 🧐💻 Understanding your retirement needs Retirement planning is one of the most important financial decisions Australians over 60 need to consider. One key question: How much money do you really need to retire comfortably? While superannuation funds are expected to assist members in calculating this, research

Posted in Money & Financials, Super/SMSF

Aged care overhaul to shift more costs to self-funded retirees

Posted on September 19, 2024 by 60+Club

Aged care overhaul to shift more costs to self-funded retirees 💸👉 The Albanese government has introduced an overhaul of the aged care funding system, requiring wealthier retirees and part-pensioners to contribute more based on their assets. Self-funded retirees receiving home care will pay up to 80% of everyday living costs and 50% of independence costs

Posted in Aged care, Money & Financials, News

Managing your SMSF in later years: When to consider making changes

Posted on September 14, 2024 by 60+Club

Managing your SMSF in later years: When to consider making changes 📝 As you age, managing a Self-Managed Super Fund (SMSF) can become increasingly difficult, especially if memory or cognitive issues arise. For older Australians with an SMSF, there comes a time when deciding whether to continue managing it or to wind it up becomes

Posted in Money & Financials, Super/SMSF

Practical tips for older couples to avoid a messy, hostile divorce

Posted on August 26, 2024 by 60+Club

Practical tips for older couples to avoid a messy, hostile divorce 📜✔️ Divorce can be an emotionally challenging and financially complex process, especially for older couples who have spent decades together. While the situation may seem overwhelming, it doesn’t have to spiral into a bitter, drawn-out battle. With thoughtful communication, careful planning, and the right

Posted in Happiness, Health, Money & Financials

How to earn 6.45% to 9.25% p.a. without investing in a fund

Posted on August 21, 2024 by 60+Club

• Sponsored Article • How to earn 6.45% to 9.25% p.a. without investing in a fund 💰📈 The best term deposits are currently paying just over 5% per annum however for many people this still isn’t enough to earn a meaningful income to supplement their lifestyle. Investing in managed funds to earn a few percent

Posted in Money & Financials

Case study: How couple in early 60s avoid hostile divorce with collaborative approach

Posted on August 16, 2024 by 60+Club

Case study: How a couple in their 60s avoided a hostile divorce with a collaborative approach 💭🤝 Background James and Patricia, a couple in their early 60s, had been married for 35 years. With two adult children and a comfortable lifestyle, they had built a life together that included shared assets such as a family

Posted in Happiness, Health, Money & Financials

Strategies to consider when selling your business before retirement

Posted on August 12, 2024 by 60+Club

Strategies to consider when selling your business before retirement 📝💰 As a business owner nearing retirement, selling your business can be one of the most important decisions you’ll make. It represents years of hard work, dedication, and often, a big part of your identity. Ensuring the sale goes smoothly will help you retire comfortably while

Posted in Lifestyle, Money & Financials

Seven key risks of selling your business to an unknown buyer

Posted on August 7, 2024 by 60+Club

Seven key risks of selling your business to an unknown buyer 📝⚠️ As a small business owner nearing retirement, selling your business can be one of the most important decisions you’ll make. It represents years of hard work, dedication, and often, a big part of your identity. Ensuring the sale goes smoothly will help you

Posted in Learnings, Lifestyle, Money & Financials

Things to consider when an SMSF member dies

Posted on August 3, 2024 by 60+Club

What to do when a Self-Managed Superannuation Fund (SMSF) member dies 📄❤️ If a member of a self-managed superannuation fund (SMSF) passes away, it’s natural to think you need to act quickly. However, while there are important decisions to make, you usually have plenty of time to get everything right without rushing. When a member

Posted in Money & Financials, Super/SMSF

Where are the best rates for June ’24 for Savings Accounts & Term Deposits

Posted on June 25, 2024 by 60+Club

Where are the best rates across Cash Accounts & Term Deposits before EOFY June 2024 💰🏦 It came to no surprise that the Reserve Bank kept interest rates on hold at 4.35 per cent, now steady for seven months. Economists said the slight increase in unemployment in May tracked the RBA’s forecasts well, and monetary

Posted in Money & Financials, News

Turning 75 and Super Contributions: What You Need to Know

Posted on June 20, 2024 by rexxi.buckets

Turning 75 and Super Contributions: What You Need to Know 💸🧐 Turning 75 is a significant milestone for super contributions. After this age, making contributions other than “mandated” (Super Guarantee) or downsizer contributions becomes nearly impossible. Here are the key points and some nuances to consider. Key Date: 28th of the Next Month The critical

Posted in Money & Financials, Super/SMSF