Shows
Her Ambitious CareerEp 109 - 'How Women Are Saving Smarter for Retirement', with guests Jacqui Irwin and Ingrid ThompsonWelcome to Her Ambitious Career, the personal branding and success podcast for ambitious corporate women who expect more from their careers.My guests today are Jacqui Irwin and Ingrid Thompson and our focus today is on women saving for their retirement.Jacqui says:"A lot of women are saving for their grown up children, often at the expense of their own retirement, e.g. giving kids deposits for houses or allowing them to live at home rent-free. But please get your own retirement plan in place first! The best...2023-11-0624 min
Midlife Money MattersE17 The end of this Series - Thanks for being with usWhen Jacqui and Ingrid were planning this series Midlife Money Matters, we knew we wanted to keep it simple and cover the basics as much as we could Jacqui realised that there is NO podcast for older women in Australia and we set out to fix that!! We are really pleased with your response to this series of money episodes and we thank you for all your emails and your reviews In this the final episode for this series we revisit some of the key topics we have covered Paying attention...2023-09-2909 min
Midlife Money MattersE16 Estate Planning Part 2: Powers of Attorney, Enduring Guardianship and Binding Death NominationsYou have probably heard these terms and maybe wondered ... what do they actually mean? and why would I get one? Powers of Attorney Enduring Guardianship Binding Death Nominations In this episode - less than 15 minutes - we cover the basics of these 3 important aspects of effective Estate Planning Who would you appoint? What would they making decisions about? and the all important - what happens if something happens and you don't have these instructions in place ?? We don't specifically talk about Wills in th...2023-09-2214 minMidlife Money MattersE 15 Issues and Costs of a Move into an Age Care FacilityPart 3 of our series about Retirement Living options What are the Issues and Costs of a Move into an Age Care Facility We understand and acknowledge this is or can be an emotional topic. Both Jacqui and Ingrid have been through this with their parents - so we understand completely You may have read and heard about residential age care in the media. Most people are quite resistant to going into care. However there are a lot of really good age care homes in Australia with very caring dedicated...2023-09-1514 minMidlife Money MattersE14 Estate Planning - Part 1: Things to know about WillsEstate Planning is more than just having a will We answer some of the following questions about Estate Planning Why is Estate Planning important ?? and there are many reasons why Estate Planning is important Almost 70% of women in Australia do not have their Estate Planning in place What is a Will? What needs to be included in your Will? What motivates people to make their Will? Did you know that 14% of people say "There is nothing that would encourage me to make a Will!" ...2023-09-0813 minMidlife Money MattersE13 Retirement Living - Part 2 - Is a Retirement Village right for me?When it comes to Retirement living many people like the idea of downsizing from the family home and moving into a Retirement Village In this episode we talk about some of the key factors to consider when assessing a Retirement Village as a retirement option A few key points from this episode: It is essential to fully understand all the fees and charges involved. There are entry fees and exit fees as well as monthly charges. Buying into a Retirement Village is not the same as regular property investment. You don't...2023-09-0111 minMidlife Money MattersE12 Retirement Living – Part 1 - Accessing Care at HomeThis is the first of a series: Retirement Living This episode is: Accessing Care at Home This episode is recorded and contains accurate information as at August 2023 "I want to stay in my own home as long as possible" We know this to be true for so many people. Yep! Including us!! In this episode we look at ways you CAN stay in your own home for a long as possible What are the steps to take to ensure this is possible and where and how to a...2023-08-2515 minMidlife Money MattersE11 What is retirement? What will your retirement look like?Midlife Money Matters is a podcast about money in retirement and helping you figure out how much money you need to live your best life when you finish working. So, today's topic is important One of the important considerations is how are you going to spend your time? how will you keep your mind active? Who will be the people you spend time with? In this episode we don't define retirement, what we offer is a variety of questions to consider and topics for discussion for you and your partner, as well as other members...2023-08-1811 minMidlife Money MattersE10 Bank of Mum and Dad - some matters to considerThe Bank of Mum and Dad is a hot topic right now as we record this episode - July 2023 We know the media is talking a lot about this topic. We have received a number of emails with questions from parents who are considering helping their kids, and in some cases their grandkids, financially In this episode we offer some questions for your consideration We also offer some possible and potential scenarios to consider as you and your family discuss and decide about the financial arrangements between the generations J...2023-08-1110 minMidlife Money MattersE9 Accessing Centrelink Benefits in RetirementHere in Australia the Aged Pension is managed through Centrelink In this episode we walk through some of the basics when it comes to dealing with Centrelink A few key points to take from this episode: Start the process early - don't wait till you reach pension age Gather all your documents together before you start the application process Simplify your financial matters and assets - to help with the ongoing reporting obligations Keep copies of documents you provide as well as copies of the information regarding your financial situation If your assets change...2023-08-0417 minMidlife Money MattersAs a woman what you need to know about divorcing in later lifeYou might be surprised to learn that the divorce rate for over 50s in Australia is the fastest growing divorce AND most of the divorces are instigated by women, and not the men! If you are considering divorce - or if someone you know is in this situation - then this is an important episode for you We discuss some of the basic mistakes that we have seen and offer suggestions of what has worked for others We need to make it clear that we do NOT provide specific financial advice on this...2023-07-2812 minMidlife Money MattersE7 What is interest and how does it work?Our listener Maddie sent in a question: "Thanks so much for your podcast, am learning a lot already I don’t really understand how interest works – can you please explain what it is and how it works?” In explaining the cost of credit card interest in this episode we mention 2 online interest calculators: We encourage you to click the link and plug in some of your own numbers - maybe from your credit card statement. Credit card calculator: https://moneysmart.gov.au/credit-cards/credit-card-calculator Compound intere...2023-07-2113 minMidlife Money MattersE6 What do I need to know about Personal Risk Insurance?What is your most valuable asset? How do you ensure that you have the right insurance for your most valuable asset? In this episode we look at the 4 different types of personal risk insurances: Life insurance - which most people have heard of - with life insurance your estate receives a lump sum in the event of your death. Most policies will also pay out early if you can prove you have less than 12 months to live Total and Permanent Disability insurance (TPD) - which pays you a lump sum if y...2023-07-1422 minMidlife Money MattersE5 What do I need to know about investing my Superannuation?As at 1 July 2023, the super guarantee rate in Australia is 11%. The Superannuation Guarantee requires employers to pay 11 per cent of an employee's earnings into their superannuation fund. Further increases of 0.5% are scheduled each financial year until 2025 when the rate reaches 12%. As we mentioned in episode 4 one of the most important aspects of superannuation is to make sure all your superannuation money is in one fund - unless you have a specific reason to have more than one fund. So you have your money in one fund - what next? W...2023-07-1025 minMidlife Money MattersE4 What is superannuation ? and how can it help me?In this episode we go even more into superannuation and explain different ways it can help you - help you to build wealth and prepare you financially for your retirement. Many people truly do not understand what super is and how it works and why it is important In Australia it is compulsory for all employers to contribute super for all employees - from 1 July 2023 the amount is 11 % of your salary or wage Jacqui and Ingrid talk about a few key steps to ensuring you make the most of your superannuation On...2023-07-0719 minMidlife Money MattersWhat will you do for money between the time you stop work and the Aged pension starts - if you meet the requirementsBuilding Wealth for Retirement Statistics show that most people in Australia want to retire at about age 65 - the reality is that the majority of people actually retire - stop working - at age 55, and for a variety of reasons. In Australia you are only able to apply for the Aged pension from age 67 If this was you, what would you do for money to live on between age 55 and 67?? Remember in the intro episode we mentioned that by 2030 (in just 7 years time) one in three people - 1 out of...2023-07-0326 minMidlife Money MattersWhere does my money come from ? How much do I earn and how can I earn more?Do you know how much money you earn every week, month, year? How much lands in your bank account every week, month, year? These numbers might be quite different to each other Where does your money come from? In the previous episode we looked at how to calculate how much you need to maintain your lifestyle and in this episode we’re all about how you pay for what you need Once you know how much money you have coming in - what next? Saving and investing - it’...2023-06-3020 minMidlife Money MattersHow much money do I need to live my preferred lifestyleDo your eyes glaze over when you hear someone talking about calculating how much it costs you to live - we promise our approach will help make this easier for you We know that many people avoid doing this and in this episode we are here to encourage you to take the time to do this - truly you only need to do this once and then afterwards only need to tweak when things change We give practical examples to help you see how simple it can be to calculate your expenditure and costs 2023-06-3015 minMidlife Money MattersWho are Jacqui Irwin and Ingrid ThompsonDid you know that by 2030 - in just 7 years time - one on three Australians will be over the age of 55 years This is astonishing In this Intro episode of Midlife Money Matters podcast, Jacqui Irwin and Ingrid Thomspon introduce themselves and outline “Why this podcast?” and “Why now?” We need to make it clear that we do NOT provide specific financial advice on this show, it is just general advice and discussion. If you want advice specific to your situation you need to go and see a fi...2023-06-3010 min