Realise your dream

Disclaimer: Beattie Financial Services Pty Ltd is not affiliated with the writers, publishers or content providers. Neither Beattie Financial Services Pty Ltd, it's affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. This information is to be used for personal, non-commercial purposes only.

Realise Your Dream is a comprehensive blog which looks at important financial issues including retirement, superannuation and investment.

The blog is written by Peter Kelly and Mark Teale, two well respected individuals in the financial advice industry. They both believe that people have the right to accurate, affordable and unbiased information that will allow them to make informed decisions that will empower them to live out their lives with dignity, certainty and security.

Insurance – protecting what you have

November 11, 2018

General insurance is a “boring” subject and not a matter we have discussed much over the last few years of Realise Your Dream, however, protecting what you have is just as important in your retired life as it was in your working life

Is it time to apply for the aged pension? Pt. 2

October 31, 2018

Some weeks ago, I wrote a blog called ‘Is it time to apply for an age pension?’, which looked at the complexities and frustration of the application process. Some readers have asked the question - when should a person look at whether they would qualify for an age pension?

Change for good or change for the sake or change?

October 24, 2018

With the rather significant swing against the Coalition at last weekends’ by-election in the Sydney seat of Wentworth, we turn our attention to next year’s Federal Election, expected to be held around May 2019. If present trends are an indication of the future, we will see a change of government with ...

Time flies when you are having fun!

October 16, 2018

Last week, I was looking back over the archives and noticed that Realise Your Dream has just had its fourth anniversary. The first post was published in 9 October 2014. This is what it looked like, and what we had to say: So, have we achieved what we set out to?

Is it time to apply for the age pension?

October 10, 2018

On 1 February 2019, many people will turn 65 years and 6 months. You may be asking why is this important? For most of us, this date will mean very little, however, for those who do turn 65 years and 6 months,  it will mean that they have reached age pension age....

Royal Commission – do we need another?

October 02, 2018

f you are a regular reader of this blog, you would know I have been in Vietnam for the last few weeks, blissfully ignorant for a short period of time of all the dramas which go on in the world. When I left the country at the beginning of September, the ...

Reality…it is easier giving advice as opposed to making decisions!

August 27, 2018

Two weeks ago, my mum pushed the alarm button on the medical necklace which she constantly wears around her neck. The organisation at the other end of this alarm followed the correct procedures which they have in place – call my mum and if they are not able to raise ...

How expensive is retirement?

August 27, 2018

Regular readers will know that we often refer to the costs of living in retirement published by the Association of Superannuation Funds of Australia and known as the ASFA Retirement Standard. The figures are updated every three months to take into account movements in the general cost of living. The latest ...

Is it time to review your Account Based Pension?

August 07, 2018

On the 1st of January 2015, the age pension assessment of account-based pensions changed.  Assessment of account-based pensions was brought in line with other “financial Investments”. What does this mean? The balance of the account-based pension, regardless of the income being drawn down, was assessed in the same way as money invested ...

Compound Interest – the most powerful force in the universe!

August 07, 2018

When saving for a long-term goal, such as retirement, is it better to save small amounts for a long time, perhaps saving when we can ill-afford to, or waiting until later in life and putting larger amounts aside when it is more affordable? This question has plagued society for decades and ...

Superannuation death benefits – do you know where yours will go?

July 24, 2018

Unfortunately, this blog is not a happy one. But it covers a very important subject. Over recent weeks I have had what seems an abnormal number of questions from advisers regarding their clients who have recently lost a loved one or have been diagnosed with a terminal illness. Even at our recent ...

Income – not always what it appears to be

July 16, 2018

A person’s age pension entitlement is based on several factors. Their age this is the obvious factor. Are they single or a member of a couple? Do they own their home or are they are renting? However, the overriding consideration in determining a person’s correct entitlement is the application of the assets ...

A few interesting resources

July 02, 2018

I thought I would start the new financial year by looking at something a little different. Today access to information is at an unprecedented level. Never before in the history of mankind have we been able to freely access as much information as we can today – all brought about by ...

Elder Abuse – hard to believe!

June 27, 2018

World Elder Abuse Awareness Day was June the 15th. It has been held every year since the International Network for the Prevention of Elder Abuse established the commemoration in June 2006. What is elder abuse? It is any act which causes harm to an older person and is carried out by someone ...

An email to Henry

June 19, 2018

Last week I had a call from a colleague and friend, let’s call him Henry (not his real name). Henry is a financial planner working in suburban Sydney. For the past couple of years, Henry has been invited to speak at a Men’s Breakfast in his local community. His invitation ...

My comfortable retirement – part. 2

June 12, 2018

You may recall I wrote a blog a number of weeks ago outlining my ambitious plans for retirement.  Part of this plan was an intention to live the life of a nomad for 12 months driving an expensive motorhome from one glorious location to another. Just me, my partner and ...

When modest doesn’t cut it

June 06, 2018

Regular readers of our blog will be familiar with the work that the Association of Superannuation Funds of Australia (ASFA) does in producing quarterly estimates of just how much it cost to live in retirement. Tealey and I usually sit glued to our computer screens following the end of each quarter, ...

Would you borrow money from the government?

May 27, 2018

What am I talking about? Two weeks ago, the Government handed down the 2018 Budget. One of the more interesting initiatives was the expansion of the Pensions Loans Scheme (PLS) to take effect from the 1st of July 2019 – subject to legislation being passed. Since the announcement of the expansion of ...

I wish my husband never retired

January 01, 2020

This is a true story. Only the personal details have been redacted for privacy reasons. Jack and Diane have been married for forty-three years. Jack is seventy-one and Diane sixty-eight. They have three children and seven grandchildren. Diane works four days a week in a local business - just because she enjoys ...

The Budget – what does it all mean?

May 08, 2018

Last night was a very late night as I worked my way through hundreds of pages of budget documents produced by Treasury. You might well ask if I would prefer to be doing something else on budget night. The answer is a resounding YES but then, it has become a bit ...

More about super contributions

May 01, 2018

A couple of weeks’ back I covered the rules around the timing of superannuation contributions. In line with the same theme, I thought it would be worthwhile to revisit some other important things to keep in mind about contributions, especially considering some of the significant changes that came into effect from ...

Anzac Day – a short and important history

April 23, 2018

ANZAC Day, as we are all aware, is a national day of remembrance in both Australia and New Zealand that broadly commemorates all Australians and New Zealanders who served and died in all wars, conflicts, and peacekeeping operations and the contribution and suffering of all those who have served. But, are ...

Planning on making super contributions this financial year?

April 17, 2018

As we move into the start of the fourth quarter of the financial year, it is timely that we turn our mind to tax planning and the things we need to be considering as 30 June looms ahead. Firstly, you need to be very mindful of the correct timing of superannuation...

Age Pension and the Superannuation Sweet Spot?

April 10, 2018

What am I talking about? I will try and provide a very simple explanation.  The “Superannuation Sweet Spot” is recent terminology referring to the amount of money a person or couple needs to have saved in superannuation to ensure they achieve a reasonable level of income while maximizing their age pension. There ...

Scared of losing your marbles… or just your super?

April 04, 2018

We have previously written on a number of occasions about the risks of internet-driven identity theft and perhaps, more importantly, the theft of our hard-earned savings. But did you know that thousands of Australians have indirectly ‘given’ billions of dollars of their super to the Australian Taxation Office (ATO)? This is not ...

Age Pension and the question of residency

March 28, 2018

As readers of the blog will know that to qualify for an age pension, you first need to reach the necessary qualifying age - which now can depend on the year you were born. You also need to be an Australian resident. According to the Social Security Act, this requires you ...

My Comfortable Retirement

March 07, 2018

What does this mean? Every three months, an organisation known as the Association of Superannuation Funds of Australia (ASFA)  produces research providing details of how much a person needs in retirement to fund a comfortable lifestyle. The research is very comprehensive - documenting a detailed “comfortable budget” outlining how much a ...

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Disclaimer: Beattie Financial Services Pty Ltd is not affiliated with the writers, publishers or content providers. Neither Beattie Financial Services Pty Ltd, it's affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. This information is to be used for personal, non-commercial purposes only.

 
 
 
 
 

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