We’ve thoroughly enjoyed recording the podcasts each week and we want to take this opportunity to thank all our listeners for joining us. We’ve always said that we would do the podcast even if we had just one listener, but we’re glad to see so many of you out there! Thank you!
We’d like to take this opportunity to announce that Lighthouse Financial is rebranding – we are now officially called Money Over 50 Financial Advisers.
We also celebrated our 10-year anniversary this week! A huge thank you to our clients, our listeners and our readers – here’s to another 10 years, and many more after that.
So in Episode 99, we take a look back through the archives to our most interesting, most useful, and most thought-provoking podcasts.
Episode 27 is a financial myth buster. Something a lot of people say is that it’s a good idea to move all your super into cash once you retire. Well, this is definitely a myth. Why? Well, this would cause your money to stop compounding, and most people would start to lose money 10 years after retirement instead of 25.
There are many financial myths around, though. One of our favourite sayings here at Money Over 50 is that finance is like a weight-loss plan – everyone has an opinion on it, but not everyone is an expert!
In Episode 88 we discuss how to turn $100 into $100,000 in 11 years. Sounds pretty good, doesn’t it? Putting away a small amount of money each week that you may not miss a lot right now can be worth a whole lot more in 11 years’ time, or when the time comes to retire.
Discover how to add $500,000 to your super in Episode 52. Most people come and see us when they are about 55 with half a million dollars in their superannuation fund. Usually, this means they are on track to reach $1 million by retirement, and we help them to get $1.5 million which is what most people would like to see in their super.
Episode 33 explores paying off a mortgage versus putting money into your super. If you're able to add an extra $500 a week to your mortgage voluntarily, that's excellent – but we discuss other potential uses for this money and how they could benefit you.
If you’re confused about what an ‘account-based pension’ is, have a listen to Episode 57 – we clear it up, and also discuss creating an income stream from your super.
Episode 84 looks at a tax-free retirement based on an account-based pension. As Australians we pay some of the highest taxes of any western countries during our working lives, but once we’ve retired, we’re a lot luckier than many of our counterparts.
And speaking of income once you’ve stopped working, Episode 15 looks at the different ways to draw an income after you have retired.
Thanks again to all the loyal Money Over 50 listeners out there. If you’d like to ask us a question, make suggestions for future episodes, or just say hello, email us at firstname.lastname@example.org
Dallas Davison, Michael Hogue and Ali Hogue.