I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

@SantiagoWyatt-

24 күн бұрын

I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.

@FlorentGulliver

24 күн бұрын

@@SantiagoWyatt- That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well

@SinikadzaiChewte

24 күн бұрын

@@SantiagoWyatt- The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?

@SantiagoWyatt-

24 күн бұрын

Nah I Can't say I can relate, Victoria Carmen Santaella charge is one-off and pretty reasonable when compared to what I benefit in returns.

@FlorentGulliver

24 күн бұрын

@@SantiagoWyatt- I will give this a look, thanks a bunch for sharing.

Recently, I've been pondering retirement. I've also invested $800K on S&P 500 so i could secure my financial future. i need an approach to invest in Stocks like Nvidia stocks and of course AI stocks that will align with my risk tolerance and financial goals but it seem to be bearish right now.

@Dailypalamides

14 күн бұрын

While the market is promising, expert guidance is essential for effective portfolio management.

@AdamsFerguson

14 күн бұрын

A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

@E.GCreates

14 күн бұрын

I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advisor? I'll be happy to use some help.

@AdamsFerguson

14 күн бұрын

Her name is ‘Dianne Sarah Olson’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

@ConsortiumPW

14 күн бұрын

A well diversified portfolio is essential, and its great to always have that common-sense lense of investing into stocks that have are expected to be major players as we incorporate AI into everything with a chipboard! Thanks for adding to the conversation. Amy

Just stumbled across your channel. Great to see some Aussie content on KZread. Well presented and easy to listen too.

Thanks for video. I kow a few pensioners that can actualy save money on the pension. I am trying to work out when to retire 61 at present.dont want to work to 67. I would agree your job is to give the best financial advice.not promote a particular way of thinking that may on not be popular depending on your audience. Thanks ben

Would a segment on debt recycling be possible (pros, cons, products, asset and debt ownership structures, etc)? Really enjoy your videos, thanks guys.

@ConsortiumPW

4 ай бұрын

Great suggestion Glenn! Thanks Rob

I am awhile from retirement 10-15 years, but i really found this video useful, thank you and ignore the haters....clearly they missed valuable information.

Would be great to do another one of these for singles :)

@ConsortiumPW

2 ай бұрын

Recording this one today. Thanks for the suggestion, Rob

Great presentation and ignore the haters - good to hear some Aussies on these topics thanks for sharing

Thank you for your reply.

U are doing amazing work👏🏽

So a couple with $650K in super, who own their house (but no other assets) retire at 60 - they ‘ withdraw’ from super $45K yr indexed - all good?

Wow, didn’t realise you guys had such a sov citz demographic in the comments. Solid information guys.

Thank for this great video… there’s so much information I learned

@ConsortiumPW

2 ай бұрын

Glad it was helpful!

Good to see the options. I wanted to know how $650k from the age of 60 a couple can retire? How much do they have yearly to spend until 93 years of age? Sorry, you didn’t get into that.

@ConsortiumPW

2 ай бұрын

Thanks for your question. Its a difficult one to calculate, as the chances of both getting to age 93 and receiving the Age Pension as a couple is low. The difference of the full Age Pension as a couple is $44,000 compared to $29,000, which is massive. So what I do is project to age 85, assumig someone will pass away and see if there is there enough financial assets to supplement the $29,000 single Age Pension, for those years when not too much is spend. Also retiring at age 60 means you are self funded until Age Pension age at 67. Now after saying all that, to answer your question. An income of $58,000 indexed to CPI less 0.5% pa (We spend less as we age) should see enough funds for the remaining single penioner at age 85. Sorry that was a lot, but hope it helped. Regards Rob

@user-nh5xy8rt7q

Ай бұрын

At 66 or 67 they can apply for full pensioner very simple

@Procharged32

9 күн бұрын

78 is the average death rate

A couple who retire on $ 650k can still get full pensioner , Some they still got a mortgage to pay when retire or want renovate they existing home so they will spent some of that $650 Live comfortably on full pension and have the rest of the $650 in the bank 👍👍

@Rick-kj9dd

Ай бұрын

Learn how to write a sentence that makes sense!

@user-nh5xy8rt7q

Ай бұрын

@@Rick-kj9dd A couple who retire on $ 650k can still get full pensioner , Some they still got a mortgage to pay when retire or want renovate they existing home so they will spent some of that $650 Live comfortably on full pension and have the rest of the $650 in the bank 👍👍is clear now

I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $1m+ before retirement in 3 years.

@leojack9090

10 күн бұрын

consider financial advisory so you don’t keep switching it up... those sound like great picks anyways, not bad for $350k.

@hasede-lg9hj

10 күн бұрын

Agreed, I'm in line with having an advisor oversee my day-to-day investing cos, my job doesn't permit me the time to analyze stocks myself. Thankfully, my portfolio has 5X in barely 4 years, summing up nearly $1m as of today.

@lowcostfresh2266

10 күн бұрын

this is huge! would you mind revealing info of your advisor here please? in dire need of portfolio rebalancing

@hasede-lg9hj

10 күн бұрын

I take guidance from an advisor Annette Marie Holt To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.

@fadhshf

10 күн бұрын

thanks for putting this out, curiously inputted Annette on the web, spotted her consulting page and was able to schedule a call session, she actually shows a great deal of expertise.

Im surprised how much i pay my super fund in fee's on 600k

@ConsortiumPW

2 ай бұрын

Hi Tony, fees can have a significant impact on your net returns and your balance over a long period of time. Important to understand what your paying, there are three types of fees. Product admin fees, ICR or investment manager fees and possibly a adviser fee if you use an adviser. If your in an old product, it may be costly when compared to more modern day options.

retire age 67 year, $450 per week you call very generous??

@ConsortiumPW

Ай бұрын

Hi Danny, per member of a couple this would be considered a comfortable income for the first half of retirement, as per the ASFA retirement standard. Thanks, Amy

@dannyfire8694

29 күн бұрын

@@ConsortiumPW We worked all our entire life for this country, when we are getting old, unable to work any longer we need to be look after well by this country, with cost living are skyrocket what today's $450 per week can buy you? TBH, it can't even buy you a plumber visit! It's so sad when people getting old, actually they are the most vulnerable people of society. NZ and UK none of them has mean test for retirees why does Australia to follow their cousins to do the same for its own retirees give them a decent retirement life for their last life journey. I personally agree what UK and NZ does to their retirees that is call Generous!

Just listen to their advice & stop complaining about traditional custodian acknowledgement. It’s costs you nothing to listen, and the majority of retirees need all the help they can get.

Who’s the “owners of this land”

@360buildingandpestinspecti9

2 ай бұрын

I agree

@ConsortiumPW

Ай бұрын

There are multiple, they are Jaadwa, Jadawadjali, Jupagulk, Wergaia and Wotjobaluk people. Amy

@rigley8830

5 күн бұрын

Whats this statement got to do with an educational video for retirement? Why is necessary? ​@@ConsortiumPW

Great Info. Can't you cut out the welcome to country crap. Aren't we all Australians. The constant talking about race creates move division and constant negativity.

@nickslotus9490

Ай бұрын

Yep, we are all over it

@ConsortiumPW

Ай бұрын

Thanks for the feedback Darin. Amy

@chrisaustin1969

12 күн бұрын

100% do not need the divisive crap at the beginning. Well said.

@julierussell5773

5 күн бұрын

So rude. It doesn't hurt anyone to be respectful to others by paying respects. The ugly side of bogan Australia

I turned off when you mentioned paying your respects ...huge fail

@ridetilldead3164

6 күн бұрын

They are compliant people sadly a sucker born every day

@julierussell5773

5 күн бұрын

Why are you do hateful?

@ConsortiumPW

2 күн бұрын

Thanks for the feedback Brent. Amy

You lost me and all of your credibility with the woke welcome to country crap. No subscription from me today. Next time start with something less divisive.

@ConsortiumPW

Ай бұрын

Thanks for the feedback. Amy

I didn't feel that presentation was professional at all!

@ConsortiumPW

Ай бұрын

Hi Rick, thanks for the feedback, we tend to allow the recorded podcasts (such as this video) to be much more casual in presentation. If you are after more professional style vidoes, you may enjoy the short videos on our channel. Kindly, Amy.

@sinistra328

10 күн бұрын

@@ConsortiumPW I found the information informative and very easy to understand. Thanks.

Lost me at welcome to country bullshit!

Paying your "contrived respects", then as financial advisers you actually support and at times encourage clients as Investors to OWN Australian Property as an asset class, LOL; divisive & hypocritical! Perhaps stick to your lane!

@ConsortiumPW

2 күн бұрын

Thanks for sharing your thoughts Andrew. Amy

I was very interested in what you are about to say but switched off as soon as you wanted to preach the woke religion.

@leannegon1483

2 ай бұрын

I fast forward through all of these whenever I hear them.

@crjetpilot

2 ай бұрын

Buh bye then! 🏳️‍🌈

@mjones9088

Ай бұрын

Agreed, not interested in your wokeness and guilt…

@ConsortiumPW

Ай бұрын

Thanks for the feedback Steve. Amy

@mikedoble729

26 күн бұрын

Did same.

Also switched off soon as the WOKE bullshit started unreal

@ConsortiumPW

Ай бұрын

Thanks for the feedback Paul. Amy

What a shame you had to spoil it with your virtue signalling

@ConsortiumPW

2 күн бұрын

Thanks for commenting. Amy

You check out an investment video and get another BS welcome to country!! I was born here and lived here all my life so keep that rubbish to yourself Amy..

@ConsortiumPW

2 күн бұрын

Thanks for taking the time to leave a comment. Your feedback is appreciated. Amy

Acknowledgement of land , HAA. How many indigenous people do you think watch these videos? I'll take a guess and say ''ZERO'' So who are you pandering to?

@ConsortiumPW

22 күн бұрын

Thanks for the feedback. Amy

Got 1 minute in the woke virtue signalling stated and I said goodbye. At least you got a 👎.

@ConsortiumPW

19 күн бұрын

Sorry you couldnt get past that. Amy

Very disappointing that you had to start this with a mindless welcome to country. This is corporate box ticking and extremely irritating. The land you operate on is owned by either yourselves or your landlord. The indigenous people haven’t done anything for your land or your business. Your company has done it all! Rant over!

@ConsortiumPW

2 күн бұрын

Thanks for leaving a comment. Amy

Advise to couple who retire at 65 spent more then you can Pay you funeral up front buy you cemetery plot and monument 🏛