Your Money Your Life Personal Finance Podcast with Gavin Martin

In this episode Gavin Martin, Financial Adviser / Financial Planner, discusses personal finance implications of the Australian Federal Government Mid-year Economic and Fiscal Outlook (MYEFO) or mini budget, including: Baby Bonus changes Increase in the SMSF supervisory levy paid to the ATO Change to lost super arrangements - check if you have lost superannuation at www.ato.gov.au/superseeker Pension earnings remain tax-free after the death of the pension recipient, when there is no reversionary beneficiary Call 1300 275 428 Call 130 275 428 to leave your comment or financial question for Gavin to answer on the show. iTunes You can subscribe to the podcast via iTunes or other methods of syndication, here's short video explaining how. Join us on Twitter! Twitter Become a fan on Facebook If you are on Facebook, it would be awesome if you could become a fan of the page by clicking the Like button at the top of the Cornerstone Wealth Facebook page. Email me Email me at GavinMartin@CornerstoneWealth.com.au to arrange an initial consultation or complete the Contact Form. Alternatively call 1300 275 428.

In this episode Part 3 of 3 (here are links to Part 1 and Part 2) Gavin Martin, Financial Adviser / Financial Planner, addresses Retirement Planning and Transition to Retirement including: How to reduce capital gains tax How can I maximise the benefit to my children when I die? Example of tax payable by a financial non dependent when receiving a superannuation death benefit Cash Out Re-Contribution Strategy Cash Out Re-Contribution Strategy Considerations Further Resources Answers to your Retirement Planning questions The presentation slides (in PDF format) and video can be accessed at http://www.cornerstonewealth.com.au/2012-christian-super-retirement-planning-webinar/. Call 1300 275 428 Call 130 275 428 to leave your comment or financial question for Gavin to answer on the show. iTunes You can subscribe to the podcast via iTunes or other methods of syndication, here's short video explaining how. Join us on Twitter! Twitter Become a fan on Facebook If you are on Facebook, it would be awesome if you could become a fan of the page by clicking the Like button at the top of the Cornerstone Wealth Facebook page. Email me Email me at GavinMartin@CornerstoneWealth.com.au to arrange an initial consultation or complete the Contact Form. Alternatively call 1300 275 428.

In this episode Part 2 of 3 (here are links to Part 1 and Part 3) Gavin Martin, Financial Adviser / Financial Planner, addresses Retirement Planning and Transition to Retirement including: How to prepare for retirement? Strategies to help you save for retirement How does Salary Sacrifice work? What is the benefit of Salary Sacrifice? Salary Sacrifice Example How much should I salary sacrifice? What is Transition to Retirement (TTR)? What are the benefits of the TTR Strategy? Transition to Retirement (TTR) Example How does TTR work practically? What benefit could the TTR strategy provide me? The presentation slides (in PDF format) and video can be accessed at http://www.cornerstonewealth.com.au/2012-christian-super-retirement-planning-webinar/. Call 1300 275 428 Call 130 275 428 to leave your comment or financial question for Gavin to answer on the show. iTunes You can subscribe to the podcast via iTunes or other methods of syndication, here's short video explaining how. Join us on Twitter! Twitter Become a fan on Facebook If you are on Facebook, it would be awesome if you could become a fan of the page by clicking the Like button at the top of the Cornerstone Wealth Facebook page. Email me Email me at GavinMartin@CornerstoneWealth.com.au to arrange an initial consultation or complete the Contact Form. Alternatively call 1300 275 428.

In this episode Part 1 of 3 (here are links to Part 2 and Part 3) Gavin Martin, Financial Adviser / Financial Planner, addresses Retirement Planning and Transition to Retirement including: How much will you need for retirement? How to work out your retirement cost of living 65% of the after-tax income pre retirement Base on other's experience Review expenses and make an estimate of how they may change in retirement Research Modest vs. Comfortable Lifestyle Modest retirement lifestyle - Better than the Age Pension, but still only able to afford fairly basic activities. Comfortable retirement lifestyle - Enabling an older, healthy retiree to be involved in a broad range of leisure and recreational activities and to have a good standard of living through the purchase of such things as; household goods, private health insurance, a reasonable car, good clothes, a range of electronic equipment, and domestic and occasionally international holiday travel. How to provide for your retirement? Three broad sources of income: Superannuation Government Age Pension Other savings / investments 12 times rule $50,000 p.a. income * 12 = $600,000 capital How long your retirement savings will last When can you access your Superannuation? Preservation Age Conditions of release How can you access your Superannuation? Lump sum Pension Why use superannuation to save for retirement? Superannuation contribution limits The presentation slides (in PDF format) and video can be accessed at http://www.cornerstonewealth.com.au/2012-christian-super-retirement-planning-webinar/. Call 1300 275 428 Call 130 275 428 to leave your comment or financial question for Gavin to answer on the show. iTunes You can subscribe to the podcast via iTunes or other methods of syndication, here's short video explaining how. Join us on Twitter! Twitter Become a fan on Facebook If you are on Facebook, it would be awesome if you could become a fan of the page by clicking the Like button at the top of the Cornerstone Wealth Facebook page. Email me Email me at GavinMartin@CornerstoneWealth.com.au to arrange an initial consultation or complete the Contact Form. Alternatively call 1300 275 428.

In this episode Gavin Martin, Financial Adviser / Financial Planner, discusses the New Financial Year 2012 /2013 changes including: Non-concessional superannuation contribution limits have halved to $25,000 p.a. Update salary sacrifice contributions to be within the new limit Non-concessional contribution limit of $25,000 during 2012/13 includes your 9% superannuation guarantee contributions Clean energy advance for self funded retirees, pensioners and those receiving Family Tax Benefit Income tax thresholds have changed - check out how much tax you will save this year If you earn less than $20,000, you may not need to submit a tax return - check out Do I need to submit a tax return Benefits of salary sacrifice have increased for those earning between $37,000 and $80,000 p.a. Register for the Retirement Planning webinar scheduled for 24th July 2012 Pension Draw down Relief Commonwealth Seniors Health Card Are there still benefits of investing through a family trust? Call 1300 275 428 Call 130 275 428 to leave your comment or financial question for Gavin to answer on the show. iTunes You can subscribe to the podcast via iTunes or other methods of syndication, here's short video explaining how. Join us on Twitter! Twitter Become a fan on Facebook If you are on Facebook, it would be awesome if you could become a fan of the page by clicking the Like button at the top of the Cornerstone Wealth Facebook page. Email me Email me at GavinMartin@CornerstoneWealth.com.au to arrange an initial consultation or complete the Contact Form. Alternatively call 1300 275 428.

In this episode (Part 2 of 2) Gavin Martin, Financial Adviser / Financial Planner, is joined by Andrew Simpson, Principal and Head of the Elder Law Group at Moores Legal to discuss Estate Planning and Wealth Transfer including: What is Estate Planning? Why is it Estate Planning is Important? Features of Estate Planning. Estate Planning - Where Do I start? Estate Assets & Non Estate Assets. Thorough Data Collection. Preparing the Will. Formalities of Preparing a Will. And Other Related Facts. Part 1 of the Estate Planning and Wealth Transfer podcast is available here. Video The video content is available here More Information Andrew Simpson, Principal, Head of the Elder Law Group Book You can't take it with you by Andrew Simpson Call 1300 275 428 Call 130 275 428 to leave your comment or financial question for Gavin to answer on the show. iTunes You can subscribe to the podcast via iTunes or other methods of syndication, here's short video explaining how. Join us on Twitter! Twitter Become a fan on Facebook If you are on Facebook, it would be awesome if you could become a fan of the page by clicking the Like button at the top of the Cornerstone Wealth Facebook page. Email me Email me at GavinMartin@CornerstoneWealth.com.au to arrange an initial consultation or complete the Contact Form. Alternatively call 1300 275 428.

In this episode (Part 1 of 2) Gavin Martin, Financial Adviser / Financial Planner, is joined by Andrew Simpson, Principal and Head of the Elder Law Group at Moores Legal to discuss Estate Planning and Wealth Transfer including: What is Estate Planning? Why is it Estate Planning is Important? Features of Estate Planning. Estate Planning - Where Do I start? Estate Assets & Non Estate Assets. Thorough Data Collection. Preparing the Will. Formalities of Preparing a Will. And Other Related Facts. Part 2 of the Estate Planning and Wealth Transfer podcast is available here. Video The video content is available here More Information Andrew Simpson, Principal, Head of the Elder Law Group Book You can't take it with you by Andrew Simpson Call 1300 275 428 Call 130 275 428 to leave your comment or financial question for Gavin to answer on the show. iTunes You can subscribe to the podcast via iTunes or other methods of syndication, here's short video explaining how. Join us on Twitter! Twitter Become a fan on Facebook If you are on Facebook, it would be awesome if you could become a fan of the page by clicking the Like button at the top of the Cornerstone Wealth Facebook page. Email me Email me at GavinMartin@CornerstoneWealth.com.au to arrange an initial consultation or complete the Contact Form. Alternatively call 1300 275 428.

In this episode Gavin Martin, Financial Adviser / Financial Planner, presents the Top Ten Tax Tips for the 2011/12 financial year and Federal Budget Review including: Tip 1 Government Co-contribution Tip 2 Eligible Spouse Contributions Tip 3 Personal Deductible Super Contributions Tip 4 Work Related Expenses Claytons Tip 5 SchoolKids Bonus to replace Education Tax Refund Real Tip 5 Private Health Insurance Tip 6 Income Protection Insurance Tip 7 Donate Tip 8 Offset capital gains with losses Tip 9 Pre pay interest Tip 10 First Home Savers Account Federal Budget 2012 Summary Contribution Limits have changed again 30% contributions tax for high earner Refund excess concessional contributions Low Income Superannuation Contribution Superannuation Guarantee Pension Drawdown Relief Marginal Tax Rate for 2012/13 Video The video content is available here Presentation Slides Presentation slides are available here Call 1300 275 428 Call 130 275 428 to leave your comment or financial question for Gavin to answer on the show. iTunes You can subscribe to the podcast via iTunes or other methods of syndication, here's short video explaining how. Join us on Twitter! Twitter Become a fan on Facebook If you are on Facebook, it would be awesome if you could become a fan of the page by clicking the Like button at the top of the Cornerstone Wealth Facebook page. Email me Email me at GavinMartin@CornerstoneWealth.com.au to arrange an initial consultation or complete the Contact Form. Alternatively call 1300 275 428.

In this episode Gavin Martin, Financial Adviser / Financial Planner, discusses: Renting vs Buying Goal Setting Should I start a Self Managed Super Fund (SMSF) How to Transition to Retirement Call 1300 275 428 Call 130 275 428 to leave your comment or financial question for Gavin to answer on the show. iTunes You can subscribe to the podcast via iTunes or other methods of syndication, here's short video explaining how. Join us on Twitter! Twitter Become a fan on Facebook If you are on Facebook, it would be awesome if you could become a fan of the page by clicking the Like button at the top of the Cornerstone Wealth Facebook page. Email me Email me at GavinMartin@CornerstoneWealth.com.au to arrange an initial consultation or complete the Contact Form. Alternatively call 1300 275 428.

In this episode Gavin Martin, Financial Adviser / Financial Planner, explains the personal finance and superannuation announcements the Federal Government made as part of the Mid-Year Economic and Fiscal Outlook (MYEFO) that has been termed a Mini-Budg...

In this episode Gavin Martin, Financial Adviser / Financial Planner, is joined by Edward Teele to address the question "What happens if a country collapses and cannot pay back its debt?", including: European plan to deal with Greece sovereign debt issues The difference between companies and individuals going bankrupt and countries going bankrupt Previous country defaults Possibly outcomes of the current economic situation Wisdom from Warren Buffett and Professor Burton G. Malkiel Call 1300 275 428 Call 130 275 428 to leave your comment or financial question for Gavin to answer on the show. iTunes You can subscribe to the podcast via iTunes or other methods of syndication, here's short video explaining how. Join us on Twitter! Twitter Become a fan on Facebook If you are on Facebook, it would be awesome if you could become a fan of the page by clicking the Like button at the top of the Cornerstone Wealth Facebook page. Email me Email me at GavinMartin@CornerstoneWealth.com.au to arrange an initial consultation or complete the Contact Form. Alternatively call 1300 275 428.

In this episode Gavin Martin, Financial Adviser / Financial Planner, addresses your 3 questions, including: Selecting an SMSF adviser - Craig asks "My mother is looking to have someone else manage her SMSF. What points should does she need to consider when reviewing who should manage it." Going guarantor - Mark asks "I have the property I am living in paid off ($400k), I will retire in 1 year. My daughter is planning to buy an investment property ($300k). She want to put my name in the property, but only 5%, she owns 95%. My questions are: In the future is it easier to transfer the property to me? Is there any other positive reason for doing so? And how will this affect my retirement payment? If my daughter buys the property on her own (without having my name on the property), what are the differences to having my name on for 5%?" Investing an inheritance for teenage children - Yolanda asks "what is the best way to invest in property so parents and rent off children (to pay outstanding loan)" Call 1300 275 428 Call 130 275 428 to leave your comment or financial question for Gavin to answer on the show. iTunes You can subscribe to the podcast via iTunes or other methods of syndication, here's short video explaining how. Join us on Twitter! Twitter Become a fan on Facebook If you are on Facebook, it would be awesome if you could become a fan of the page by clicking the Like button at the top of the Cornerstone Wealth Facebook page. Email me Email me at GavinMartin@CornerstoneWealth.com.au to arrange an initial consultation or complete the Contact Form. Alternatively call 1300 275 428.

In this episode (Part 2 of 2) Gavin Martin, Financial Adviser / Financial Planner, addresses your questions about your superannuation investment option, including: Luke: What’s the wisest place to put extra rainy day savings? Steve: Is it better to put money into super or buy an investment property? Vivian: Pay down the mortgage or direct funds to superannuation? Brian: Pay off mortgage or is there a better strategy? Anne-Marie: What is a realistic long term percentage (%) return on a cash investment option? John: Time in the market vs timing the market Amanda: Shares, Property or Cash Ingrid: How do I get to access my super fund savings? Daniel: Are the investment option targets still realistic? Rachael: Is owning a home an important investment or is it better to rent? Errol: I want a conservative to medium risk strategy Alan: Is it best to leave my super where it is and ‘ride out the storm’? Charles: What is the best way to invest in property if you are a young family, early on in life/work? Geoff: Is it better to put most of my money into Super, invest in shares, or keep in the bank? Wayne: Do I put all my money into paying off my home loan or still make super contributions? John: Would it be to my advantage to put my super into gold for the next 4-6 years? Gawie: Is now a good time to get into the real estate market? Karl: Where is the best place to invest $10,000? Felicity: Home to Investment Property and deductible debt Ruth: Are shares a wise investment in this financial climate and given my age? Anna: First 5 Steps to buying your first property Andrew: Do we have 15-20 year term life Insurance in Australia? Mark: When is a good time to switch or split my super from growth to stable investment option? Michael: Should I consolidate my superannuation funds? The presentation slides (in PDF format) and video can be accessed at http://www.cornerstonewealth.com.au/investmentvideo. Call 1300 275 428 Call 130 275 428 to leave your comment or financial question for Gavin to answer on the show. iTunes You can subscribe to the podcast via iTunes or other methods of syndication, here's short video explaining how. Join us on Twitter! Twitter Become a fan on Facebook If you are on Facebook, it would be awesome if you could become a fan of the page by clicking the Like button at the top of the Cornerstone Wealth Facebook page. Email me Email me at GavinMartin@CornerstoneWealth.com.au to arrange an initial consultation or complete the Contact Form. Alternatively call 1300 275 428.

In this episode (Part 1 of 2) Gavin Martin, Financial Adviser / Financial Planner, addresses What is the right investment option for your superannuation, including: Introduction New deposit guarantee cap of $250,000 What is the right investment option for you? What investment structure should you use? What investments or asset classes should you invest in? Diversification Reduces Risk Understand your own circumstances Investment timeframe – How long are you investing for? What is your Age and Life stage? Christian Super Investment Options Risk Tolerance – What is your tolerance to risk or market volatility? Risk vs Lifestyle approach to determining your investments Is it a good time to get into or get out of the market? How do you prevent losses and how do you recover from losses in the value of your superannuation? Ethical Investing – How investing ethically adds values to your money? Summary Further Resources The presentation slides (in PDF format) and video can be accessed at http://www.cornerstonewealth.com.au/investmentvideo. Call 1300 275 428 Call 130 275 428 to leave your comment or financial question for Gavin to answer on the show. iTunes You can subscribe to the podcast via iTunes or other methods of syndication, here's short video explaining how. Join us on Twitter! Twitter Become a fan on Facebook If you are on Facebook, it would be awesome if you could become a fan of the page by clicking the Like button at the top of the Cornerstone Wealth Facebook page. Email me Email me at GavinMartin@CornerstoneWealth.com.au to arrange an initial consultation or complete the Contact Form. Alternatively call 1300 275 428.

In this episode Gavin Martin, Financial Adviser / Financial Planner, addresses two questions: What is the best superannuation fund with low fees Chant West Super Ratings Can I invest my super in gold and silver Gold standard Gold vs investing in gold mining companies Call 1300 275 428 Call 130 275 428 to leave your comment or financial question for Gavin to answer on the show. iTunes You can subscribe to the podcast via iTunes or other methods of syndication, here's short video explaining how. Join us on Twitter! Twitter Become a fan on Facebook If you are on Facebook, it would be awesome if you could become a fan of the page by clicking the Like button at the top of the Cornerstone Wealth Facebook page. Email me Email me at GavinMartin@CornerstoneWealth.com.au to arrange an initial consultation or complete the Contact Form. Alternatively call 1300 275 428.