407 this episode is not for you (it's for your mum or dad)

Share this with your mum/dad/aunty/uncle/older person in your life - it's all about money stuff for over 55s. Marc Bineham, the former president of the Association of Financial Advisers (AFA), joins Glen to answer the questions you sent in on behalf on your parents/older contacts, touching on:👉Q1: How do you actually access super and what do you do with it when you retire?👉🏽Q2: What are some good reasons for both spouses or partners not to retire at the same time? Any tips for a staggered retirement?👉🏿Q3: I'm a Boomer and finally taking an interest in my finances. I don't have a mortgage or debts, earning $50k a year and have $100k in super. After maxxing my super this year, what should I do with $30k in savings if I need it in 5 years time?👉🏽Q4: My parents asked what to do now that they've paid off their house, are maxxing out super, and are not ready to retire yet?👉🏻Q5: Getting a new mortgage close to retirement - selling one to move into a more retirement friendly house - how do our parents go about getting these loans and is it possible? Any tips for parents wanting to better their financial situations just like us?👉🏼Q6: Any tips for getting better with your financial situation?👉🏾Q7: My mum's always been a stay at home mum, and dad was always the breadwinner. She feels like she wants to leave him but has no job or money to fall on. How do you go about starting afresh in your 50s with not much work experience or money? Also, homelessness in women over 50s - is it on the rise?👉Q8: Question from a daughter: at what age should you sign as enduring Power of Attorney on behalf of your parents in relation to finances?
Check out my millennial coffee, roasted by Glee Coffee Roasters: http://bit.ly/m3coffee
Here's the estate planning episodes Glen mentions:346 estate planning: wills and power of attorney (part 1): https://player.whooshkaa.com/episode?id=758594346b estate planning: dying with a blended family + Q&A (part 2): https://player.whooshkaa.com/episode?id=759534
Get in touch if you're keen to chat with someone about your situation or find out more about Marc's book, The Money Sandwich, head here: https://www.sortyourmoneyout.com/reach-out
Get $20 off The Glen James Spending Plan using the code "MAGIC". Link to course below!
For podcast resources, links to our stuff, disclaimers & warnings about this episode + more... check out: https://www.sortyourmoneyout.com/shownotes
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