INDEX

  • account-based pensions, using 263–265
  • accountant, using 7–8
  • adult children, in retirement 253
  • aged care strategy 277–278
  • appropriate retirement fees strategy 279–286
  • appropriate super fees strategy 225–230
  • appropriate tax in retirement strategy 286–290
  • appropriate tax strategy 182–185
  • appropriate tax in super strategy 230–236
  • asset allocation strategy 156–160
  • asset selection strategy 160–168
  • assets
    • — at start 70–71
    • — questions around 78
    • — types 156
  • attorney, powers of 329–332
  • Australian shares
    • — as assets 162–167
    • — as investments 170–171

 

  • basic stack, budgeting as 41–48
  • binding nomination 332–335
  • bonds
    • — as assets 162
    • — as investments 170
  • bring-forward rule for super 205
  • budget management strategy 122–128
  • budgeting, as basic stack 42–48

 

  • calendar for strategy stacking 81–84
  • capital protection for key person insurance 314–315
  • cash flow management strategy 128–133
  • cash rate of interest 25–26
  • Centrelink
    • — benefits scenario 214–215
    • — and re-contribution strategy 223
  • change
    • — equipping for 9–11
    • — need for you to 8–9
  • comfortable retirement strategy stack 104–111
  • company ownership investment structure 153
  • concessional contribution option 259–260
  • consolidation strategy 198–203
  • contribution catch-up strategy 209–212
  • contribution strategies 203–209
  • corporate funds 194
  • critical illness insurance 300

 

  • death benefits, tax on super 234
  • debt, getting into 28–29
  • debt comparison
    • — comfortable retirement 107
    • — mortgage reduction 97
    • — saving for house 90
  • debt products 133–134
  • debt reduction strategy 133–138
  • defensive assets 139–140
  • disability, strategy stacking around 57–58
  • distributions 27
  • diversification strategy 146–148
  • divorce, strategy stacking around 55
  • dollar cost averaging strategy
    • — for investment 148–151
    • — in retirement 275
  • downsizing contribution strategy 236–241

 

  • earnings, respecting your 19–22
  • earnings within superannuation 233
  • emotional investing 150–151
  • emotional value 47
  • emotions and money 46
  • enduring power of attorney 329–332
  • equitable charge 315
  • estate planning comparison for mortgage reduction 101
  • estate planning strategies
    • — last will and testament 323–326
    • — power of attorney 328–332
    • — reversionary pension 332–337
    • — superannuation nomination 332–337
    • — testamentary trust 326–328
  • estate planning and tax example 221–222
  • Excel, using 65
  • exchange-traded funds (ETFs)
    • — as assets 165–166
    • — as investments 173
  • expenses
    • — at start 73–77
    • — planning 129–131
    • — questions around 79

 

  • family home, selling 269–270
  • favourites, playing 168
  • fee reduction strategy 178–182
  • financial advice, seeking 341–348
  • financial plan, elements of 355–358
  • financial planning process, steps in 349–358
  • five foundations
    • — reminder 40–41
    • — setting 19–34
  • fixed income annuities 262
  • fixed income investments
    • — as assets 161
    • — selecting 169–170
  • foundational principles
    • — five 19–34
    • — revisiting in retirement 249–251
  • framing strategies
    • — budget management 122–128
    • — cash flow management 128–133
    • — debt reduction 133–138
    • — risk assessment 138–142
  • franking credit strategy 176–178
  • future super projection for comfortable retirement 107
  • future value formula 28

 

  • gearing options, share portfolio comparison 186–187
  • gearing strategy
    • — for investment 185–189
    • — for retirement 275–276
  • general power of attorney 329–332
  • goals
    • — for retirement 254–255
    • — for ‘why’ 16–17
  • government benefits 267–269
  • government co-contribution strategy 219–221
  • growth assets 139–140

 

  • home deposit, saving comparison 91
  • home prices and apparent wealth 240–241
  • house buying 135–136

 

  • imputation credit see franking credit strategy
  • income
    • — adding up 65–66
    • — at retirement age 114
    • — from investments 44–45
    • — over working life 20–22
    • — questions around 77
    • — questions on 43–45
  • income needs in retirement 254
  • income protection strategy 292–299
  • indirect cost ratio (ICR) 280
  • individual ownership investment structure 152–158
  • industry super funds 193
  • inflation in retirement 253
  • infrastructure
    • — as assets 166–167
    • — as investments 173–174
  • insurance policies
    • — choosing 296–297
    • — terms and conditions 294–296
  • interest as cost of money 25–29
  • international shares
    • — as assets 163–164
    • — as investments 171
  • intestate, dying 325–326
  • investing emotionally 150–151
  • investment fees 179–180
  • investment selection strategy 169–175
  • investment strategies
    • — appropriate tax 182–185
    • — asset allocation 156–160
    • — asset selection 160–168
    • — diversification 146–148
    • — dollar cost averaging 148–151
    • — fee reduction 178–182
    • — franking credit 176–178
    • — gearing 185–189
    • — investment selection 169–175
    • — investment structure 151–156
    • — in retirement 272–275
    • — in superannuation 241–244
    • — trust ownership 153–154
  • investment structure strategy 151–156
  • investments
    • — adding up 66–70
    • — income from 44–45
    • — outside of super 267
    • — questions around 77–78
    • — rates of return on 44
    • — reasons for having 14

 

  • joint ownership investment structure 153

 

  • key person protection strategy 313–319
  • KISS theory 155–156

 

  • last will and testament strategy 323–326
  • legacy funds 194–195, 266–267
  • legal representative, personal 334
  • liabilities
    • — at start 71–73
    • — questions around 78
  • life insurance policy option for life protection strategy 310
  • life protection strategy 309–313
  • lifestyle, not planning for 7–8
  • listed shares 280–281
  • long-term goals, celebrating 244

 

  • managed funds
    • — as assets 164–165
    • — as investments 172–173
  • market volatility in retirement 252
  • marriage, strategy stacking around 55
  • minimal withdrawal amounts from super 262
  • money
    • — five truths about 3–11
    • — interest as cost of 25–29
    • — preconceived ideas and assumptions 3–4
  • money truths, knowing at start 62–64
  • mortgage reduction strategy stack 94–103
  • multiple super accounts 202
  • MySuper funds 194

 

  • negative gearing 185–187
  • next generation, stacking for 58–59
  • nominations, binding and non-binding 332–335
  • non-binding nomination 332–335

 

  • Packer, Kerry, on tax 184–185
  • parents, shortcomings of 5–6
  • personal insurance
    • — questions around 77–78
    • — summary 68–70
  • personal legal representative 334
  • personal non-concessional contribution to super 205
  • playing favourites 168
  • positive gearing 185–187
  • power of attorney strategy 328–332
  • pre-retirement comparison for comfortable retirement 109
  • preservation age 260
  • principal 28
  • property
    • — as assets 164
    • — as investments 171–172
  • public sector funds 194

 

  • rates of return on investments 44
  • rational value 47
  • re-contribution strategy 221–225
  • ‘real return’ on term deposits 271
  • realistic, being 30–32
  • Receipt Catcher and ReceiptJar apps 126
  • recovery insurance 300
  • redundancy, strategy stacking around 53–55
  • repayment of borrowings 135–136
  • repayment options
    • — for house 136
    • — for TV 135
  • retail income protection insurance 293–294
  • retail super funds 193
  • retirement
    • — expectations of 246
    • — goals for 254–255
    • — income needs in 254
  • retirement, comfortable, strategy stack 112–116
  • retirement fees, typical 283–285
  • retirement home and tax scenario 214
  • retirement strategies
    • — appropriate retirement fees 279–286
    • — appropriate super fees 225–230
    • — appropriate tax in retirement 286–290
    • — retirement income vehicles 262–271
    • — retirement investment 272–275
    • — retirement readiness 247–256
    • — transition to retirement 257–262
    • — unexpected expenses 276
  • retirement vehicles, taxes on 287
  • revenue for key person insurance 314, 315–316
  • reverse mortgages 269–270
  • reversionary pension strategy 332–337
  • rewarding yourself 32–34
  • risk assessment strategy
    • — framing 138–142
    • — in retirement 251–253
    • — using 48–50

 

  • salary continuance policy income protection 293–294
  • salary sacrifice option 258–259
  • saving for house strategy stack 87–93
  • savings comparison
    • — mortgage reduction 98–99
    • — saving for house 90
  • school education, shortcomings of 4–5
  • second jobs 43–44
  • self, rewarding 32–34
  • self-funded income protection 293
  • self-funded retirees and franking credits 177–178
  • self-managed superannuation funds (SMSFs) 194
  • share price changes 149
  • shares, Australian
    • — as assets 162–163
    • — as investments 170–171
  • shares, international
    • — as assets 163–164
    • — as investments 171
  • side hustles 43–44
  • specific employer funds 266–267
  • spending
    • — at start 73–77
    • — and choice 45–48
    • — paying attention to 22–25
    • — planning 129–131
    • — questions around 79
  • splitting boost and tax scenario 213–214
  • spouse contribution strategy 217–219
  • starting position
    • — assessing 61–79
    • — exercise 64–79
    • — working out 77–79
  • strategies
    • — estate planning 321–337
    • — framing 121–142
    • — investment 143–189
    • — retirement 245–290
    • — superannuation 191–244
    • — wealth protection 291–319
  • strategy stacking
    • — appropriate 50–51
    • — calendar 81–84
    • — definition 37–39
    • — development of 51–52
    • — scenarios 85–117
    • — starting position 64–79
  • super investment strategies 241–244
  • super splitting strategy 212–213
  • super vehicle strategy 192–198
  • superannuation
    • — boosting 259–260
    • — consolidating funds 198–203
    • — contribution types 204
    • — fees and fund structures 226–227
    • — investment strategies in 241–242
    • — investments outside of 267
    • — making extra contributions 204
    • — minimum withdrawal amounts 264
    • — old-style products 181–182
    • — summary 68
    • — taxes on contributions 231–232
    • — taxes on death benefits 233–234
  • superannuation income protection 293
  • superannuation nomination strategy 332–337
  • superannuation option
    • — for life protection strategy 310
    • — for TPD protection strategy 304
  • superannuation strategies
    • — appropriate tax in super 230–236
    • — consolidation 198–203
    • — contribution 203–209
    • — contribution catch-up 209–212
    • — downsizing contribution 236–241
    • — government co-contribution 219–221
    • — re-contribution 221–225
    • — spouse contribution 217–219
    • — super investment 241–244
    • — super splitting 212–217
    • — super vehicle 192–198
  • superannuation-linking TPD option 304, 306

 

  • take-home pay
    • — comfortable retirement 106
    • — mortgage reduction 96–97
    • — saving for house 88
  • tax deduction, planning for 7–8
  • tax planning strategies 183
  • tax rates and types of super contributions 232–233
  • taxes
    • — on earnings within superannuation 233
    • — on superannuation contributions 231–232
    • — on superannuation death benefits 233–234
  • term deposits, ‘real return’ on 271
  • testamentary trust strategy 326–328
  • time frame, adding to ‘why?’ 16–17
  • timing of contribution strategies 206
  • total and permanent disability (TPD) insurance
    • — choosing policies 304–306
    • — policy option 304
  • total and permanent disability (TPD) protection strategy 303–309
  • transfer balance cap 334–335
  • transition to retirement strategy 257–262
  • trauma, strategy stacking around 57–58
  • trauma protection strategy 299–303
  • trust ownership investment strategy 153–154
  • TV, buying 135

 

  • unexpected expenses strategy 276
  • unexpected windfalls, strategy stacking around 56

 

  • values and spending 47

 

  • wealth, generational attitudes to 59
  • wealth protection comparison in mortgage reduction 100–101
  • wealth protection strategies
    • — income protection 292–299
    • — key person protection 313–319
    • — life protection 309–313
    • — total and permanent disability protection 303–309
    • — trauma protection 299–303
  • website for Starting Position exercise 64

 

  • ‘why?’
    • — as basic question 13–17
    • — in retirement 247–249
    • — and strategy stacking 39–40
  • wills 323–326
  • windfalls, strategy stacking around 56
  • working hours, reducing 257–258
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