One of the retirees being a widower did move into a unit after selling the family home.
The problem is, life throws curved balls, especially when it comes to health and family
And in the case of the widower I was talking about, it wasn't a question of choice as she had most of her wealth tied up in the family home. So to live comfortably with sufficient money she had to downsize and invest the remaining proceeds of the sale to live off... in her golden years.
Can't find any ETF's of that, which can be traded on ASX. Only international one that comes close is Vanguard International Fixed Interest Index (Hedged): (VIF). Here is the description:
Thanks, that is the state of my searches...why?
Yes, I think we are limited to the choices we have here in Australia. However the landscape has improved quite a bit in terms of variety compared to when ETF's were first introduced.
I agree but would have thought that an ETF for raw unedged US treasury bonds would exists, it is a key investment worldwide even for governments..
Same here, I think the unhedged version is one of the assets that investors flock onto in times of uncertainty and should be available on the asx as a plain vanilla ETF. The hedged version introduces an additional layer of complexity because investors have to try and predict what the AUD/USD will do as well.
IMO, it is difficult to value our market, we have lost a lot of manufacturing but have gained a lot of mining efficiency improvements, add to this an influx of cashed up Asians makes it difficult to pin down where we are at.
A big question, it depends if the person is above pension age or below it, if they are married or single and if they own a home or are renting.
I spend about one third of my working week dealing with Centrelink for our clients as their correspondence nominee. @sptrawler is right, depends on age, single or couple and whether you own your own home or rent. Pre 01/01/1954, your age pension age is 65, with the age pension age increasing 6 months every 2 years, details can be found here. Most of our clients fall into the couple homeowner situation, @aus_trader assuming this is your situation, your maximum deemed asset base to entitle you to a part age pension is $863,500 (if this is not your situation, you can find the relevant thresholds here). Just keep in mind though, that if your spouse has reached preservation age (between 55 and 60 depending on when they were born) and is under age pension age (most likely 65) and they do not draw an income stream from their super/pension, their super is NOT deemed by Centrelink for the assets test until they either reach age pension age or start drawing an income stream. Additionally, by this time they would now be entitled to apply for their own age pension as long as your deemed asset levels were under the $863,500 threshold.
I not long ago spoke to a customer service associate through the age pension line who told me that Centrelink have 7 weeks KPI's for processing claims. Effectively this means that no matter how much you demand to have an application processed faster, there is no requirement for them to do so before a minimum 7 weeks have lapsed from the date of application submission. Although, depending on who you get to speak with at Centrelink, after those initial 7 weeks have lapsed, you can ask to have the application escalated and request to have it processed ASAP. I have had a few applications go through quicker from this request and a few say that they can only be escalated if the clients are under financial hardship (there is a definitive definition for this but I can't recall it off the top of my head).
How is the P2P investment scene going these days, does anyone have any recent data
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