Articles

Realise Your Dream

The Realise Your Dream blogs are written by Peter Kelly and Mark Teale.

Peter provides technical advice to financial advisers and accountants on superannuation, retirement planning and estate planning. He also has extensive knowledge in all aspects of self-managed superannuation funds and is a regular presenter at conferences, seminars and workshops. He is Manager; Technical Advice with Centrepoint Alliance Limited.

Mark has a great deal of experience, having worked for the Department of Social Security and Centrelink as a Financial Information Service Officer and Regional Manager for close to 25 years and for the last 15 years, he has worked for Centrepoint Alliance as Research, Paraplanning and Product Manager. He now works alongside PK as a Manager; Technical Advice part of the Centrepoint Technical team.

Naturally, his specialties lay in the areas of Aged Care, Centrelink and Veteran's Affairs and pushing people to realise that you are never too old to set yourself a challenge yourself.

O'Donnell Kerr Financial Planners
  • 28 August, 2018

Reality…it is easier giving advice as opposed to making decisions!

Two weeks ago, my mum pushed the alarm button on the medical necklace which she constantly wears around her neck. The organisation at the other end of this alarm followed the correct procedures which they have in place – call my mum and if they are not able to raise...

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O'Donnell Kerr Financial Planners
  • 28 August, 2018

How expensive is retirement?

Regular readers will know that we often refer to the costs of living in retirement published by the Association of Superannuation Funds of Australia and known as the ASFA Retirement Standard. The figures are updated every three months to take into account movements in the general cost of living. The...

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O'Donnell Kerr Financial Planners
  • 08 August, 2018

Is it time to review your Account Based Pension?

On the 1st of January 2015, the age pension assessment of account-based pensions changed.  Assessment of account-based pensions was brought in line with other “financial Investments”. What does this mean? The balance of the account-based pension, regardless of the income being drawn down, was assessed in the same way as...

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O'Donnell Kerr Financial Planners
  • 08 August, 2018

Compound Interest – the most powerful force in the universe!

When saving for a long-term goal, such as retirement, is it better to save small amounts for a long time, perhaps saving when we can ill-afford to, or waiting until later in life and putting larger amounts aside when it is more affordable? This question has plagued society for decades...

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O'Donnell Kerr Financial Planners
  • 25 July, 2018

Superannuation death benefits – do you know where yours will go?

Unfortunately, this blog is not a happy one. But it covers a very important subject. Over recent weeks I have had what seems an abnormal number of questions from advisers regarding their clients who have recently lost a loved one or have been diagnosed with a terminal illness. Even at...

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O'Donnell Kerr Financial Planners
  • 17 July, 2018

Income – not always what it appears to be

A person’s age pension entitlement is based on several factors. Their age this is the obvious factor. Are they single or a member of a couple? Do they own their home or are they are renting? However, the overriding consideration in determining a person’s correct entitlement is the application of...

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