E11 What is retirement? What will your retirement look like?

08/18/23 • 11 min

Midlife Money Matters is a podcast about money in retirement and helping you figure out how much money you need to live your best life when you finish working. So, today's topic is important

One of the important considerations is how are you going to spend your time? how will you keep your mind active? Who will be the people you spend time with?

In this episode we don't define retirement, what we offer is a variety of questions to consider and topics for discussion for you and your partner, as well as other members of your family

Your retirement will certainly impact different members of your family in ways they may not expect

As always we encourage you to please email any questions or comments to [email protected]

If you are enjoying the show please share with another woman who might find it helpful and leave us a review wherever you listen to your podcasts

Financial Disclaimer:

We need to make it super clear though that we will NOT be providing personal financial advice to listeners, but just providing general advice on these topics based on our knowledge and experience.

Midlife Money Matters is a podcast about money in retirement and helping you figure out how much money you need to live your best life when you finish working. So, today's topic is important

One of the important considerations is how are you going to spend your time? how will you keep your mind active? Who will be the people you spend time with?

In this episode we don't define retirement, what we offer is a variety of questions to consider and topics for discussion for you and your partner, as well as other members of your family

Your retirement will certainly impact different members of your family in ways they may not expect

As always we encourage you to please email any questions or comments to [email protected]

If you are enjoying the show please share with another woman who might find it helpful and leave us a review wherever you listen to your podcasts

Financial Disclaimer:

We need to make it super clear though that we will NOT be providing personal financial advice to listeners, but just providing general advice on these topics based on our knowledge and experience.

Previous Episode

E10 Bank of Mum and Dad - some matters to consider

The Bank of Mum and Dad is a hot topic right now as we record this episode - July 2023

We know the media is talking a lot about this topic.

We have received a number of emails with questions from parents who are considering helping their kids, and in some cases their grandkids, financially

In this episode we offer some questions for your consideration

We also offer some possible and potential scenarios to consider as you and your family discuss and decide about the financial arrangements between the generations

Jacqui and Ingrid created Midlife Money Matters podcast to help Australian women understand what it takes to have a comfortable and financially secure retirement.

This is an important topic as affects later life financial security

If you have any questions or comments please email [email protected]

Financial Disclaimer:

We need to make it super clear though that we will NOT be providing personal financial advice to listeners, but just providing general advice on these topics based on our knowledge and experience.

Next Episode

E12 Retirement Living – Part 1 - Accessing Care at Home

This is the first of a series: Retirement Living

This episode is: Accessing Care at Home

This episode is recorded and contains accurate information as at August 2023

"I want to stay in my own home as long as possible"

We know this to be true for so many people. Yep! Including us!!

In this episode we look at ways you CAN stay in your own home for a long as possible

What are the steps to take to ensure this is possible and where and how to access support and assistance with the daily tasks in your home

Many people start out with a lower level of support, say community-based services such as meals on wheels which is often sufficient initially. This is accessed through Commonwealth Home Support Programme.

A greater level of support at home is available through access to a Home Care Package.

You can find out about these services on the government's age care portal ‘My Aged Care at www.myagedcare.gov.au or by calling 1800 200 422.

The key takeouts from this episode are:

· Start thinking about where you want to live earlier rather than later

· Make sure your home is suitable and safe as you age with low maintenance and access to services and social activities

· Don’t wait to get an ACAT assessment, get a package in place and start to build up a relationship with a good home care provider (make sure they are an Approved Aged Care Provider so you can slowly increase services as you age

· Get respite care added to your assessment for possible future use

· The cost of these services is very reasonable and you can top up your package with privately paid care if needed

As always we encourage you to please email any questions or comments to [email protected]

If you are enjoying the show please share with another woman who might find it helpful and leave us a review wherever you listen to your podcasts

Financial Disclaimer:

We need to make it super clear though that we will NOT be providing personal financial advice to listeners, but just providing general advice on these topics based on our knowledge and experience.