Pension
Richard Meaden
Richard Meaden Jul 3, 2017

Ch-Ch-Ch-Ch-Changes To Pension and Aged Care

You know that it’s that time of year again when the stocktake sale advertisements are dominating the television and radio airwaves, organisations are scrambling to get their financial affairs in order and fund managers are driving up share market prices in order to improve their 12 month returns. But the end of financial year, or EOFY as we now like to call it in this age of increasing acronyms, also presents new changes when it comes to financial assessments for...
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Richard Meaden

Richard Meaden

Financial Consultant

Richard a Financial Consultant at Proven Financial Solutions. He is a professional financial adviser, qualified to provide financial advice to clients in the areas of investment portfolio construction and management, superannuation and social security. He is also accredited with the Age Care Gurus, to provide specialised financial advice in the important and growing area of Aged Care.

elephant in the room
Richard Meaden
Richard Meaden May 8, 2017

Longevity – The Elephant in the Retirement Village

The questions we are asked most often by people approaching or transitioning to retirement are, “How much will I have to spend and how long will my money last?” Advisers have traditionally responded by referring to Life Expectancy tables; indeed retirement income products have been built based on these tables. In this approach is a recipe for disaster. The Tables are produced by the Australian Bureau of Statistics (ABS) and are updated every few years to reflect the changing...
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Richard Meaden
Richard Meaden Jan 19, 2017

The 12 Tips of Christmas

Amongst the presents and tinsel this Christmas plenty of families are having a conversation about care. Here are my tips if you are considering care for yourself of a loved one. 1. Communicate. Conversations about care can be hard. Maintaining good communicate having a “with you” rather than “to you” attitude can make the transition easier for everyone. 2. Arrange an ACAT. The first step in accessing a Home Care Package or a respite or permanent stay in aged care...
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old lady holding money
Richard Meaden
Richard Meaden Jan 19, 2017

‘Aged of Entitlement’ shows Older Australians pay less tax than Young People

A recent Grattan Institute report has shown that older Australians pay about $1 billion a year less tax than younger Australian with identical incomes. Previously, it was approximately between one quarter and one third of seniors who paid tax. However this has now decreased to less than half of that - making it around one eighth of seniors still paying tax. The tax decreases began with the Low Income Aged Persons Rebate, followed by the Senior Australians Tax Offset. After...
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