Timothy Sumer

Retirement overseas and the Age Pension entitlement are some of the big issues for many retirees. Overseas retirement has been a big trend over the last few years in Australia, and this trend is only growing. People are searching for a new place to live outside of Australia, especially for their retirement years. So in today's video we will continue taking about retirement overseas, reasons for it, and specifically issues you have to deal with, if you wish to receive or continue receiving your Age Pension payments. But this is just the beginning. Over time, we will dive deep into this topic and maybe even go country after country to help you make this transition of your life from Australia to another country a bit easier from legal and financial standpoint. So first review the main reason for such a big decision as leaving the country you spend your lifetime in, and moving to a new, unknown environment: 1. Returning to the place where you were born - you want to reu...

Lifetime Annuities and Aged Care Annuities have become very sophisticated income instruments, that if used correctly can improved your retirement income, its security and reliability and consequently the quality of your life. Lifetime Annuities: The simplest way of explaining an annuity is that this is kind of a trade-off you make with a life office: you invest a lumpsum of savings, either as your private money or superannuation money, so many from your super fund. In return the life office will provide you with usually a predetermined and pre-calculated income for life. Kind of buying you own wages for the rest of your life. So before you apply, you will actually receive the full quote as to the level of income to be received year after year, what is the death benefit and how long it is payable for, as well as what is the withdrawal value at any point in time. All those benefits have been calculated for you by an actuary and once accepted by you, are guaranteed for life a...