Lighthouse Financial Advisers Townsville | Helping people over 50 retire with confidence
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Money Over 50.

We are now Money Over 50 Financial Advisers

We are now Money Over 50 Financial Advisers and we invite you to visit our new website here.

Money Over 50 podcast.

We invite you to listen to our podcast; Money Over 50. In each episode we discuss (and sometimes debate) the issues that matter.

​If you have any topics that you would like us to discuss, questions you want answered or simply want to get in touch... please feel free to contact us via our podcast's dedicated email at podcast@mo50.com.au
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102 FAQ - Who are your clients?

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Michael and Dallas elaborate on the frequently asked questions by prospective and current clients. This particular episode discusses the types of clients Dallas and Michael take in and some of the more common aspects of clients of Lighthouse Financial Advisers.
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101 The highest likelihood of enough vs the highest expected value

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If you had the choice of investing in a way that gives the highest likelihood of $2,000,000 in retirement OR invest in a way that gives you a 50/50 chance of having $3,000,000 or $1,000,000 at retirement, which would you choose? ​
Money Over 50

100 5 luxury goods in retirement

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This episode discusses 5 luxury goods people have while in retirement, but usually do not realise why it is a luxury. These 5 things are: having more than 10% in cash; owning your own home; having a spare room in your residence; having 2 cars; overseas travel.
Money Over 50

099 A look back: almost 100 episodes

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100 episodes for the Money Over 50 podcast! Michael and Dallas have enjoyed being able to provide valuable information to their listeners and are eager to keep on going. This episode will highlight some of their favourite episodes ever recorded, while discussing some of their most important points. We thank you all for tuning in!
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098 Why depreciation is a real expense, not just a tax deduction

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Depreciation is what happens when an asset loses value over time. Some may see depreciation only as the tax deduction that they can claim, but fail to realise that depreciation is really there because the asset in question is dropping in value (through things like wear and tear).
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097 How to give money to your kids

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The last episode discussed when it is a good time to give some money to your kids. This episode goes into detail on how you should be giving money to your kids to ensure you are acting in the best interest of both yourself and your kids. 
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096 When to give money to your kids

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Dallas and Michael discuss the topic of giving money to your kids and give examples of situations that really work well and times that don't necessarily work well. 
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095 Why I decided to rent again and why most retirees should

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On this episode, Dallas discusses with Michael why he has decided to rent again instead of buying his own home and explains why his reasoning sits in line with those a retiree should keep in mind. It all comes back to trade-offs and the lifestyle you truly wish to have in retirement.
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094 Listener Questions: selling property now vs at retirement

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A fantastic listener question coming in from Mike, asking Dallas and Michael to discuss his some options in regards to his situation. This topic explores the situation those who have most of their retirement savings tied up in investment property and the options that they have to help secure a comfortable retirement using Mike and his wife Jannene's situation as an example.
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093 Definition of a financial adviser

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Dallas and Michael discuss what it is that a financial adviser actually does for their clients. The role of guidance and direction is just as important as the technical-know-how. 
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092 Why we can only take on 50 more clients

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This episode provides some background on the Money Over 50 podcasters, diving into what their business actually looks like in terms of size.
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091 Profit first part 2 - Logistics

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This episode discusses the logistics of "profit first" and how you can put the theory into place in your household.
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090 Profit first part 1 - Theory

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This episode discusses the theory of "profit first" Revenue - Profit = Expenses and why it is better than the old way of thinking of basing your profits off your revenue and expenses Revenue - Expenses = Profit (Michalowicz, 2017). The theory was originally based at a company level, but has been adapted by Michael and Dallas to suit a household.
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089 Investing in one company is like a day at the races

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​We know that when betting on a 'sure-thing' racehorse, there is still a large chance that it won't win and you'll lose the gamble. But when it comes to investing in a single company, people struggle to see that it very similar to a gamble. The gamble can be educated, but there is still a very real risk of you losing.
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088 Turning $100 per week into $100,000

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Michael and Dallas discuss how a big of a difference a regular investment of $100 can make to your future savings. Have a look at your expenses, is there a spare $100 that is being spent each week on something with little to no value that you could invest instead?
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087 What to do after you make a mistake

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In life, you'll find yourself making mistakes often and it is no different in the world of investing. But, it is the lessons learnt and the decisions made afterwards that can make a positive impact on your plans.
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086 Retirement planning is a series of sprints not a marathon

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Michael and Dallas discuss the importance of looking at the short term objectives and doing the best you can do during those periods. Focusing on your short term objectives can help make that long term goal become more achievable.
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085 Making decisions based on a plan or fear

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This episode has Dallas and Michael discusses the troubles that can be involved when making financial decisions that are influenced by your fears.
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084 Taxes in retirement

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Michael and Dallas discuss a number of different types of taxes involved in retirement, revealing the most tax effective ways to use your money during this time.
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083 Why it's not as easy as just buying shares while they're cheap

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Dallas and Michael explain how successful investing is not just about buying shares at a cheaper price. To become a successful investor, it is more likely the long term plan that you follow will do you more good.
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082 Listener Question: When to seed 1-2 years worth of income needs in retirement

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This listener question gets Michael and Dallas discussing some of the time frames one might look at when it comes to moving some of their retirement savings into cash. It might not be the answer you have been lead to believe!
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081 5 legal loopholes to take advantage of (Version 2)

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This episode reveals 5 legal loopholes/tax-savings that you can use in order to maximise your retirement savings!
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080 No Boundaries

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Michael and Dallas discuss how the current day and age makes the possibility of providing financial advice to people outside of Townsville so much easier. They emphasise the fact that their clients who live outside of Townsville or Queensland still receive the same quality of financial advice as a Townsville resident would. There are no location boundaries in Australia when it comes to financial planning with Lighthouse Financial Advisers.
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079 Listener Question: Low income earners

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The first of our new "Listener Question" episodes has Michael and Dallas discussing the importance of building your retirement savings even as a low income earner. They reveal strategies and tips that can help these low income earners maximise their retirement savings as much as possible. ​
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078 No such thing as no risk

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In this episode Michael and Dallas discuss how being a risk-averse investor doesn't get rid of risk for you as an investor. Instead, you create a trade-off and shift that risk over to a different area. ​
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077 What does "keep some powder dry" mean?

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Michael and Dallas discuss the importance of being in a position to meet living expenses and unexpected costs when things change, without needing to sell down your investments at discounted costs. Dallas emphasises that it does not mean for you to hold off investing to try and time the market.
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076 What matters and what doesn't matter

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Financial planning is all about trade-offs, and a lot of the time people don't understand the ramifications their financial actions can make. Having an understanding of what matters and what doesn't can help you see the big picture.
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075 Case study - 4 years from retirement

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This episode looks at a case study for a stereotypical client couple of Dallas'. Using their example to highlight the importance of having a viable retirement plan and taking the steps needed to achieve it.
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074 Willpower is a myth

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When it comes to saving money a lot of people think that it's their willpower or lack thereof that dictates how much they save. But in reality, it's a persons processes and habits that actually make the difference.
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073 Hybrid Vigour

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It is said that when breeding cattle, especially in North West Queensland, you want the base of your cattle to be a tough breed (Brahman) that can withstand drought and low nutrition, and you want a softer British breed (Charolais)  to go over those cows. The theory is that the progeny of that first cross will be better than both original parents, and would be better than the offspring of a cross bred cow and bull. This is how we look at the way our clients money should be invested, where short-term and long-term money should be separated in different asset classes and not mixed together.
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072 What scares you about retirement?

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When coming into retirement a lot of questions may run through the heads of the near retirees both consciously and subconsciously. These thoughts can be associated with financials, or even just wondering what you are going to fill your time with.
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071 3 immediate changes you can make

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Dallas and Michael share 3 common strategies that they use with new clients to help them reach their retirement goals. These immediate changes can also be put into place by you, the listener. 
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070 Lack of financial doing is like me not going for my medical tests

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Creating the plan is all well and good but without any action being taken, the plan doesn't mean too much. We are lucky enough to have Kylie, our Director of Financial Doing, and she is the one who gets things done.
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069 Why we only take on new clients over 50

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At Lighthouse Financial Advisers Townsville we pride ourselves in being retirement specialists, focusing on people over 50. This episode dives into our reasoning as to why we decided to focus our time on these people.
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068 Claiming your $10,000 tax refund

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This episode discusses the importance of utilising the concessional contributions cap each year, and the new carry forward rule which allows you to make use of missed concessional contributions from previous years.
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067 Covid-19 Update: Wind in our sails

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​It has been 3 weeks since our final Covid-19 update, but after seeing such positive movements in the financial market recently, we thought it would be good to discuss how the world has finally got some wind back in its sails.
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066 Case study - 10 years from retirement with job changes

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Another real-life case study on a client couple of ours who achieved their retirement goals even with job changes happening late in their working life.
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065 Case study - Travelling each year and then semi-retiring at age 58

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​This case study focuses on the retirement plans and outcome of a single woman who wanted to be able to retire early and still have the ability to travel each year up until retirement, retaining a good balance of life. 
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064 Investing is the worst form of retirement planning excepting for all others

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This episode discusses why investing in growth assets is not a perfect form of retirement planning, but compared to the other forms it is the best way.
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063 Why you should make personal contributions to super instead of salary sacrificing

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Dallas and Michael discuss two different methods of maximising your concessional contributions in order to increase your tax savings, explaining why they prefer claiming a deduction on after-tax personal contributions to salary sacrificing.
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062 Hand up VS Hand out

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​Providing hand outs to your adult children is not necessarily in the best financial interest of either parties. However, there are ways to 'hand up' this money to benefit the receiving party and not cement bad financial habits.
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061 When to sack the coach (Financial Adviser)

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In this episode we discuss different examples of when it is/isn't suitable to leave your current financial adviser.
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060 Final Covid-19 update

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This episode is the last of the weekly Covid-19 episodes that were keeping you in touch with what's happening in the financial markets during this time.
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059 You can’t take away risk, you can only shift it

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Michael and Dallas discuss risk and how changing your investment plan to reduce market risk (volatility) is simply shifting your risk over to somewhere else i.e. possibility of running out of money due to purchasing power risk.
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058 Covid-19 Update: 24% off everything

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This week has seen some easing of restrictions and plans for more to lift in the near future. We are still in discount territory for investing, with the market being down 24%. ​
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057 What is an account based pension?

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The term account based pension can confuse a lot of retirees, in this episode we aim to break it down for you in a way that you can understand.
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056 Why we say companies instead of shares

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​In this episode, we discuss why we have decided to utilise our language to remind our clients that they are invested into companies and not just a number on piece of paper.
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055 Covid-19 Update: Up 5% Mon-Thurs, then down 5% Friday

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The week started off well with a 5% rise in the market to start it off, but by Friday it went back down to where it started at the week at 27% off everything. This is volatility at its finest.
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054 Fear of loss Vs. Fear of missing out

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In the world of investing there are two major types of investing: the fear of loss, and; the fear of missing out. It would be safe to say that as investor's we have all felt these fears in some instance.
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053 Covid-19 Weekly Update: 27% off everything

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This episode is another update on the financial world during the Covid-19 pandemic. You can see the pattern in our terminology; seeing the low market values as an opportunity instead of issue, can do wonders for your retirement planning.
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052 How to add $500,000 to your superannuation balance

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Adding half a million dollars to your retirement savings may seem like a foreign thought during times like these (Covid-19). However, we'll discuss why having a well thought out and executed plan can help you achieve that.
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051 Why moving your super into cash could cost you $250,000

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Moving your super into cash may feel like a safe move because you avoid the worries caused by volatility, but in reality, it opens up a whole new risk and can have a negative impact on your  retirement savings.
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050 Covid-19 Weekly Update: 23% off everything

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The Australian market is still on sale for those wanting to invest, now sitting at 23% under it's previous high. On top of that, the S&P 500 (top American companies) is down by only 17% even though they have a large and very serious threat with Covid-19.
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049 Why a residential investment property is the worst asset to own in retirement

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In this episode Dallas and Michael discuss owning residential property in retirement, and highlight the many negatives that come with owning this type of asset.
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048 What does a 30% , 40%, and 57% drop feel like - Part 3

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This 3 part series involves Dallas Davison interviewing Michael Hogue on his experience through times of significant market drops. The final part of this series focuses on the recovery from the GFC (2009 to now).
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047 Covid-19 Weekly Update: 25% off everything

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Just recently we had done a podcast talking about the volatility caused by Covid-19 where the market was 35% down from the top; it is now at 25% down from the top. Yet we still can't predict whether it has hit the bottom or not, all we know is that there is still a "discount" on shares at the moment and it may be a great time to start planning for your future.
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046 What does a 30% , 40%, and 57% drop feel like - Part 2

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This 3 part series involves Dallas Davison interviewing Michael Hogue on his experience through times of significant market drops. The second part of this series focuses on Michael's experience during the Global Financial Crisis (2007-2009).
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045 What does a 30% , 40%, and 57% drop feel like? - Part 1

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This 3 part series involves Dallas Davison interviewing Michael Hogue on his experience through times of significant market drops. The 1st part of this series focuses on the boom years (2001 to 2007).


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044 Why now is a great time for retirement planning ​

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We're in a stressful time due to Covid-19, and the thought of retirement planning might be pushed to the back of your mind with so much going on. However, it might actually be a really good to establish or enhance your retirement plan.
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​043 Covid-19 Weekly Update: 30% off everything

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This is the first update of our weekly financially-related Covid-19 discussions. This episode's focus is on how a different mentality regarding the market price drops caused by Covid-19 can become an advantage to your retirement savings.
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042 'When things settle down', and what that really means

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During periods of high volatility and uncertainty, it's understandable why some people want to reduce that pain by pulling their money out into cash and reinvesting it when things settle down. Unfortunately, this a quick way to crystallise your losses, therefore, losing retirement savings in the process.
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041 Why volatility isn’t a sign you did something wrong

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Volatility is a part of every day life... When it comes to investing, it becomes apparent even more. But just as there are highs, there will be lows, it does not mean you have done something wrong
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040 Cash is king

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The old fashioned 'cash' method of payment for certain expenses might be a massive help with your bad spending habits. The convenience of technological advances, such as tap and go, blinds you from seeing yourself blow your budget out, but visually watching your cash go down is an excellent way to cap your expenses.
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039 How to avoid a 17% inheritance tax

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When you pass away, if your money is being passed onto a non-dependant beneficiary (e.g. adult children) a portion of these funds will be taxed. Dallas and Michael discuss a way to avoid this inheritance tax.
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038 Generation X turns 55

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How time flies, the first of Generation X turns 55 this year (2020). This is a significant time because this is when the thought of retirement really creeps up in someones mind.
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037 What not to do about market volatility

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Market volatility is an unavoidable aspect of investing in shares, but don't let your panic dictate the decisions you make. ​
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036 Soup Nazi

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This episode refers to the classic Seinfeld episode "The Soup Nazi" and explains why it is important for the financial planners and their clients to create and follow processes to ensure that the work that we do is done correctly and to a high standard.
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035 3 ways that people lose money in shares

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​When it comes to building up your retirement savings, investing in shares can be really effective. However, there are things to avoid and precautions to take to ensure you don't lose money in shares. This episode looks into a few of the main reasons people lose money in shares.
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034 5 reasons couples argue over money

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​​Being in a relationship will bring forward unavoidable individual differences that may lead to arguments. Michael and Dallas discuss some reasons why couples argue over money. 
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033 Should you pay off your mortgage or contribute to super?

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Life is full of finite resources, With money being no different. This episode explores some the decision making process needed before deciding to use your spare cash flow to pay off your mortgage or contribute to super. This ranges from interest rates to tax savings and more. There is an answer for everyone, but the answer depends on the circumstances surrounding you.
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032 We don't live an extravagant lifestyle

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Hearing "we don't live an extravagant lifestyle" is usually followed by a deviation to the plan or a denial in one's spending habits. Whatever your lifestyle is, and whatever you choose to spend your money on are simply the facts. The best predictor of your future spending habits is to look at what you're spending is like now.
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031 What's a good investment?

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​Michael and Dallas discuss the common question they receive "what's a good investment?". They discuss whether or not there is a perfect investment and how different plans may require different investment plans.
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030 Making the most of the decade

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​It's a new decade! Michael and Dallas discuss a story about a couple's 9 year experience as some of Lighthouse Financial Advisers earliest clients. They use their real-life story as an example to prove that you can make a significant difference to your future retirement if you stay consistent and focused.
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REPLAY 015
Different ways to draw an income in retirement

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This episode, posted in mid-July 2019, was our most popular of the year. We've decided to replay this episode for our new listeners and for our long-time followers who might be in need of a refresher. These podcasts are so enjoyable, and we're looking forward to providing some useful information for many more years to come.
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Episode 028
New Year's resolutions

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It is now 2020, a brand new year, and here begins the wave of New Year's resolutions. Michael and Dallas give some handy tips in creating and sticking to some financial related New Year's resolutions to help you get ahead and stay ahead. ​
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Episode 027
Financial mythbusters

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​Michael Hogue and Dallas Davison dive straight into the world of "financial myths" and debunk them for their listeners. Some of these myths have stuck around for a long time and include topics such as vehicles (e.g. turn your car over every 3 years), property (e.g. you have to break into the property market early), super (e.g. you should move all your super into cash when you retire), and many more!
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Episode 026
​FAQ Part 3 - Do I need to sign a contract?

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In Part 3 of our Frequently Asked Questions series, Michael and Dallas discuss the reasons as to why they don't believe in using lock-in contracts, and how continually adding value to the work they do for their clients is what they prefer when it comes to retaining them.
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Episode 025
FAQ Part 2 - What information do I need to provide?

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In Part 2 of the Frequently Asked Questions series, Michael and Dallas discuss the information that clients need to bring in order for them to get a rough picture of where you currently sit, where you want to be in the future, and whether or not your goal needs to be adjusted.
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Episode 024
FAQ Part 1 - What are your fees?

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​Part 1 of the Frequently Asked Question podcast series, Michael Hogue and Dallas Davison discuss the big question "what are your fees?". They briefly explain common fee structures for financial advisers and provide the fee structure that they use. "Are we locked in forever?" is the next question they discuss on this episode, explaining their reasons as to why they do not believe in a lock-in contract.
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Episode 023
​Active management VS Index management

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​Dallas Davison and Michael Hogue discuss one of the more common debates in the world of financial planning, Active management VS Index management. They look at the pros and cons of each type, covering things such as: costs, long-term efficiency and the rarity of good active managers. The preferred method they both use is revealed and they explain why it suits them best.
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Episode 022
​What are you worried about?

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Michael Hogue and Dallas Davison discuss some of the issues that people are being told to worry about. As human beings, it is in our nature to always need to have something to worry about!  But a deeper look shows that things in the economic world are going well at the moment. Topics discussed include: inflation & returns; unemployment & wage growth; the inverted yield curve; and some other worries.​
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Episode 021
Why 99% of people shouldn't have SMSFs

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Michael Hogue and Dallas Davison discuss reasons as to why owning a Self Managed Super Fund becomes a burden with increased complexity and mention some of the costs that are involved in owning one.
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Episode 020
Travel in 70s with Maria Pandalai

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Michael Hogue invites Maria Pandalai from Travel Managers in to speak about traveling in your 70s. Maria, a professional in her industry, discusses the best locations to travel in this age bracket, the things people tend to not think about when planning a holiday, and how custom-made packages may be the best option for you.

Resources:
  • Maria Pandalai:   https://www.travelmanagers.com.au/ptm/MariaPandalai/     maria.pandalai@travelmanagers.com.au
  • Michael Hogue:  michael@lighthouseadvisers.com.au
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Episode 019
Travel in 60s with Maria Pandalai

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Michael Hogue invites Maria Pandalai from Travel Managers in to speak about traveling in your 60s. Maria, a professional in her industry, discusses the best locations to travel in this age bracket, the things people tend to not think about when planning a holiday, and how custom-made packages may be the best option for you.

Resources:
  • Maria Pandalai:   https://www.travelmanagers.com.au/ptm/MariaPandalai/     maria.pandalai@travelmanagers.com.au
  • Michael Hogue:  michael@lighthouseadvisers.com.au
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Episode 018
Travel in 50s with Maria Pandalai

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Michael Hogue invites Maria Pandalai from Travel Managers in to speak about traveling in your 50s. Maria, a professional in her industry, discusses the best locations to travel in this age bracket, the things people tend to not think about when planning a holiday, and how custom-made packages may be the best option for you.

Resources:
  • Maria Pandalai:   https://www.travelmanagers.com.au/ptm/MariaPandalai/     maria.pandalai@travelmanagers.com.au
  • Michael Hogue:  michael@lighthouseadvisers.com.au
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Episode 017
Career change later in life with Cathy Boyce

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Michael Hogue sits down with Cathy Boyce to discuss Cathy’s story.   Cathy and her husband David are clients of Michael’s.   Cathy talks about how she resigned from a regular paycheque and changed career later in life, starting not one, but two businesses: Silver Fluoride CPD and Townsville Orofacial Myology “TOfM”.   Cathy speaks about the benefits of the career change including: greater flexibility; the ability to be able to pick-up, put-down work; and the increased satisfaction she receives from being able to help others through these new directions.   Michael talks about the challenge that a career change creates to someone’s retirement (financial) plans, but how this can be overcome through a process of trade-offs designed to achieve the ‘balance of life’.  Finally, Cathy shares her plans to start a podcast (Beyond Brushing) aimed at increasing the awareness amongst consumers of overall oral health wellness.   
Resources: 
  • Silver Fluoride: www.armer.com.au and Facebook Black.diamonds.rock
  • TofM website :  www.townsvilleofm.com.au
  • Cathy’s Podcast:  Beyond Brushing: Optimal Oral Health Outcomes
  • Michael Hogue:  michael@lighthouseadvisers.com.au
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Episode 016
Financial stress VS Financial problems

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You may ask “What is the difference between Financial Stress and Financial Problems?”   Dallas explains what the differences are and what you can do to overcome these.  
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Episode 015
Different ways to draw an income in retirement

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Perhaps the biggest question to be answered as you head into retirement is “How do I draw enough income in my retirement without ever running out of money?”. Dallas and Michael discuss the various ways in which retirees can draw a consistent income during a likely 30-year retirement time frame, along with the trade-offs that can be made, and the rules-of-thumb that work best to avoid running out of money early.

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Episode 014
Should you have a budget?

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Dallas Davison and Michael Hogue discuss how to have a budget that works for you. In particular, we look at: whether to use a DETAILED budget or a GOALS based budget; how to automate your budget; the benefits of using pay cycle transfers.
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Episode 013
The wrong people to have around you - financially

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In this episode, Dallas and Michael discuss the various “character actors” that tend to be in the play: the “Yes” woman; the man with a hammer; and the Jones’s are just some of the typical characters that influence the decisions of those around them.We discuss the things to watch out for when making financial decisions.
Money Over 50 Podcast

Episode 012
​Top 5 reasons retirement plans get derailed - financial planning without financial doing.

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In the final installment of this 5 part series, Michael Hogue and Dallas Davison discuss the importance of moving from planning phase to doing phase.
Money Over 50 Podcast

Episode 011
Top 5 reasons retirement plans get derailed - not working backwards.

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Your hosts Dallas Davison and Michael Hogue point out how not working backwards can derail your retirement plans. This is the fourth episode in this 5 part series.
Money Over 50 Podcast

Episode 010
Top 5 reasons retirement plans get derailed - not starting today.

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​In episode 3 of the 5 part series Dallas Davison and Michael Hogue comment on the importance of getting started today. 
Money Over 50 Podcast

Episode 009
Top 5 reasons retirement plans get derailed - leaving money on the table.

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Leaving money on the table is a key reason retirement plans get derailed. In part 2 of this 5 part series, Dallas Davison and Michael Hogue discuss the ways this can be avoided.
Money Over 50 Podcast

Episode 008
​Top 5 reasons retirement plans get derailed - budget is inaccurate.

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The first episode in a 5 part series, Dallas Davison and Michael Hogue talk through the the risks of an inaccurate budget and what this can mean for your retirement.
Money Over 50 Podcast

Episode 007
Are private school and university a good investment?

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Dallas and Michael ponder over the cost of private school and university for your children and look at alternatives of spending (assumed) $20,000 pa. on education versus adding this amount to your children’s superannuation funds.  This podcast is a bit of fun in that there is certainly no right or wrong answer. 
Money Over 50 Podcast

Episode 006
​How much will I spend in retirement?

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One of the common mistakes that Dallas and Michael see with aspiring retirees, is that they have an inaccurate estimate of how much they will spend each year in their retirement.  Most often than not, people underestimate how much they will really spend leading to less than ideal outcomes.   The podcast discusses three ways to make a more accurate estimate:
  • Based on the average income spend of other retired people.
  • Based on a “budget as if retired”. 
  • Based on your current expenditure with allowances for any changes. 
Money Over 50 Podcast

Episode 005
Can we do this on our own?

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Dallas and Michael discuss the common attributes of people who tend to need help with planning for their retirement:
  • People who don’t have the time to do the research.
  • People who don’t have a ‘head for numbers’.
  • People who don’t want to, or don’t enjoy, working on their finances. 
  • People who don’t have a good understanding of our taxation system.
  • People who don’t have a good understanding of super legislation.
  • People who are likely to react emotionally to market fluctuations and economic events. 
  • Couples - Usually need someone ‘in the middle’ making sure everyone is working together.
  • People with a ‘track record’ of poor decisions. 
  • People whose situation has been simple up until now and are now dealing with extra complexities e.g. transitioning to retirement.
Money Over 50 Podcast

Episode 004
​What super fund should I be in?

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Dallas and Michael discuss how this common question is not actually the best question to ask.  Other questions to ask that will have a larger impact are:  What types and amounts of contributions should I be making to super?;  What asset allocation and investment strategies should I be choosing inside my super fund?; Am I on track to have enough to retire?;   What should my expectations for retirement income be?
Money Over 50 Podcast

Episode 003
​Drive a $15,000 car to draw an extra $717,000 in retirement.

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Dallas and Michael debate whether the “new car smell” is really worth it.  Michael shares a strategy whereby driving a lower-cost car (rather than driving an expensive car under finance or lease) during the last 15 years of your working life, and contributing what you would have spent in car repayments to your superannuation fund, can allow you draw an additional $30,000 pa. each year for the first 24 years of your retirement.  This results in a total of $717,000 of cumulative extra income drawn in retirement.   Dallas and Michael ponder the question “how many great memories could be created with $717,000 of extra dollars to travel with?”  VS the fading memory of the “new car smell”.
Money Over 50 Podcast

Episode 002
​Semi-retirement vs retirement.

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​Dallas and Michael talk about the generational shift of people in their 50's and 60's seeking career changes. Often these career changers move from a full-time job that they are dissatisfied with, to a part-time role that they are super passionate about.  With increased job satisfaction, reduced stress levels, and a newfound purpose, these career changers often work in semi-retirement beyond the traditional retirement age of 65. The podcast explains how taking a pay-cut can actually benefit someone who finds a new part-time job that they are happy doing beyond age 65.
Money Over 50 Podcast

Episode 001
​Downsizing your home, instead of your lifestyle.

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Dallas and Michael talk about the three main options that you have for your family home in retirement: keep; downsize; or rent.  These options are compared with the pro’s and con’s of each. The podcast explores how downsizing your home would ideally lead to an increased retirement income of at least $10,000 pa. and looks at the optimal sequence to downsizing.  
Dallas Davison and Michael Hogue are Financial Advisers and Business Owners at Lighthouse Financial Services Townsville. The information in each podcast episode is general in nature and does not take into account your objectives, financial situation or needs. Therefore, you should consider whether the information is appropriate for you and your personal circumstances. If you require personal advice, please contact Lighthouse Financial Advisers.
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Lighthouse Financial Advisers Townsville
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Tel 07 4772 0938
Email mail@lighthouseadvisers.com.au
45 Ingham Road West End Townsville Qld 4810

Lighthouse Financial Advisers Townsville Pty Ltd ABN 26 146 225 505, 45 Ingham Road, West End Queensland 4810 is the holder of an ASIC Australian Financial Services Licence (AFSL) #471826.

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