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Noel Whittaker

Noel Whittaker

Noel Whittaker, AM, is the author of Making Money Made Simple and numerous other books on personal finance.

Friendships that span different social classes can not only make you happier; they can make you richer.

Should I use my super to buy a $100k car or get a loan instead?

It may seem silly to get a car loan so late in life but, depending on your super returns, it can make sense.

  • Noel Whittaker

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The difference in interest is costing you $50 a week.

I’m 73 with $19k in credit card debt. Should I use my savings to pay it off?

The interest you’re paying on credit card debt is slowly eroding your savings, but it can feel like a lot to pay off at once.

  • Noel Whittaker
Ensuring you have enough insurance when you jump into retirement is key.

I’m 63 and plan to retire soon. Should I keep my life insurance?

As you approach retirement, it makes sense to reassess what financial damage would actually be done if you died.

  • Noel Whittaker
Senior moment.

I’m 74 with $1.6m in super. Am I eligible for a healthcare card?

If you earn too much, even in retirement, you won’t be eligible for the Commonwealth Seniors Health Card.

  • Noel Whittaker
Passing assets on to your children will have some tax consequences.

I want to sell my investment property to my son. Do I have to pay tax?

When disposing of property, even to a close relative, capital gains tax will be part of the equation.

  • Noel Whittaker
When it comes to your super, it’s good to keep your options open.

I’m 60 and retired. Should I start spending my super yet?

Moving your super from accumulation mode to pension mode has many benefits, and you can still add to it again later.

  • Noel Whittaker
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Gifting children significant amounts of money can have unintended tax consequences.

I’m downsizing my home. Should I use the funds to pay my son’s mortgage?

Before choosing to help out your children with their mortgages, make sure you have enough for yourself first.

  • Noel Whittaker
In most cases, capital losses do not persist once you pass away.

What will happen to my investment losses once I die?

In the eyes of the taxman, capital losses have a limited life. But things can change if you have a self-managed super fund.

  • Noel Whittaker
There’s no easy answer when comparing shares to property, but the latter certainly involves more ingredients.

We’ve paid off the house. Where should we invest our money now?

For years, people have argued over the benefits of shares versus property. But I think there is one clear winner.

  • Noel Whittaker
For retirees in aged care, rising costs can start to weigh you down.

Why have my aged care costs risen over 30 per cent?

While it can be easy to pass off rising costs as profiteering by retirement village operators, the truth isn’t so simple.

  • Noel Whittaker