444 Retiring single at 60 after a divorce: can he clear a $620k mortgage in time? (case study)

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In this episode Glen and Vince Scully, co-author of 12 Months to Retire Right, work through a real listener case study: Mick who is 52 has come out of a costly divorce with $600k in super and a $620k mortgage. Due to the nature of his work Mick will be retiring at 60 and his goal is to be debt-free and financially self-sufficient. Glen and Vince discuss:

👉 Mick's circumstances 👉🏼 is avoiding the Age Pension the right goal? 👉🏽 Glen's advice for people doing life solo 👉🏾 how can Mick achieve his retirement goal? 👉🏿 a rough snapshot of Mick's situation at 60 if nothing changes 👉🏻 what to do with the home in retirement 👉 what Mick could consider between now and 60 👉🏼 5 options to boost income in retirement using your home

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Glen James has a financial interest in Tallowwood Wealth Advice. This content is for education and entertainment purposes only and is intended for Australian residents. It is not a substitute for professional financial, tax or legal advice. Any advice provided is general financial advice only, which does not take into account your objectives, financial situation or needs.You should consider whether the advice is appropriate for your circumstances before acting on it. If you choose to buy a financial product, read the relevant product disclosure statement (PDS) and target market determination (TMD), and seek personal advice from a licensed adviser. We may discuss products, services or listener questions within our content for illustration and entertainment purposes. It is impossible to provide personal advice in this format, as we don’t know your individual financial situation. We may also change the names of questioners for privacy. While we do our best to provide accurate information, we accept no responsibility for any inaccuracies. Guest opinions are theirs and their respective licence holders. SYMO Interactive Pty Ltd and Glen James are authorised representatives of MoneySherpa Pty Ltd, which holds Australian Financial Services Licence 451289. Please read our Financial Services Guide at moneypodcast.com.au. Hosted on Acast. See acast.com/privacy for more information.