Bad news comes in THREES for retirees & those 700 who will retire today.

1. Retirees hit as term deposit rates tumble.

The reserve Bank has lowered its rates to the banks & so keeping your money in the bank is a MUCH less attractive option.🔦🔦🔦👂👂

 and

ANZ takes from both ends

ANZ cut deposit rates by up to 25bp on the same day it failed to pass on the RBA cut in full

and i just read this today after the recent election.
2. 'Franking ‘still an issue’

Jim Chalmers says he is still concerned about the cost of franking credits and negative gearing to the federal budget' 🤔🤔🤔🤔

3. Means testing rules with Centrelink also change on the July1.

If this means you then as others have done recently they have made much more use of their lazy inefficient deposits by considering & acting on other options that are available to cover the shortfall & drop in living standards that they will have.

It is so simple as as another client stated yesterday he need to overcome his inertia & hence his call to us.

Another client who is retiring shortly says

Hello John,

We will wait until you notify us.

If we haven't said it before.

Thank you very much and it is really appreciated.

Regards,
R.B

.So 3 reasons for you to call or PM me today

J says just now

Hi John,

Survey all done and top marks for you!

J

Are you listening👂👂👂🤔🤔

John Michael McAuliffe AFA, DipFp., BSc., DipTeach.