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Working backwards is one of the most effective ways for individuals to set financial goals that actually work, according to a finance director.

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On a recent episode of The nestegg Podcast, Reventon’s Billie Christofi said that especially when planning for retirement, “we’ve got to be realistic about how much money we’re going to need”.

“If we choose to retire, we need financial freedom. What does that look like?”

Reinforcing the importance of goal-setting for planning purposes, Ms Christofi said that when setting such goals and expectations “it’s important to really work backwards. To really look at where you see yourself [in retirement].”

Acknowledging that it “sounds like a really faraway goal”, especially for young people, the finance director explained that using the technique “helps you really set up a good structure with time frames of how you are going to achieve those investments”.

“You’ll know if you’re keeping on track or if you’re falling behind,” she stated.

She said it’s especially important to consider as the life expectancy of Australians continues to increase.

But how can we plan so far ahead, when we don’t actually know what our lifespan could look like?

According to Ms Christofi, this is where the importance of a “good buffer” comes into play.

“The banks do that with their monitoring – when they’re assessing you, they’re going to put a buffer in place, just to account for increases in interest rates of if your financial situation changes.”

“We need to really do that for ourselves as well,” she explained.

It’s “making sure you’re prepared and ready” for whatever life expectations you have, whether that be family holidays or having a child.

Ms Christofi believes “it’s really important that we are prepared because everyone’s life experience is different and different life phases have different expenses”.

“We need to always be prepared for that – as long as you do have that, and you’re always putting savings as a priority, then you’ve got that buffer in place.”

From her perspective, many Australians get into the habit of spending, then saving what’s left.

“If you actually put savings first and then spend what’s left, you’ll always put yourself first,” she offered.  

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Working backwards is one of the most effective ways for individuals to set financial goals that actually work, according to a finance director.

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The national economy, the value of investments and the ability to manage long-term finances are top of mind of self-funded retirees reeling from the effects of a worldwide economic slump.

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New research from National Seniors Australia (NSA) has revealed that financial concerns are weighing heavily on the minds of self-funded retirees, with emotional themes including feeling of invisibility, vulnerability, insecurity, worry and fear all registered as retiree responses.

In a survey of more than 500 self-funded retirees, the research showed more than three-quarters of the demographic (77 per cent) have concerns about the value of their investments, while 57 per cent have expressed concern about their ability to manage money long-term.

It pales in comparison to the number who expressed worry about the nation’s economy – with 86 per cent indicating that as a concern for self-funded retirees.

“These issues clearly underpin the concerns surrounding stability of retirement incomes based on accumulated funds and assets,” the report read.

Even those older Australians who had stable circumstances prior to the pandemic “are now exhibiting major fears”, NSA highlighted.

And these fears are, unfortunately well placed, with the highlighting of a number of negative financial trends, including: “The collapse and prolonged instability of the stock market; negative to zero returns on Super Guarantee (SG) balances; savings interest rates tracking downwards with the cash rate of 0.25 per cent; cuts to bank dividend; superannuation drawdowns; increased unemployment and even less job opportunities for older workers; slowing or cessation of business income, decreasing home ownership and loss of rental income; and disproportionately high deeming rates.”

As a result, older Australians are exhibiting lower and less stable income, which NSA says is likely to continue for as long as the national deficit is growing and financial and stock markets remain unstable.  

It means “self-funded retirees found themselves among groups impacted by COVID like small-business owners and casual workers, but with less time and capacity to improve their circumstances in the future”.

It argued that the distress that is being felt by Australians “who aspire to be independent of government support must be acknowledged and attended to”. 

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The national economy, the value of investments and the ability to manage long-term finances are top of mind of self-funded retirees reeling from the effects of a worldwide economic slump.

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There’s a new way for retirees to top up their super through the downsizer contribution without having to move out of their home – and it’s got the approval of the ATO.

Write comment (1 Comment) " ["fulltext"]=> string(3829) "

The Australian Taxation Office (ATO) has confirmed that a part disposal of a home can work with the “downsizer” contribution, meaning SMSF retirees and regular retirees can simultaneously top up their superannuation savings and remain in their place of residence.

DomaCom Ltd shared the news in an ASX announcement, acknowledging that the ability to contribute the proceeds of downsizing part of a home into superannuation was one of several measures to improve housing affordability outlined in the 2017-18 budget.

New guidance from the ATO has confirmed this position, which is applicable to eligible individuals over the age of 65.

“Prior to this ATO confirmation, it was generally considered that a person had to sell or dispose their entire interest in their home to be eligible to make a downsizer contribution,” DomaCom’s statement outlined.

“However, the ATO confirmation on a part disposal now means that SMSF retirees can sell a part interest in their home and make a downsizer contribution, therefore also allowing them to stay in their home with DomaCom’s senior equity release.”

Benefits of the downsizer contribution include that there is no upper age limit or contributions caps on the making of such contributions, so they can still be made when a member’s balance exceeds $1.6 million, up to the value of $300,000 for the complete or partial sale.

While residential properties can’t be sold to an SMSF, a part interest of a home is able to be sold to DomaCom’s senior equity release platform, which the company said then provides cash to the member that they are eligible to contribute to any SMSF or super fund of their choice.

DomaCom is the only fractional equity release product that complies with the downsizer legislation, according to CEO Arthur Naoumidis, who considers the ATO approval as a boon for retirees.

“The ability for retirees to help themselves by modifying their personal balance sheets and moving some of their financial resources tied up in their home to their super will enable them to enjoy a better retirement,” he commented.

In particular, Mr Naoumidis said the confirmation would be particularly beneficial for self-funded retirees who are struggling to live on their investment income.

“None of the government’s pandemic measures such as JobKeeper, JobSeeker or HomeBuilder help this cohort, so this ATO ruling provides an important method for retirees to help themselves,” he commented.

The CEO explained how the slashing of dividends has resulted in a large number of self-funded retirees struggling to live on the income generated by the investments.

“This amendment will allow them to top up their super by selling a part of their house, which will increase the income they receive.”

“The key strategy is for retirees to rebalance their personal balance sheet so that more of their assets are in income-producing investments. This is achieved by selling a fraction of their house and then using the proceeds to top up their superannuation fund, which leaves the retiree with the same net worth,” he concluded.

Note: The ATO notes that the downsizer scheme is only able to be accessed once by an individual.

This means that if they are eligible, and sell only part of their ownership interest in their home, that person cannot make any further downsizer contributions if they subsequently sell off any further part of their ownership interest.

The full list of eligibility information regarding downsizer contributions is available on the ATO's website, here. 

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Ever wondered why some people accumulate more wealth than others, even when their incomes are on par? It probably stems from their personal values, writes Helen Baker.

Write comment (0 Comments) " ["fulltext"]=> string(4514) "

You and your best mate have so much in common: you’re the same age, earn similar incomes, live in the same neighbourhood and both have the average 2.4 kids.

So, how is it that you’re facing retirement on the pension while your friend is buying holiday homes?

The answer is differing values driving your respective decision making.

Check out these common values and how they play out financially:

1. Conservatism

Pros: The conservative like structure and plans – all great when it comes to finances. They protect their assets, such as having income protection insurance. They devise plans of action based on various scenarios. They seek expert advice and embrace self-education because they know knowledge is power.

Cons: Conservatism can equal risk-aversion. And being overly risk-averse – especially when we’re younger – limits earnings potential. The safest option often yields the lowest returns. But in our younger years, we can afford to take bigger risks. After all, we have less to lose and more time to make it back if things go sour.

2. Come what may

Pros: Those who value the notion of “come what may” are easygoing. They’re happy to invest aggressively and see what happens. They don’t scrimp and save in ways that limit their quality of life in the present.

Cons: “She’ll be right” often turns to burying their head in the sand when things go wrong. They believe things will eventually work themselves out and don’t act to stem any losses. They may also forgo insurances and protections. Their retirement is ultimately a game of luck.

3. Generosity

Pros: It’s admirable that many Aussies value generosity. They support families and friends. They give back to their community. They help strangers in need. Generosity makes the world a kinder, better place. Plus, there are tax breaks that “reward” charitable donations.

Cons: Some people are too generous to their own detriment. Especially parents giving to their children. Ironically, many of these kids earn more than they do! I’ve seen couples who go into mortgage debt to set up their adult children and then are forced to sell their own home. And those who have children earning six-figure salaries but run up credit card debts that their parents pay for – with their super!

4. Status

Pros: Status and generosity can be linked. Status seekers often spoil their family and friends with luxurious gifts and lavish holidays. They’re also ambitious, hard working and sociable.

Cons: A champagne life on a beer budget means living well today at the expense of tomorrow. Brand names and flashy cars don’t come cheap, plus they’re unlikely to be assets that will increase in value over time.

5. Control

Pros: Taking ownership of your finances is highly encouraged. Knowing where your money comes from and where it goes empowers you to optimise spending and saving, and make your money work hard for you.

Cons: Control can go too far. Control freaks will go down with a sinking ship rather than admit they’re wrong. They can lead their partner into strife by dominating joint decisions. They may also avoid external advice – because in their mind they’re right anyway, so why pay someone to tell them that?

Are your values aligned?

While opposites attract in love, opposing values between couples can spell difficulties when it comes to building wealth.

One of you may want to save Africa from poverty and disease while the other wants a new BMW. You may strongly value property while your partner places a higher value on shares.

Gender plays a part, too: I find women tend to be more conservative than men when it comes to money.

No matter your personal values, you can build wealth and retire comfortably. But understand how those values impact your decision making and whether you and your partner are a united front. It could be the difference between retiring on champagne or beer!

Helen Baker is a licensed Australian financial adviser and author. 

Note: This is general advice only and you should seek advice specific to your circumstances.

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Ever wondered why some people accumulate more wealth than others, even when their incomes are on par? It probably stems from their personal values, writes Helen Baker.

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Falling rates of home ownership, government spending skewed to older Australians and deteriorating environmental factors are causing intergenerational wealth to grow, new research has shown.

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The Actuaries Institute has found that the gap between generations is growing, with those aged 25-34 with relative wealth and wellbeing sitting lower than it has at any time over the past two decades.

“The wealth effects of the housing boom, plus rapid increases in government payments on pensions and services for older people are key reasons that young Australians today have relatively lower wealth and wellbeing index scores than that of their parents at a similar age.

“Deteriorating environmental conditions have also had a significant negative impact on intergenerational equity,” actuary Hugh Miller stated.

The report noted that from 2012 onwards, there was a marked increase in the index for the 65-74 age band, while over the same period, there was a pronounced drop in the index for the 25-34 age band. 

This period coincides with the Baby Boomers entering the 65-74 bracket and Millennials entering the 25-34 bracket, suggesting a wider gap between these generations than has been present for previous cohorts.

A similar gap exists between those aged 45-54 and those aged 65-74. Those in the older cohort are pulling away from both younger groups.

The index shows that today’s young people have significantly better health, education and social outcomes than older cohorts. 

Life expectancy, the ultimate expression of health, continues to increase, with those born today expected to live an additional 20 years compared with those born in 1920.

Robbery victimisation rates and teenage birth rates have dropped, improving intergenerational equity, but incarceration rates and the number of children in out-of-home care have increased.

The proportion of individuals with at least a Year 12 education has risen to 70 per cent in 2019, from 56 per cent in 2000. Completion rates were much lower when the current cohorts, aged 45-54 and 65-74, were of school age.

Dr Miller said wealth varies over the course of a person’s life. In absolute terms, wealth for young people is increasing slowly. But the increasing gap is concerning, particularly if there are reduced opportunities for young people to change their circumstances.

“But we can see large deficits for economic, housing and the environmental domains,” Dr Miller said. “When focusing on change, particularly over the past five years, it is the movement of economic, housing and environment components that causes the slide in relative score,” Dr Miller concluded.

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Falling rates of home ownership, government spending skewed to older Australians and deteriorating environmental factors are causing intergenerational wealth to grow, new research has shown.

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Australians are becoming increasingly gloomy about their retirement prospects, with many believing that the flow-on impact of COVID-19 will mean they will have to work longer, new research has found.

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Forty-five per cent of Australians are either scared or do not feel financially confident about retiring, while 23 per cent of Australians aged 30-65 say they will be forced to delay retirement due to COVID-19, according to research from Colonial First State. 

“The coronavirus pandemic has significantly changed the world, not only socially but financially, too. These are extremely challenging times for many people,” said CFS general manager for product Kelly Power. 

“It has been a big [wake-up] call for those Australians in their prime working age regarding their employment, savings, expenses, investments and super, and many have been forced to get a better grasp of their finances.”

The report found that older Australians over 55 are more confident they can still retire as planned, while those aged between 35-49 are more sceptical and financially underprepared. 

“Younger Australians who still have time before retirement are feeling more anxious about retiring than their older counterparts because they’re still building up their savings pool while the reality of retirement costs start sinking in,” Ms Power told concerned Australians.

Women have also been hit harder than men, with a third saying they do not feel confident about retiring as they have been able to save less during the pandemic. 

However, women are more willing to reduce spending compared with men (53 per cent versus 46 per cent) once this is over.

“Women would benefit from further initiatives and incentives to make additional contributions to super to ensure they have adequate retirement savings,” she said.

“Specific measures include mandating super contributions on paid parental leave and removing the $450 per month threshold for superannuation to be paid. This will also improve the retirement savings adequacy for low-income earners and casual participants in the workforce who often hold multiple jobs, many of whom are women.

“As an industry, this is something that is concerning for us, and we need to do everything we can to support women impacted by coronavirus, help them protect their wealth and rebuild as the economy recovers.”

However, one positive from the pandemic is that people are engaging more with their superannuation and retirement prospects, with an additional 16 per cent of Australians checking on their super balances since the pandemic, on top of the 42 per cent that already check frequently. 

“The good news is there are some simple ways to rebuild your nest egg and boost your retirement income, and we’re already seeing some Australians starting to tackle this. Our research found that many of us are willing to make sacrifices to get back on track, reducing spending and keeping a closer eye on our budgets, which is a positive sign,” Ms Power concluded.

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Australians are becoming increasingly gloomy about their retirement prospects, with many believing that the flow-on impact of COVID-19 will mean they will have to work longer, new research has found.

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string(19) "2020-07-08 05:42:04" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "0" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#4990 (3) { ["data":protected]=> object(stdClass)#4993 (1) { ["relative"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#4992 (3) { ["data":protected]=> object(stdClass)#4995 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(1) "2" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(3) "url" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "3" ["label"]=> string(18) "Second article URL" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(16) "Related Articles" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [9]=> object(stdClass)#5241 (32) { ["id"]=> string(1) "9" ["title"]=> string(17) "Third article URL" ["name"]=> string(17) "third-article-url" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-07-08 05:42:42" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "0" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#4994 (3) { ["data":protected]=> object(stdClass)#4997 (1) { ["relative"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#4996 (3) { ["data":protected]=> object(stdClass)#4999 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(1) "2" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(3) "url" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "3" ["label"]=> string(17) "Third article URL" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(16) "Related Articles" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [4]=> object(stdClass)#5238 (32) { ["id"]=> string(1) "4" ["title"]=> string(9) "Video URL" ["name"]=> string(9) "video-url" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-06-19 05:54:21" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "1" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#4998 (3) { ["data":protected]=> object(stdClass)#5001 (2) { ["filter"]=> string(0) "" ["maxlength"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#5000 (3) { ["data":protected]=> object(stdClass)#5003 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(1) "2" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(4) "text" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "2" ["label"]=> string(9) "Video URL" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [6]=> object(stdClass)#5239 (32) { ["id"]=> string(1) "6" ["title"]=> string(33) "Image Caption / Video description" ["name"]=> string(31) "image-caption-video-description" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-06-25 16:29:55" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "2" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#5002 (3) { ["data":protected]=> object(stdClass)#5005 (2) { ["filter"]=> string(0) "" ["maxlength"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#5004 (3) { ["data":protected]=> object(stdClass)#5007 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(0) "" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(4) "text" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "2" ["label"]=> string(33) "Image Caption / Video description" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [3]=> object(stdClass)#5234 (32) { ["id"]=> string(1) "3" ["title"]=> string(6) "Status" ["name"]=> string(6) "status" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-06-20 01:45:26" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "3" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#5006 (3) { ["data":protected]=> object(stdClass)#5012 (1) { ["options"]=> object(stdClass)#5010 (2) { ["options0"]=> object(stdClass)#5009 (2) { ["name"]=> string(8) "Inactive" ["value"]=> string(1) "0" } ["options1"]=> object(stdClass)#5011 (2) { ["name"]=> string(6) "Active" ["value"]=> string(1) "1" } } } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#5008 (3) { ["data":protected]=> object(stdClass)#5014 (10) { ["hint"]=> string(0) "" ["class"]=> string(9) "btn-group" ["label_class"]=> string(0) "" ["show_on"]=> string(0) "" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(5) "radio" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "2" ["label"]=> string(6) "Status" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [5]=> object(stdClass)#5237 (32) { ["id"]=> string(1) "5" ["title"]=> string(22) " Essential information" ["name"]=> string(21) "essential-information" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-06-25 06:10:20" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "4" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#5013 (3) { ["data":protected]=> object(stdClass)#5016 (4) { ["buttons"]=> string(0) "" ["width"]=> string(0) "" ["height"]=> string(0) "" ["filter"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#5015 (3) { ["data":protected]=> object(stdClass)#5018 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(0) "" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(6) "editor" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "2" ["label"]=> string(22) " Essential information" ["description"]=> string(35) "3 points that summarize the article" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [2]=> object(stdClass)#5247 (32) { ["id"]=> string(1) "2" ["title"]=> string(14) "Embedded Video" ["name"]=> string(14) "embedded-video" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-06-20 01:43:32" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "5" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#5017 (3) { ["data":protected]=> object(stdClass)#5020 (4) { ["buttons"]=> string(0) "" ["width"]=> string(0) "" ["height"]=> string(0) "" ["filter"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#5019 (3) { ["data":protected]=> object(stdClass)#5022 (10) { ["hint"]=> string(29) "Paste your embedded code here" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(1) "2" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(6) "editor" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "2" ["label"]=> string(14) "Embedded Video" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } } ["link"]=> string(55) "/retirement/planning/covid-set-to-ruin-retirement-plans" ["image"]=> string(47) "images/article-826x550/struggling-couple-ne.jpg" ["image_alt"]=> string(34) "COVID set to ruin retirement plans" } }