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Planning

26 Nov

This article addresses an important topic highlighting 10 common mistakes people make as they get closer to retirement. It recommends seeking professional advice. Many of us would like to think that ‘older’ means ‘wiser’, but when it comes to money that isn’t always the case. The complexity of Australia’s superannuation and pension systems doesn’t help. The upshot is that there are a number of common mistakes that retiring and retired Australians make. What are those mistakes and how might you avoid them? Underestimating how much you need The Association of Superannuation Funds of Australia’s (ASFA) Retirement Standard calculates that a “comfortable” retirement for a couple costs $62,562 per year. For singles...

00:31 / Planning / Retirement / Superannuation
26 Nov

This article focuses on six life events that require your clients to review important planning issues. The busier we get the more we tend to put off the important things. Often the last subject we want to think about is our Will or other estate planning requirements. Living life always seems to get in the way! Sometimes that’s not our fault, especially if there has been a crisis or major change in our lives. The irony is that’s exactly when these issues should take a higher priority. If you or your family have recently (or not so recently) undergone a major life change, you need to update these important...

00:23 / Financial Advice / Planning / Strategy
10 Sep

This third article in the 4-part series on superannuation through the generations calculates how much will be needed for retirement in 20 years, how to increase the balance, salary sacrifice vs paying off mortgage, government contributions, and insurance through super.     Typically your forties is a time of established careers, teenage kids and a mortgage that is no longer daunting. There are still plenty of demands on the budget, but by this age there’s a good chance there’s some spare cash that can be put to good use. As you pass the halfway mark of your working life, it’s time to give...

04:54 / Financial Advice / Insurance / Planning