Superannuation is a valuable component of your financial strategy. As a business owner, it can be a tool that helps to protect your interests...
No matter what stage of life, Superannuation is one area that can provide a tax-effective environment to improve your financial situation....
Wealth Management involves careful analysis of all aspects of one's finances—from investments to retirement plans....
Financial well-being is an important part of a happy and fulfilling life, yet it’s something that many of us struggle to maintain....
In his speech delivered last Tuesday, The Federal Treasurer Jim Chalmers put forward the first budget for the new Government. The key focus of the budget is a five-point plan to ease the cost of living. ...
This article follows on from the earlier “super through the ages” series. With more Australians working (and living) for longer, it outlines ways to make the most of the final years in the workforce to boost super. For most Australians, their 60s is the decade that marks retirement. For some this means a graceful slide into a fulfilling life of leisure, enjoying the fruits of a lifetime of hard work. However, for many it means a substantial drop in income and living standards. So how can you make the most of the last few years of work before taking that big...
A warning that super is not something that can be left alone for too long. Time affects everything, and super strategies are no different. This article recommends that readers regularly review their super with their Financial Adviser to ensure it is still in line with meeting their future needs. The government regularly reminds us that each Australian must take responsibility for funding their future. Regardless of when you will be able to access your super, or when you choose to stop working, you need to be aware of how your superannuation is being managed and if the final balance will be sufficient when you’re ready...
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...
The last article in the series of super through the generations explains what to do to improve super balances in potentially the last decade before having to rely on it. It covers salary sacrificing, TTR, investment focus and insurance, and a recommendation to seek professional advice soon. If 50 really is the new 40, then life has just begun. The kids are gaining independence or may have left home, and the mortgage could be a thing of the past. Bliss. But galloping towards you is… retirement! How are you tracking? According to the Association of Superannuation Funds of Australia (ASFA), a ‘comfortable’ retirement...
This is the second article in the 4-part series on superannuation through the generations. It covers super for the short and long term, options to increase the balance, how much might be needed to retire on in 30 years’ time and ways to achieve it, and insurance through super. If you are in your thirties, chances are life revolves around children and a mortgage. As much as we love our kids, the fact is they cost quite a lot. As for the mortgage, this is the age during which repayments are generally at their highest, relative to income. And on top...