Building Financial Resilience: Drought Planning for Farming Families
Every farming family knows the rhythm of good seasons and lean ones. The operations that come through the dry years in good shape are rarely the ones that simply hoped for rain.
Super in your 40s. It’s time to get focused.
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
Super in your 30s. It’s important to squeeze it in.
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
Super in your 20s. Boring? Doesn’t have to be!
This article is the first of a 4-part series on superannuation through the generations. It explains where super comes from, how it grows, how much might be needed to retire on in 40 years’ time and ways to achieve it. Are you getting any? Earn more than $450 in any given month (excluding overtime, bonuses and some allowances)? Then every three months your employer should be paying 10% of that into your super fund. Usually you can choose your fund; if you don’t, it gets paid into a super fund of your employer’s choice. But that doesn’t mean you
