What would happen if you couldn’t work? If you were paid the average annual wage of $90,916.80[1], you could potentially earn over $10,982,000 over a 40-year working life[2]. You would use this money for daily living, for holidays, to accumulate assets like a house and car and to save for […]
Three steps to your kids’ financial success For many of us, our first experience of banking and savings was the school Savings Account Program. But in 2019 the Australian Securities and Investments Commission (ASIC) raised concerns that these accounts had little lasting impact on children’s savings behaviour. All parents want […]
Leaving it too late to achieve your goals Most of us had retirement dreams, and couldn’t wait to finish work. So once retired, why haven’t we started ticking items off the bucket list? There’s no time like now for living your dreams. When Tony and Chris retired they had grand […]
Why financial success isn’t just a numbers game! Money, finances, investments… it is easy to see why, logically, financial success could be considered a numbers game. However, real financial success requires much more than just numbers that work. It also requires passion, interest, determination, commitment, perseverance, optimism, resilience and more. […]
Don’t bank your retirement on your business Many business owners make the mistake of ignoring superannuation in preference for re-investing spare funds in their business, hoping they can then sell at a premium when it comes time to retire. At some magical time in the future, they dream they can […]
Financial Planning for Parenthood Becoming a parent is an exciting time of adjustment and upheaval; how could such a little person create so many changes – and sleepless nights? But lack of sleep shouldn’t be caused by financial worries and reduced household income. When Judy a florist, and Gary an […]
The role of estate planning in super If you are planning to join the hundreds of thousands of Australians who have Self-Managed Super Funds, one of the critical areas to address in the set-up phase is how your super will be handled when you’re no longer here. We have outlined […]
Traps to avoid in retirement – carrying debt into retirement Increased housing costs and low wage growth are seeing more Australians carry higher levels of debt into retirement. Repaying this debt can place a major drag on retirement cash flows and hinder the achievement of retirement goals. These may include […]
New Year Financial Checklist As we move towards the end of yet another year and ponder how fast the last 12 months have come and gone, many of us find ourselves thinking about the coming year and our aspirations for the future. Let’s face it, we’ve worked hard throughout the […]
For more information or to speak to one of our Financial Advisers please contact TNR Wealth Management on 02 6626 3000. Disclaimer Past performance is not a reliable indicator of future performance. The information and any advice in this publication does not take into account your personal objectives, financial situation […]