Tapping into your home’s equity Retirees feeling the pinch of higher living costs, are reluctantly making difficult decisions as they draw dangerously close to outliving their retirement savings. A 2021 report released by the Association of Superannuation Funds of Australia (ASFA) found that 90% of Australians who died aged over […]
Downsize your home, upsize your super Over 55? Thinking of selling your home? Since 1st July 2018 you may be eligible to contribute up to $300,000 ($600,000 for a couple) from the proceeds of the sale of your home to your superannuation fund. This incentive, known as the ‘downsizer contribution’, […]
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, […]
How to Ensure Your Savings Benefit Your Loved Ones. Most of us work hard to save for our retirement, and thanks to tax concessions and compulsory contributions, superannuation often forms a large part of retirement savings. But it’s essential to understand who controls where your super goes if you pass […]
Tapping into your home’s equity Retirees feeling the pinch of higher living costs, are reluctantly making difficult decisions as they draw dangerously close to outliving their retirement savings. A 2021 report released by the Association of Superannuation Funds of Australia (ASFA) found that 90% of Australians who died aged over […]
The Pillars of Retirement Income While older Australians are reportedly among the wealthiest retirees in the world, much of their wealth is tied up in their family home, leaving many to worry about how they will find the money to pay for their day-to-day expenses when they stop work. This […]
SMSF – The next Gen While self-managed super funds have long been the preserve of older Australians with time on their hands and large superannuation balances, new data suggests that younger Australians are increasingly choosing to take direct control of their superannuation savings. According to the Self-managed Super Fund Quarterly […]
A different way to help the grandkids Many grandparents want to give their grandchildren a head start in life, and a common way to do so is to help by paying some (or all) of their school fees. This can, of course, simply be done by making a contribution at […]
Don’t ignore the third stage of retirement planning The Golden Years… a time of leisure, travel and more time with the grandchildren. This is likely what springs to mind when someone mentions the retirement phase of our lives. However, did you know that your retirement years are typically split into […]
The unmatched value of financial advisers in the AI age Digital advice is a hot topic at the moment, bringing with it the debate around human financial advisers potentially being replaced by ‘robo-advisers’. A client James, called into my office last week, explaining that his daughter was using an Artificial […]