Financial red flags when entering a new relationship In the exhilarating early days of a new personal relationship, it can be easy to overlook warning signs that you and your prospective partner may be financially incompatible. This may lead to future stress and legal risk. It’s not a question of always being […]
Income protection insurance: Is it still worth the premiums? Income protection insurance is a financial tool that’s essential for some people, ‘nice to have’ for others, and possibly quite unnecessary for a third group. In other words, there’s no one-size-fits-all answer to whether the premium cost justifies the risk. It depends on your circumstances, […]
Passive income in Australia: What actually works (and what doesn’t) What’s the first thing that springs to mind when you hear the term ‘passive income’? It may be creating an e-book, a blog or a YouTube channel, engaging in affiliate marketing or selling stock photos, but in fact, none of these is entirely passive. They all require […]
Financial planning for digital nomads and remote workers Conventional employees can usually plan for their financial future knowing that certain fundamental parameters will not change: their regular income, their Australian tax residency, their banking arrangements, their superannuation contributions and their insurance needs. But for digital nomads and remote workers, the picture is completely […]
5 ways to boost your Super with contributions before EOFY Looking to give your superannuation a boost before the end of the financial year? Look no further! Follow these five savvy strategies to maximise your contributions and make the most of your superannuation savings: 1) Consider additional Concessional Contributions (Pre-Tax […]
It’s not really a sacrifice If you are earning more than you need to live comfortably, salary sacrificing may be an attractive option to reduce your tax, boost your superannuation and prepare for a more comfortable retirement later on. Salary sacrificing simply involves having part of your salary paid into […]
Retirement Planning for Couples with an Age Gap: Practical Insights & Strategies (Part Two) When you meet the love of your life, it’s natural to imagine growing old together. But what many couples don’t consider are the practicalities of how that journey will unfold. For couples with a significant age […]
SMSFs: Are they worth the effort for average investors? The option of controlling your own financial destiny in retirement, by setting up a Self-Managed Super Fund (SMSF), appeals to many Australians. There are around 650,000 SMSFs operating in Australia, with over one million members and estimated assets of more than […]
How does Australia’s pension plan stack up? One in six people will be over 65 years old by 2050. With the world’s population ageing quickly, it is natural to think about how pension systems around the world will cope, particularly in Australia. Fortunately, Australia’s three-component retirement income system means our […]
Navigating the reality of divorce after 50 Adjusting to life after divorce, particularly later in life, is akin to navigating through some of life’s most challenging events, psychologists say. It’s a journey comparable to coping with loss, relocation, major illness or injury, or job loss. While these upheavals are often […]