Separation Planning: An adviser’s perspective Few client meetings have been as challenging. After years of being happily married, Sarah and her husband decided to separate, and the story of her acrimonious divorce was certainly distressing. It started with a chance meeting, where in passing, Sarah mentioned the divorce. She assured
The importance of financial literacy for young adults Facing complex financial decisions, often without adequate knowledge, can be challenging for anyone, but particularly for young people. A recent government study found that 49% of 18-25 year olds lacked the confidence to make financial decisions, while 94% aged 14-17 believed that
Stop Resting on Your (High Income Earner) Laurels Achieving a high income is a significant accomplishment. You’ve put in the hard yards, climbed the ladder, and now you’re pulling in the big bucks! But don’t be mistaken; a high income does not automatically equate to financial security. Just because the
Don’t lose your home! Alternative ways to pay for aged care Anyone who has helped an elderly relative make the move into aged care knows that it can be a traumatic experience. It involves a move from the familiar – a home that a loved one may have lived in
Financial planning – more than just advice Financial planners are often the first port of call for people seeking advice on investing a lump sum of money. But that is just the tip of the iceberg. A professional financial adviser has the knowledge and skills to help you achieve your
When Life Changes, So Should Your Financial Goals Marcus and Fleur, both in their 40s, led active, healthy lives with two teenage kids. Their financial plan was straightforward: work hard until their mid-50s, then retire at 60 and travel the world. They worked with a financial adviser, balancing their careers
What to do if you aren’t a financially compatible couple? According to the Australian Bureau of Statistics (ABS), in 2023 there were 118,439 marriages. Sadly in the same year there were 48,700 divorces, with financial issues cited as one of the major reasons for marriage breakdown. For couples deciding to
Investing for income Share markets are renowned for taking unexpected downturns and while history shows that markets eventually recover, this rebound in value can occasionally take time. Investors concerned about this risk might consider a stronger focus on income-generating investments. These can range from those that have no potential to
How to start investing with just $500 When you have a spare $500 and are wondering whether to spend it or save it, why not consider a third option? Invest it. Make a commitment to your financial future, instead of wasting it on purchases that will deliver only temporary pleasure.