LIFE Quarterly – October 2019
In this edition we take a look at how well you know Superannuation in Australia; delving into changes made to the fine print of legislation to bring you the 3 main points you should know to best manage your money.
How can you maximise your use of concessional contributions? Are you now exempt from the super contributions work test? As well as are all of your insurances in place following the ‘Protecting Your Super’ reforms?
We further look at the inter-generational wealth gap, how the wealth of the Baby Boomer generation has virtually doubled in the last decade, and provide some guidance for planning for distributions of this wealth.
Lastly, longevity is only a risk for some of us! This edition looks at the impact of poor health, specifically obesity, and how it can burden your cash and retirement funds.
LIFE Quarterly – June 2019
In this month’s issue of Prepare for Life, we look at Australia’s growing household debt. Contributing to this debt are options such as Afterpay or Zip money. It is a good idea to refer to your Budget plan before signing up to these payment plans, to ensure you
have enough money to pay for upcoming expenses such as bills, to
avoid any stress.
Are you thinking of borrowing to invest? We take a look at the options retirees have when choosing a loan and the things to consider. Before speaking with your lender, it is always best to discuss your options with your financial adviser to ensure your Pension is not affected.
Albert Einstein once said “Compound interest is the eighth wonder of the world” The article regarding Compound Interest compares whether saving small amounts for a long time is more
beneficial than compared to putting larger amounts aside later down the
Also, with so many insurance companies around, selling so many different types of insurance, it can be difficult figuring out the correct type and amount of insurance you require. The article provides some helpful ideas when applying for an insurance policy.
LIFE Quarterly – March 2019
In this month’s edition of Prepare for Life, we look at budgeting for the big anticipated bills that confront us all. We explore a new concept of paying forward our anticipated bills – this is basically saving into our bill accounts so when the actual bill arrives the funds are already there. This may work for some.
We are look at different type of risk associated with investing and the risk of people acting in their own worst interest. This type of risk can have very negative long term effects on peoples financial positions. It highlights that working with an adviser can assist in negating much of this risk.
Also, applying for the age pension, how to go about it and some tips to make the process easier and more beneficial. Well worth a read.
LIFE Quarterly – December 2018
In this month’s edition of Prepare for Life, as we get closer to Christmas our thoughts turn to shopping for the holidays and how to stay protected online. If we start early and allow enough time for our purchases to be delivered, a large percentage of our Christmas shopping will be done online. ACCC have issued guidelines to protect your rights and hard earned savings.
Do you know who gets your super following your passing? Despite misconceptions to the contrary, money held in superannuation may not automatically pass to your estate on death to be dealt with under your Will.
One of the attractions of superannuation is the fact that super funds are very favourably taxed.
We consider a few simple examples of where different advantages may come in to action.
LIFE Quarterly – September 2018
In this month’s issue of Prepare for Life, we look at whether Australians are having a personal debt crisis. Australians have amongst the highest personal debt in the world. We look at the ways to get out of debt and live a debt-free life.
Have you read the news today? It’s one thing to follow the news but another to act on it in a way that could backfire on you as an investor. If you are a long-term investor, how do you differentiate between signal and noise? We look at putting world events in a wider context to make sure you make the right decisions.
There are a variety of cards and concessions on offer to people over the age of 60 or 65. The different types available can cause a degree of confusion. Do you know which card is right for you?
LIFE Quarterly – June 2018
In the Winter Edition of Prepare for LIFE, we use a financial and estate planning perspective to look at how to prepare for you time of passing, as difficult as it may be. There can be steps taken to make sure that your family is not left in a vulnerable position when the day does come.
We also take a look at the Royal Commission and at the intangible value of financial advice. While the industry is going through hard times, it is important not to underestimate the importance pf professional financial advice and how it can transform lives.
What happens to your super after the end of a relationship? Relationship breakdowns have become a reality in this modern world and in this issue we look at the impact it has on your super.
LIFE Quarterly – March 2018
In this month’s edition of Prepare for Life, we discuss the risks associated with switching or consolidating super funds. There are benefits to consolidating accounts, but there are important matters that can be overlooked when switching. It can be more complicated than it seems.
Are you thinking of downsizing your home? New legislation was passed in November 2017 that allows you to contribute to your super following the sale of your main residence. We look at how these contributions are treated under taxation and who is eligible.
We cover the benefits and what you should consider if you’re downsizing.
LIFE Quarterly – December 2017
In this month’s edition of Prepare for Life, we look at using super to buy your first home. In its 2017 Federal Budget, the government announced its intention to introduce legislation that would allow first home buyers to access part of their super to purchase a home. The proposal is referred to as the First Home Super Saver (FHSS) scheme.
Contributions that may be withdrawn are limited to a maximum of $15,000 per annum, capped at a total of $30,000 plus associated earnings. This limit is ‘per person’. A couple may, therefore, have access to up to a combined $60,000 plus earnings.Withdrawals under the FHSS scheme cannot be made before 1 July 2018.
Is the FHSS scheme a good thing and are you elligible?
LIFE Quarterly – September 2017
In this month’s edition of Prepare for Life, we look at some of the key changes to Transition to Retirement (TTR), which apply from 1 July 2017. The general concessional (before-tax) contributions cap has been lowered from $35,000 to $25,000 and the fund earnings on assets financing a Transition to Retirement pension will no longer be exempt from earnings tax. The implication of these changes is very much dependent on your individual objectives, needs and financial goals.
The Great Australian Dream is a belief that, home-ownership can lead to a better life and is an expression of success and security. With Australian housing prices placing pressure on individuals due to affordability, it is important to assess your situation and discover what is an appropriate option as ‘bigger is not always better’.
What is your view of the use of facial analytics to determine ones biological ageing and individualised lifespan for the use by insurance underwriters?
LIFE Quarterly – June 2017
In this month’s edition of Prepare for Life, we recap on some of the key topics of this year’s Federal Budget, touching on bills that will see changes to the economy, housing affordability, tax, superannuation, education, aged care, social security and health.
It seems, in this day and age, with new technologies surrounding how we pay for things, we have lost accountability for our spending and sometimes living beyond our means. We look back at the old days, before the plastic card and smart phone, to a time when we were better able to manage our monies. If you would like to complete a new budget to help you better manage your funds, we will be happy to send this to you.
1 July is around the corner where we will see new legislation affecting contribution caps to superannuation, further limiting those of you who are building your retirement savings. If you have any questions about how you can best utilise your time to contribute before June 30, do not hesitate to give me a call for a friendly chat.
As always, if there is anything in this issue that you’d like to discuss in further detail please do not hesitate to contact us