Online source: Bank Rate 2016, http://bit.ly/1mReoIjProjects that don’t pay for themselves If you want to get the most out of your home renovation dollars at resale, stay away from the bathrooms. If you want to get back every dime you put into a professional renovation, think upkeep rather than expensive upgrades. No.1: Bathroom editions Adding […]
Avoid retirement mistakes For past generations, retirement planning was something of an after-thought, if considered at all. It was simply a case of paying off the family home, tucking away a few shares, bonds and some cash and relying on the safety net provided by the age pension to get by. But in the twenty-first […]
Online source: Workable Wealth, 7th October 2015.Teaching your kids how to be smart about personal finance can seem daunting, but children can understand the concepts of working for money, saving, and buying necessities from a young age. In fact, teaching your children about money as they grow up is a good way to put them […]
SMSF Insurance PlanOnline Source: CommInsure SMSF plan, September 2013Trustees have a legal obligation to consider holding insurance to provide cover for their members should serious illness or injury occur. Since 7 August 2012, trustees of self-managed super funds (SMSFs) must also consider and document the insurance needs of their members as a part of their […]
Protect your family’s future by thinking ahead…….Source: The NATSEM/Lifewise Underinsurance Report, National Centre for Social and Economic Modelling, Feb 2010. If you have a young family who relies on you, it’s important to ask how they’d cope if you were struck down by a sudden accident or illness. Without you and the financial security you provide, your […]
Tips and hints for paying off your home loan soonerAustralian household debt is now four times what is was 27 years ago, rising from $60,000 to $245,000 and a new report has found mortgages make up the lion’s share of this debt, at 56 per cent. The latest AMP.NATSEM report, Buy now pay later: Household debt […]
Don’t get caught offside when the pension rules change….The commencement of 2017 will see some significant changes to means testing for Social Security pensions (including the Age Pension).Uncertainty around income can be unsettling for those receiving a pension or considering retirement. That’s why it’s important to understand if and how you might be impacted by […]
A lifetime of costsOnline source: NATSEM Report, Income and Wealth Report. Issue 33, May 2013.To determine the cost of raising children from birth until they finally leave the family home, we have constructed three typical families. In these hypothetical but typical families, all the parents are of similar ages and each family has two children, two years […]
Being able to own property directly through an SMSF also has its appeal, as does the ability an SMSF gives you to move quickly and change your investments in response to changing markets. There are also good estate-planning opportunities, which can give trustees a greater level of certainty over who their super will go to when […]
