Buying a home and paying off any mortgage is a key objective in building financial independence. But your home is not an investment, it’s a lifestyle asset.READ MORE
Last year the Federal Government announced a range of initiatives to tackle the issue of housing affordability. One of the big incentives laid out for Baby Boomers to sell the family home was the ability to make a significant one-off deposit into superannuation from the proceeds of sale.READ MORE
When Will Bank Depositors Get a Pay Rise? Interest rates are starting to rise around the world so retirees with money in the bank will be wondering when they can expect a rate rise on their savings accounts and term deposits to give them more income to live on. Short term interest rates are set…READ MORE
We all want the best for our kids. But with many adult children living at home longer, the cost for parents often impacts retirement savings. If you’re in this situation, there are some strategies you can put into place.READ MORE
Accountants and financial planners are not the same. The question most people ask, is do I need both?
The key difference between the two is this: An accountant looks backwards, while a Financial Planner looks forwards.
The incentive to work hard, save efficiently and become a self-funded retiree is being seriously eroded by both sides of politics. The Liberals lead by Treasurer and former Social Services Minister Scott Morrison decreed retirees must earn 7.8 per cent income on their investments.READ MORE
Aged Care: Will you need it, how much will it cost, and how will you fund it in retirement? While we hope for independence, good health and a comfortable lifestyle in our latter years, it’s entirely possible that these dreams can come to abrupt and devastating halt if an illness strike, and you end up needing the help of carers. This is something you need to consider and plan for.READ MORE
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