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Low interest: Australia’s $1 trillion cash pool
January 28, 2021
The Reserve Bank's decision this month to cut the official interest rate to a record low 0.1 per cent was another wake-up call for Australians heavily reliant on income from savings, especially many retirees. A look at the latest domestic monthly banking statistics shows that at the end of October Australian households collectively had $1.1...Read More
Aussie parents have coughed up more than $26 million to help their adult kids since COVID-19 hit our shores – and one in five is at financial risk from doing so. Parents helping their adult kids financially isn’t an unfamiliar concept in this country, but figures reveal mums and dads have forked out approximately $26.8...Read More
Investing basics for first timers
January 11, 2021
The students of 2020 are graduating to the adult world in one of the most uncertain times in recent history amid recession, pandemic and global political tensions. The prospect of working, saving and investing is a daunting prospect – and the hope of home ownership must seem an eternity away. In times like these, knowing...Read More
Five common mistakes running an SMSF
January 11, 2021
There are a lot of rules and regulations when it comes to superannuation and running an SMSF. Here are some commonly made mistakes and how they can be avoided. 1. Don’t use your SMSF money for personal reasons A major mistake often made with SMSFs is for members to use their retirement savings for personal...Read More
The difference advice makes being proven right now
December 14, 2020
People often make unwise or hasty decisions when they’re under stress. And a growing number of Australian households have found themselves under stress, both financially and non-financially, during the COVID-19 pandemic. It’s at these times the value of professional advice really comes to the fore. CoreData recently published a white paper, The post-pandemic advice landscape....Read More
What could a low-yield environment mean for returns?
December 14, 2020
In a year where the global economy entered into its deepest crisis since the Great Depression, stock markets have demonstrated remarkable resilience, and investors who held firm or added to their portfolios though the initial crash have generally been rewarded for their confidence. The median balanced growth super fund returned 7.3% p.a. over the past...Read More
Develop an investing plan
December 7, 2020Financial Planning, Wealth Creation
Your game plan 'Plan your life, live your plan.' Yes, it's a cliché. But when it comes to investing your money, it makes a lot of sense to have a plan. Putting a plan together involves developing strategies and choosing the right investments. What to do before you make an investment plan Be clear about...Read More
What Is A Reverse Mortgage?
December 7, 2020
A way for retirees to unlock the equity in their homes. The reverse mortgage or equity release loan is a relatively new mortgage product that has been created for retirees who are asset-rich but cash-poor. Reverse mortgage or equity release loan – what is it? If you’re a retiree, a reverse mortgage or equity release...Read More
If, like Ben Paul, you’ve recently started a new business, you’ll be hungry for sales. But have you created a practical sales and marketing strategy to help get the ball rolling? If you’re in the process of starting a business, or still in the planning phase, there’s plenty to do beyond writing a business plan....Read More
How much can home care cost
November 30, 2020Aged Care
Key points: If you have been allocated a Home Care Package, the Government will subsidy the cost of home care services for you The rates are usually adjusted in March and September with the age pension You cannot receive Government funding for any home care services that are provided by a private organisation No matter...Read More