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Income Protection: Indemnity and agreed value

One important factor when considering the establishment of an Income Protection insurance policy is the benefit type. In this article, we discuss the difference between indemnity and agreed value.

Future self-continuity: Preparing for the future

When considering your personal finances, is there a battle between your present and future self? In this article, we look at the importance of aligning your present self with your future self.

1 July 2017 – New financial year, new rules

The new financial year has ushered in many legislative changes when it comes to personal finances. These are most noticeable in superannuation, but also impact other areas. Read more about these changes and how they may affect you.

Income protection: Supplementary provisions

There are many benefits to holding Income Protection insurance. In this article, we discuss several supplementary provisions held within some Income Protection insurance policies that have a focus on enhanced coverage.

Diversification fundamentals in portfolio construction

You’ve probably heard the saying, “Don’t put all of your eggs in the one basket”, but what does it mean? In this article, we explore the importance of diversification when it comes to portfolio construction.

EOFY planning: Tax and superannuation strategies

The end of financial year is close. In this article, we look at end of financial year planning strategies that may be worth considering, when it comes to tax and superannuation.

Aged care services: Home care packages

If you or a loved one requires higher-level aged care services, but would still like to reside at home then a Home Care Package may be an option to consider. In this article, we take a closer look at how this service works.

Considerations for becoming a loan guarantor

The domestic housing market has received considerable attention over the last 12 months due to concerns around housing affordability, especially for new entrants. In this article, we discuss things to consider before becoming a guarantor on a loan for a family member.

Financial mindsets of the super wealthy

Whilst on the path to financial freedom, occasionally it can be helpful to gain perspective along the way, by considering and then reflecting on the financial attitudes and behaviours of others. In this article, we look at several of the interesting findings from the 2017 Wealth Report.

2017 Budget: Fairness, opportunity and security

The 2017-18 Federal Budget delivered on the 9 May 2017 was packed with several already anticipated moves, whilst also delivering a few surprises. In this article, we provide a summary of the main announcements that may affect you.

Small business CGT concessions

If you are considering selling a small business or the assets it uses, you may be eligible for a range of CGT concessions to help reduce the capital gains tax associated with the sale. We discuss the several concessions that may be available to you.

Aged care services: Commonwealth home support programme

For the majority of people, being able to live independently in your home as you age is what you want, but the reality is that sometimes you may need some help. In this article, we focus on the Commonwealth Home Support Programme.

Exploring goals-based investing

The foundation of goals-based investing lies in ensuring that there is alignment between your financial goals and objectives, tolerance for risk and the way your investment portfolio is ultimately invested. We explore this in a little more detail.

Electricity bills: Time to get wired

It is probably safe to say that at some point in your life you have opened your electricity bill and have been a little surprised with the total amount due – and, not in a good way. We charter our way through the ‘household-electricity-sphere’ to help you become a little more energy-savvy in the future.

Capturing the super cap limit deadline

The annual concessional and non-concessional contribution cap limits (and the maximum bring- forward rule) will decrease from 1 July 2017. We explore the opportunities to maximise your super contributions now and into the future.

The pitfalls of DIY Will kits

According to recent research, approximately 45% of Australians pass away without a will, or intestate. We explore why DIY will’s may not be the solution to your estate planning needs.

Interest rate predictions in 2017

A belief held by many economists is that there is at least one more interest rate cut expected from the Reserve Bank of Australia this year should employment, wages growth, and household spending continue to remain sluggish. We examine interest rate predictions and what they may mean for you.

Medicare & private health insurance

The ongoing debate about private health insurance appears to be a constant one among Australians, especially when premium increases each year come to the forefront. We look at several reasons to consider retaining or taking out private health insurance. 

Trauma: Exploring beyond the big four

When considering the potential for a future claim on our Trauma insurance, we often think about the big four traumatic medical events e.g. heart attack, stroke, cancer and coronary artery bypass. It is important to remember that contemporary trauma insurance policies now also provide greater protection with the provision of a much larger range of specified medical events.

SMART Budgeting

For many of us that make resolutions, during or at the end of the year, we often unfortunately set ourselves up to fail. This may be due to a combination of factors such as unrealistic expectations, ill-defined goals and objectives, poor time management skills, the wrong mindset or simply just getting distracted with life. Find out about the SMART principle and its application to budgeting.

Update: Superannuation reform package

The dust has now settled, and several new tax and superannuation bills have been formally passed through the House of Representatives and Senate corresponding to the Government’s ‘Superannuation Reform Package’ announced back in the 2016 Federal Budget. The majority of the Government’s proposed changes have made it through parliament.

A 'Living' Will: Advanced care directives

We generally expect that our wishes for medical treatment will be respected, but what happens when we are not able to make decisions, due to an accident, sudden illness, or a progressive disease.  Having an advanced care directive is a way to ensure that our preferences for medical treatment are considered at a time when we may be unable to express them. 

TPD claim definitions explored

For many of us Total and Permanent Disablement cover forms a component of our overall personal insurance plan; in the event of a disabling sickness or injury it has been designed to help to take the financial stress off the table at a time when our world has been turned upside-down. In this article, we explore the types of claim definitions available and their respective differences.

The three-bucket approach to retirement investing

When devising a retirement plan, there are several different strategies that a financial adviser can employ to make sure that you have enough to meet your retirement lifestyle needs. This may or may not include relying in part or in whole on other sources of income such as the Age Pension at some stage. We’ll focus on one such strategy – the ‘bucket’ approach.

Taking care of your castle

Wealth accumulation can be as simple as putting aside money each week into a high-interest savings account, paying down your debts, or building a diversified investment portfolio inside or outside of superannuation. Does the family home also come into mind when considering your personal wealth?

The sharing economy and pre-retirees

According to recent data, there has been an increase in the number of pre-retirees – 55-64 year olds, participating in the sharing economy (such as Uber, Airbnb and Gumtree) in an attempt to boost their wealth and income.

Helpful tips in detecting pyramid schemes

Have you ever sat around the dinner table with a friend or family member or attended an ‘investment’ conference or seminar and repeatedly heard someone say, “Now, this is not a pyramid scheme”? Pyramid schemes are illegal schemes under Australian Consumer Law.

Sports betting & gambling can really hurt you

There’s been recent cover in the news on how we are becoming increasingly exposed to gambling, due in part to the many options now available to us online. Being more informed can help you gain a better understanding of how gambling can impact you and your family.

Multiple super accounts and you

Regardless of your age, one of the ways to help you grow your wealth and prepare for retirement is to take an active interest in your super sooner rather than later. A good place to start is with some simple housekeeping. If you have multiple super accounts weigh up the pros and cons and consider the impact this may have on your end ‘retirement nest egg’. 

A family who talks about money

In our busy lives, talking about money matters with our family may prove to be a daunting and sometimes emotional subject, especially around the dinner table. However, avoiding these often difficult conversations may have several drawbacks in the future.

REITS - What are they and how do they work?

When most people think about investing in property they tend to think about residential homes or commercial properties such as shops, offices or industrial buildings. But there is another way to invest in property through listed property securities often referred to as Real Estate Investment Trusts or REITS. What are REITS and how do they work?

Why are interest rates so low?

The official cash rate in Australia now sits at a record low 1.5 per cent. The Reserve Bank of Australia cut the official cash rate in August for the second time in 2016. So why do interest rates move up and down all the time? 

7 things to consider before you renovate

Are you planning a renovation? Renovating a property is more than just a pure financial decision. It can have significant implications not only for your cash flow, but also for your lifestyle. So before you get going, take stock and make sure you’ve considered everything.

Making sense of your super statement

It’s that time of year again, it won’t be long now before your annual superannuation statements will arrive (if they haven’t already). Superannuation can be full of confusing terms. Deciphering the jargon can be a challenge. We explore some common terms to help you.

Your guide to becoming a Philanthropist

There is a common misconception that in order to give you need to be wealthy, and that the only thing you can give is money. But the truth is that there are many different financial and non-financial ways that you can give to others. See how you can bring philanthropy into your life and make a real difference.

Will you be affected by changes to the Age Pension?

The proposed changes to the Centrelink Age Pension announced in last years’ federal budget are now law, and will take effect from 1 January 2017. Two significant changes will be imposed, these may be good and bad news for Age Pensioners. It’s important to review these changes and understand how they may impact your or your family member’s entitlement.

5 resolutions for a new financial year

A new financial year, just like a new calendar year is a great time to set new goals and make resolutions. For many people, setting resolutions is the easy part, but sticking to them can be quite difficult - some tricks on setting resolutions you can actually achieve.

The hunt for yield - investing in a low return environment

In the current environment many investors are seeking additional sources of return for their portfolios, but with slower economic growth and low interest rates this can be difficult to find and can often lead to investing in higher risk strategies.

How to get financially sorted after a breakup

Breaking up is hard to do! Particularly when it comes to getting back in control of your finances. We outline some important steps that you’ll need to take following divorce or separation.

Your guide to utilising super contributions

This year's Federal Budget included an array of changes to superannuation, for many people, this has created a window of opportunity to utilise super contributions prior to 1 July 2017. Here's what you need to know.

Hopping on the investment bandwagon

If the majority of a group is doing a certain thing, it becomes increasingly difficult not to follow the group. This pressure can affect many different aspects of behaviour, even decisions we make with our money. Understanding these biases can assist you in making better decisions.

Your consumer rights - do you understand what they are?

Australians buy goods and services almost every day, but how many of us really understand what we’re covered for when it comes to making a purchase? It might surprise you, save you money and unnecessary headaches.

Give your insurance a 5 point check

Insurance is one of those things many of us set-and-forget, but a quick review of your insurance policies at least once a year is a worthwhile exercise that can help save costs and ensure peace of mind. So where do you start?

10 ways to protect yourself against identity theft

Identity theft cost Australians in excess of $1.6 billion last year. In this article, we explore ways to protect your personal information and reduce the risks of falling victim to this serious crime.

2016 Federal Budget Overview - How it affects your family and your wallet.

The 2016 Federal Budget may impact you more than you think, mainly because your tax dollars go towards making it happen, but also because changes were announced that affect nearly every Australian.

6 Ways to Support Ageing Parents

There are many different ways to assist ageing parents in better managing their financial affairs and even small things can make a difference. We provide you with some useful tips to help you through this process.

Surviving a critical illness or trauma

With early diagnosis and advancements in medical treatment, the chance of surviving serious illnesses such as heart attack, stroke or cancer is much higher than in years gone by. However the process of recovery can be emotionally and financially draining. So how do we protect ourselves?

Get a head start - 5 things you can do now to plan for financial year end

Tax time can be a breeze for some and a nightmare for others. As we are just a few months away from the end of financial year, now is the perfect time to organise your financial affairs with our end of financial year planning tips!

Understanding Investment Styles

Different portfolio managers have different styles when it comes to how they invest. This article takes a closer look at active and indexed investing styles and the philosophies that guide them. Do you know the difference?

Taking a break? Don't forget your super.

People often take a break from work to manage changes in their lives. When this happens, they’re also taking a break from receiving super contributions, which may affect their retirement savings. But there are things you can do to help manage this gap.

Changes to the Personal Asset Rules for SMSFs

New changes to the Personal Asset rules for SMSFs will affect which assets count as investments and how they are to be treated if held by the SMSF. Review the changes to ensure you are across this before 1 July.

Back to School: Teaching Gen Y About Money

If you have a Gen Y in your family, you may have noticed that their attitude to money is different to yours. Here are some things you can do to help your Gen Y stay on track financially. 

Love Me, Love Me Not: Financial Considerations for Moving in Together

Moving in with a partner can be an exciting time, but don’t just jump in. Take the time to think upfront about the financial practicalities and what it could mean if things don’t go according to plan. This might apply to you or a loved one.

Making Your Estate Plan Count

Do you have a robust estate plan and is it up to date?  There are important things to consider as you go through the process of developing or reviewing your estate plan. These can make a big difference to your dependants and loved ones.

Mind Games: What's Your Bias?

You may have heard about investor bias, but do you know how it affects you? Have a look at these common investor biases and see how they may influence your financial decisions. Even having awareness of them can help. 

Energy Efficiency: Saving over Summer

Making your home more energy efficient is a good way to save on bills and reduce environmental impact. Read more about what you can do here. 

New Year, New Direction

The New Year is here! Perhaps you are considering some changes this year – a new job, business venture, study or even a sea change?  See our four steps to help you make it happen. 

Personal Insurance – what does it all mean?

Personal insurance plans include a range of different kinds of cover to protect you and your family’s lifestyle in case of an unexpected change to your health. Make sure you know what the terms mean for you. 

Top 10 Financial To-Dos

It’s nearly time to sign off from work and start the holidays. Give yourself a stress-free vacation knowing that your finances are taken care of by ticking off these financial ‘to-dos’. 

Holiday Finances – Six Ways to Help You Save

The holidays are nearly here! Maybe you’re planning a getaway? Make sure you get the most out of your budget too - here are some ideas to help you out at this time of year.

Don’t take a gamble: put a plan in place.

With so many decisions to make in life, we often forget to plan. But certain events are too important to gamble with - have you planned for the things that matter? 

Retirement living - more than meets the eye.

These days there are many different ways people can change their living situation as they get older.  Are you thinking about your next move? Explore the different options that might be suitable to you.

How does your credit rate?

Do you know what your credit score is? Have you seen your credit report? Get informed about your credit history and find out how it affects your access to financial services. A lot more affects your credit score than you might think.

Thinking of investing in property?

Spring property season is here and many investors are on the hunt. Perhaps you are considering whether investing in property is the appropriate choice for you? Here are some things you might like to consider first. 

5 Things to Remember during Volatile Markets

The investment markets are volatile once again. So what should investors do? It can be difficult to sit tight during turbulent times, but it’s important to maintain a balanced perspective. Perhaps these reminders can help. 

The Money Needed for a Comfortable Retirement

We are living longer than we ever had before and the expectation is our life expectancy will keep increasing. So what income will we need in retirement, it ultimately depends on our desired lifestyle. Here are the numbers…

5 Important Things to Understand on your Super Statement

You might have already received your superannuation statement, if not it will arrive shortly. It is a great time to review the important aspects of your statement and what they mean to you. Here are 5 things we believe it is important to understand.

Smart Things To Do With Your Tax Refund

Have you spent your tax refund yet or are you planning to? There can be a number of worthwhile options when it comes to spending or investing your tax refund. You might utilise a couple of different ideas. We explore a few.

We Are What We Repeatedly Do

We all have a bad habit or two, whether financial or otherwise. This article shares the top tips for how to create a new habit or change an existing one. You might find it is simpler than you thought.

Parents Returning to Work

There are many things to consider when returning to work after caring for young ones. There are both financial and non-financial considerations. This article explores the important things that need to be considered.

Credit balance transfers - should you stay or should you go?

Credit Card balance transfers can be a little tricky, however they can be beneficial. It is wise to compare apples with apples and be clear on honeymoon interest rates, fees and repayment terms. Find out what the benefits are and what to watch out for.

The Cost of Insurances – Stepped Vs. Level Premiums

In this article we explain that when taking out personal insurances you have the choice of how the premium cost is structured and how much you will pay for your insurance cover over the life time of your policy.

What You Need to Know About Salary Sacrifice

You may have heard of the term salary sacrifice before but are not sure what it means or how it works? In this article we take a look at salary sacrifice in more detail as it relates to superannuation.

Are you prepared for a financial rainy day?

When the unexpected happens and unplanned financial expenses occur do you have the funds at call ready to cover them or are you someone who uses credit to bail yourself out?

The Risks Facing Retirees

When it comes to retiring, there are a number of risks that retirees face that are specific to the retirement life stage. This article explores the most common risks retirees face and how to prepare for and manage them.

Trauma Insurance & The Big 4

Trauma Insurance was first introduced in 1983. What’s the purpose and why is it needed?

Four Ways to Boost Your Spouse’s Super

Is your superannuation balance bigger than your spouse’s? In this article we explore 4 common ways you can boost your spouse’s super balance.

‘Bob The Builder’ Budget – What’s in it for you?

The 2015 Federal Budget was relatively tame, with a big focus on creating jobs and stimulating economic growth. Our article looks at what’s in it for you. From the changes for the young and unemployed, for families, business owners, to the over 50's and the already retired.

Retirement is not for me!

While most of us can’t wait to finish work and retire an increasing number of Australians are also opting to maintain an active lifestyle and career into their 70’s and beyond. Why are people choosing to delay retirement?

Investment, Super or Mortgage - which may be appropriate?

Knowing just what to do with surplus cash can be difficult. How do you figure out whether it’s better to invest in your own name, pay down your mortgage or put more in your super fund?

Tax time basics – time to get sorted pre 30 June!

The end of another financial year is fast approaching and now is a great time to think about the ways you can build and protect your wealth. Here are some great ideas in the lead up to 30 June.

The secrets to a healthy work / life balance

Due to technology and social media, the boundaries are blurring between work and home and it?s becoming hard to separate work and non-work. What are the secrets to a healthy work / life balance?

What are you leaving behind – An inheritance or a legacy?

Are you leaving an inheritance or a legacy? What’s the difference? We explain in this article.

5 Reasons Why You Need to Review Your Personal Insurances

It certainly isn’t recommended to make changes for change sake, but your Life insurance should not be established with a “set and forget” mentality. We take a look at 5 reasons why you may need to review your personal insurances.

Who sets the price? Tips for working out the value of your home when selling.

How do you work out the value of your home when you want to put it on the market? Do you leave it up to the real estate agent to tell you what they think it’s worth, or should you set the price? 

10 Tips for Teaching Children about Money

From a young age children are exposed to the concept of money and what they are taught about earning, spending and saving money can influence their adult relationships with money and whether they?ll have a successful financial future.

Receiving a Redundancy?

The restructure of a business may lead to a reduction in staff numbers with certain positions being made redundant. Most people whose position is made redundant find it a very difficult time to deal with.

The real cost of raising kids

Parents want lots of things for their children. They have dreams for them from the moment they are born. We explore the financial cost of a happy life, a good education and plenty of opportunities for your kids.

Five things every early retiree needs to know!

If an early retirement is something you aspire to, here are five things you need to know.

How to Go Broke, Fast!

If you’re looking to go broke then here are a few tried and tested money mistakes that people make and which can put you on the road to financial distress, fast! If you don’t want to go broke, avoid these.

Take Control of Your Super

For most Australians, superannuation represents their largest single investment after buying their own home. The more you know about your super and the more control you have over it, the greater your chance of reaching your retirement income goals.

Don’t get caught out by Cyber Criminals

According to the 2013 Norton Cyber-crime report, around 5.4 million people in Australia were targeted by online criminals in the last 12 months at an estimated cost of $1.65 billion. Worldwide, around 556 million people were affected by cyber-crime at a cost of around $113 billion!

A simple guide to Superannuation anti-detriment payments

You may be aware that in the event that you are to pass away, your superannuation benefits will not automatically form part of your estate assets. Instead, superannuation death benefits are normally distributed via a beneficiary nomination.

Divorce and the Split of Assets

When a marriage, or a de-facto relationship breaks down, the task of separating finances can be very difficult and stressful. This article looks into the financial implications of divorce with regards to asset splitting.

Tips for reducing your home loan using an offset account.

What if you could reduce the interest on your home loan without making extra repayments on the loan? An offset account may enable you to do just that.

The Art of Giving

The Christmas season - a time for giving, is fast approaching. Donating to charity is a wonderful way to support the wider community and those in need. This article takes a look at the ins and outs of donating to charity.

Are you due a $500 Super Refund?

If you’re earning less than $37,000pa and you or your employer make concessional (before-tax) contributions to your superannuation fund then you may be eligible for a refund of up to $500pa. Our article explains how.

How to nail a renovation - tips for planning and budgeting for a renovation

The benefits of a well-planned and executed home renovation are both financial and personal. Whilst renovating can be very exciting, it can also be quite stressful if not managed or budgeted properly. Here are our top tips to for planning a renovation:

The Most Common Mistakes Retirees Make

Given the complexities of retiring, even with a plan, you can sometimes make mistakes.

But the good news is that we can learn from some of the more common mistakes that retirees make, in the hope that we may be able to avoid making them ourselves.

Understanding the Superannuation Bring Forward Rule

There are a few rules and limits with Non-Concessional Super Contributions. We explore the age-based contribution limits and the Bring Forward Rule and how they might apply to your situation.

Ownership - Joint Tenants Vs Tenants in Common

There are fundamental differences between Joint Tenants VS Tenants in Common, we review the importance of getting it right when purchasing assets with other people.

Is Cash No Longer King?

This month we highlight the concept of 'real rate of return' and its importance when investing, particularly in low interest rate and high inflation environments.

It’s Never Too Early or Too Late To Save For Retirement

It’s never too early or too late to start planning for your retirement. We investigate what an average retirement income looks like and how much you might need to save in order to live a comfortable retirement.

Investing in Commercial Property

Investing in commercial property can be via direct investment or through a more diversified approach such as property syndicates or Australian Real Estate Investment Trusts (A-REITs). This article discusses the benefits and risks of commercial property investing.

What is that cup of coffee really costing you?

For many people picking up a coffee on the way to work is as routine as brushing their teeth. But do you know what your coffee habit is really costing you?

The Role Of An Executor

Do you know if you are an Executor of somebody’s will? Before appointing an Executor in your Will, or agreeing to be an Executor of someone else’s estate, it is important that you understand the implications of this decision and the roles and responsibilities that come with the title of Executor.

Franking Credits – An IOU From The Tax Office

In this article we explore the concept of imputation credits, also known as franking credits and how they can benefit Australian investors.

What Does Money Mean To You?

Money is often referred to as wealth and people measure wealth in different ways. Some think of wealth as being their total assets, whilst others use their annual salary and some their hourly wage. But what exactly is money and what does it represent to you?

Jargon Buster – Federal Budget Edition

You don’t need to be an economic whiz to understand the Federal Budget, just take a quick look at our “Jargon Buster – Federal Budget Edition” for explanation of key terminology used by politicians, economists and the media when talking about the budget.

Australian Federal Budget 2014

The Treasurer Joe Hockey announced the toughest Federal Budget since 1996 with the tightening of the nation’s belt and a focus on cost cutting to lower the nation’s $49.9 billion deficit. The budget measures announced propose a reduction in the deficit next year to $29.8 billion and a gradual decrease over the next 3 years following to an estimated $2.8 billion in 2017/18.

Stop Horsing around - Tax Time Tips

As it has been said, there are two certainties in life – Death and Taxes. Death can be a little out of our control, however taxes can be something that we can proactively make a difference with. Kerry Packer was clear on tax minimisation...

The Australian Federal Budget Explained

The Australia Federal Budget is a hot topic at the moment and this article is a timely discussion explaining why the Australian Government has a federal budget, what it is designed to do and how it is implemented.

Know your limits - changes to super contribution caps

From 1 July 2014, the non-concessional (after-tax) and concessional contributions limits will increase as a result of indexation in line with average wages (AWOTE). Find out more here.

Super for the Self Employed

Self Employed with no super. For 25% of self-employed Australian’s this is the reality they are currently facing. Just because super isn’t compulsory for the self-employed doesn’t mean it shouldn’t be a priority. Our article explains why.

Another reason to pay your bills on time!

Recent changes to the Privacy Act have changed what information is recorded in our credit reports. Failure to pay our bills on time could now have significant consequences on our ability to secure finance in the future.

Children and Pocket Money

The decision on whether to give children pocket money, at what age, and how much will largely depend on your family values and financial position. What benefit does a little pocket money have in teaching children how to manage money?

The importance of a Comprehensive Estate Plan

We may not like to think about it – but when it comes to our death, it pays to plan ahead. Here are some steps you can take to reduce the financial stress that result from poor estate planning.

Australia's Underinsurance Dilemma

Did you know 83% of Australians say they have insurance for their car yet only 31% insure their income? In this article we explore the relative misunderstanding of the importance of personal insurance and the risk underinsurance creates for Australians.

Understanding Movements in the Australian Dollar

This article explains in brief some of the key concepts relating to currency, currency risk and what changes to currency means for investors in international funds.

The Rule of 72

Did you know that there’s a simple way to work out how long it will take you to double your money? You might not even need a calculator!

Does a New Year Resolution set you up to fail?

Did you know that 88% of New Year’s resolutions don’t stick? Understanding why we so often fail at sticking to our New Year’s resolutions helps us construct a plan that will actually increase our chances of sticking with these resolutions.

Making a Transition to Retirement

These days many people are choosing to make a more gradual transition from full-time work to retirement. This article explores the various ways a Transition to Retirement Strategy could benefit you if you are nearing retirement.

The Basics of Self Managed Super Funds

It seems almost every second day the financial media is discussing Self Managed Superannuation Funds (SMSFs). Over the past decade SMSFs have become very popular, although they are not necessarily well understood. So, what is a Self Managed Superannuation Fund, and what makes them different from a “standard” superannuation account?

When Age 65 is Too Young to Retire

Turning age 65 may signal retirement for many, but age is just one of many triggers that may indicate that you are ready to retire. In this article we look at three main considerations for timely retirement.

Tips for Reducing Food Waste and Saving Money

According to a recent survey and campaign by Foodwise, it is estimated that Australian Households throw out approximately $7.8billion worth of edible food each year.

Concessions - Helping out Senior Australians

There is a range of concessions available to Senior Australians. The type of concessions that apply will largely depend on your age, location and whether you're eligible for a pension from Centrelink, Department of Veterans Affairs (DVA) or are considered to be a self-funded retiree.

Accessing Super

Understanding just when you are entitled to access your superannuation benefits can be confusing. Superannuation is designed to help you fund your retirement; therefore there are specific rules...

Debt Management Basics

In this article we look at ways of managing debt.

Interest Rates

In this article we look at the role of the RBA and the different types of interest applied to loans as they reach each of us as consumers.

Tax Time Checklist

With the end of the financial year having just passed, it means it's now time to get ready to lodge your 2012/13 tax return!

This article provides our top tips to help you prepare and get the most from your 2012/13 tax return.

Aged Care Reform

When we were children, our parents spent a good deal of time taking care of us – and reminded some of us that one day, we would return the favour.

EOFY Planning

If you feel like you’ve run out of time to get your affairs in order, the good news is there’s a few considerations which can help minimise your tax, and make the most of the money you earn.

The 2013 Federal Budget

This year’s Federal Budget has been quoted as the Treasuer’s Swan Song. This article will briefly review the main points within the Budget.

From Proposal to Law

This article takes a brief look into what is actually involved in the Federal Parliamentary Process and the steps that need to be taken to make a proposal into law.

Proposed Super Changes

If you've been following the news over the past month, then you may have noticed the increased discussion taking place about proposed changes to the superannuation system announced by the Labor Government in April 2013.

What to do with your surplus income?

If your budget points to there being surplus income left over each pay, it helps to have a plan for these savings.

Where are Your Investments inside Super?

If you currently or previously have had a share portfolio or an investment property outside of super, you would usually be interested in how the investment is going. So where is your Super invested?

Children's Trauma Insurance

Children’s Trauma insurance provides a lump sum payment for a parent whose child suffers a major health trauma.

Who is the Beneficiary of your Super Fund?

Importantly, superannuation differs from most other investments as it is not distributed via your Will when you die. Instead, you nominate your desired beneficiary for your superannuation through your fund.

How to keep your holiday spending in check

Christmas is a time of giving and it’s very easy to overspend. Here are our tips to help reduce the new year debt headache or Christmas hangover!

Picking a Credit Card

In an age where the average person carries multiple credit cards, it still pays to pick the right ones.

Changes to First Home Owners Grant

As of the 30th September 2012 the first home owner grant for established properties will end. This will be replaced by the New Homes Scheme from 1 October 2012.

Financial assistance for parents

Becoming a parent leads to a range of new financial commitments and challenges. Spending patterns will change, as will your financial objectives.

Age Pension

The Age Pension is a Government financial benefit paid to Australian residents upon reaching a certain age, ranging from 60 years and up.

Don't get scammed when throwing away old computers

These days an unprecedented amount of personal information is stored on computers. Canny scammers readily look for ways to grab this information for their personal advantage.

Repayments on your Credit Card - Changes to the way they are treated

As of 1 July 2012, the new credit card reforms can potentially help you make reasonable savings and enable you to clear your debt faster.

Savings Tips

If things are a bit tight you may be able to spend less without making too many radical changes to your standard of living.

Making small changes can make a significant difference over the longer term.

Tax Planning

With the end of the financial year approaching, it’s worth revisiting whether there is anything else you can do to proactively minimise your tax liabilities.

The 2012 Robin Hood Federal Budget

If you missed the Budget, we have a summary for you, it has been described as taking from the rich and giving to the poor.

Pro's and Con's of Reverse Mortgages

One way to fund lifestyle costs in retirement is to use the equity in your own home. Reverse Mortgages enable the homeowner to release equity from their home while still residing in the property. Like most things, there are pro’s and con’s to using a Reverse Mortgage.

Income Protection

The biggest asset for most people under the age of say 55 is their ability to earn an income. It’s easy to take this income-earning ability for granted especially when we are feeling reasonably fit and well.

So how does a Line of Credit loan work?

A Line of Credit Loan (LOC) allows you to have both a loan account and a bank account. Sometimes this bank account is called an Offset account.

Investing in volatile markets

Higher volatility in financial markets is being touted as the 'new norm'. During choppy times in financial markets, investors are prone to making investment decisions based on fear.

When may be an appropriate time to invest?

One way to ride out the financial market volatility is Dollar Cost Averaging. This is a simple investment strategy that takes the guesswork out of the 'right' time to invest.

A different way to give at Christmas

Have you ever thought of this approach to Christmas gift giving?

Pro's and Con's of Interest Free Loans

Consumer finance is a great tool for retailers to make expensive items affordable to customers and an ideal way for customers to purchase goods that may have otherwise been out of reach due to low savings.

Compounding beyond interest

For some, it may seem trivial to review the nature of compounding, but it’s such a powerful tool for any investor that it warrants a review in this article.

Six practical steps to financial discipline

Here’s six things you can do to sharpen up your financial discipline. With 78% of Australians saying they are financially disorganised it makes sense to create a quick and practical way to inspire financial discipline.

Can having a baby be one of the best investments you make?

An Accountant named Graeme decided not to have children, because according to his calculations, it was $250,000 per child to raise. The question is, what do you get for your $250,000?

Is Lotto the way to become wealthy?

Have you bought a ticket in the Lotto? Have you ever looked at the odds? What are the winning odds of buying a Lotto ticket every week for 47 years. You might be surprised.

Where there is a Will, there is a way (to control)

Having no Will, or a poorly drafted Will, can have devastating financial and emotional consequences. It is therefore wise to understand what would happen to your assets if you were to die.

Why bother planning money?

If you do have future financial goals, such as, retirement, buying a house, paying off your mortgage or buying a car or boat, then planning can certainly help achieve such goals in a timely and effective way.

Hi Mum and Dad - Can I have some money?

Although some parents are dead against it, many like the idea of giving their kids a bit of assistance to get started into adulthood. Regardless of what you look at, the earlier you start, the easier it will be.

Share trading and calibration of confidence

There was a sad story recently of a middle aged man who gave up his job and decided he would work from home trading shares. He had been to a share trading course and bought the software...

Interest free loans and calibration of confidence

Poor calibration of confidence indicates that we are not really aware of what we know and don't know, leading to either overconfidence or underconfidence. Such a position can lead to costly financial mistakes.

Avoiding the financial skids

What does it mean to calibrate your confidence? Consider the accident ratios for young drivers. Drivers under 21 are more likely to be in a car accident than those over 21. Is the reason for this inexperience and therefore a lack of driving competence?

The Dolphin Chart

What do the two bars represent on the money personality chart for Dolphin?

The Owl Chart

What do the two bars represent on the money personality chart for Owl?

The Labrador Chart

What do the two bars represent on the money personality chart for Labrador?

The Monkey Chart

What do the two bars represent on the money personality chart for Monkey?

About Money Personality

Money Personality is an innovative tool which can be used to further understand your preferences for dealing with money. This article provides some interesting background on this concept.

An insane payrise

Before you ask for your next payrise, or receive your next payrise, ask yourself “is this going to be just another insane payrise?”
So what makes for an “insane payrise”?

Will Henry, or the Budget, Change Your Financial Future? Probably not

The Henry Report into the tax system is out, as well as the Government delivered their Budget for 2010. Taking a step back from the detail, one thing is guaranteed – our financial system will keep changing.

What should you do if Interest Rates Rise?

The RBA Governor has recently warned us to expect that interest rates will continue to climb. So what should you do in an environment where interest rates are still on the rise?

An aggressive double gearing strategy

Debt and leverage was one of the main causes of the GFC. How did people lose their homes?

New Year Financial Resolutions

As there are so many areas of finance, it can be overwhelming to review every area of your finances. Here is a short list of suggestions that might help you choose some areas that you would like to review or make a change in.

Your Money Personality influences the car you buy

Your money personality indicates what you are likely to look at, and how you are likely to make a financial decision. It applies to both the significant and trivial, like buying a house, a car and an ice cream.

Sustainability Risk and Your Money Personality

What is the best way to achieve financial success? Money and finance have been around long enough now that surely someone has come up with the best way to achieve financial success.

What’s Your Money Personality?

70% of people experience conflict around money; perhaps the other 30% just don’t talk about it. Swiss psychologist Carl Jung believes that conflict is seldom based on what we are trying to achieve, but an outcome of disagreements on what is the best way to achieve what we want?