Coping Financially After a Sudden Disability
When life throws you a curveball and you suddenly can’t work, the financial pressure can feel overwhelming. But here’s something many Australians don’t realise: there can be many safety nets…
The Sandwich Generation: Managing Finances While Supporting Both Children and Ageing Parents
Many Australians find themselves in what is called the “sandwich generation.” This is the stage of life where you may still be supporting children while also stepping in to care for ageing parents. It can feel like you are being pulled in two directions, both emotionally and financially.
Transition to retirement pensions: A step-by-step guide
As you progress towards retirement age, the idea of reducing your working hours can be appealing, especially if you can do it without reducing your income. Fortunately, there is a way to do this. It’s called a Transition to Retirement Income Stream (TTRIS), which allows you to supplement your part-time income with regular payments from your superannuation savings.
The Information Overload Trap: Why Too Much Financial Advice Can Leave You Stuck
There’s no shortage of financial advice out there. Everywhere you look—social media, news articles, investment forums—you’re bombarded with strategies, opinions, and predictions.
Retirement Is More Than a Number
When most people think about retirement, they picture a dollar figure. How much super will I need? Do I have enough investments to last? While money is important, true retirement planning is about much more than a number on a page.
Should you downsize to boost your super? Pros, cons, and tax implications
The idea of downsizing can be very appealing to empty-nesters. There will be less cleaning, gardening and maintenance, more time for hobbies and travel, and the icing on the cake comes if you can use the cash surplus you created to give your super a significant tax-effective boost.
But is the picture totally rosy, or are there some drawbacks to downsizing?
Smart Ways to Use Your Tax Refund This Year
You may be one of many Australians who make an interest-free loan to the federal government every year. That’s because, when you receive a tax refund, you’re not getting free money. All that’s happening is that cash which is rightfully yours is being returned, somewhat late. So it makes sense to make it work as hard as possible once it’s back in your hands.
What happens to my superannuation if…?
A client once shared a poignant regret:
“When I was working and the kids were young, I saved too much. It restricted what we did when the family was together.”
This simple reflection struck a chord with me. It got me thinking about the delicate balance between saving for the future and living fully in the present. While we all know the importance of financial security, is it possible to save too much—at the expense of the moments that matter most?
Why Budgeting Sucks (and What to Do Instead)
Why Traditional Budgeting Fails We’ve all been told that the key to managing money is to create a budget and stick to it. Track every dollar, set spending limits, and…
Why I Stop Retirement Projections in the Early to Mid-80s (and Why It Matters)
When I run retirement projections for clients, one thing I do differently is stop the projections in the early to mid-80s—despite knowing there’s a high probability that one partner in…
Stop resting on your (high income earner) laurels!
Achieving a high income is a significant accomplishment. You’ve put in the hard yards, climbed the ladder, and now you’re pulling in the big bucks! But don’t be mistaken; a…
Your super: A scammer’s new target
In a recent media release, the Australian Securities and Investments Commission (ASIC) warned about a new scam doing the rounds. Scammers attempt, through cold calls to superannuation savers, to extract…
6 steps to a Happy New Financial Year
The new financial year provides an opportunity for a fresh start for your finances. Make this the financial year you get on top of yours… for good! We’ve broken it…
Navigating the reality of divorce after 50
Adjusting to life after divorce, particularly later in life, is akin to navigating through some of life’s most challenging events, psychologists say. It’s a journey comparable to coping with loss,…
5 ways to boost your super (with contributions) before EOFY
Looking to give your super a boost before the end of the financial year? Look no further! Follow these five strategies to maximise your contributions and make the most of…
2024-25 Federal Budget Recap
In his 2024 Federal Budget speech, treasurer, Jim Chalmers, announced that ‘The number one priority of this government and this Budget is helping Australians with the cost of living’. But…
Get ready for June 30 now!
When it comes to getting the most (money) from your annual tax return, there is usually a lot to think about, so we’ve identified a few options that could open…
A Self-Employed Superannuation Guide
When you’re at the helm of your own business, it’s easy to get caught up in the whirlwind of the present – chasing sales, generating leads, and growing your business….
Roadmap to retiring young
The dream of retiring young is one that captivates many peoples’ imaginations. The freedom to live life on your own terms, doing what you want, when you want is undeniably…
Estate Planning is not just for retirement
Many people think that Estate Planning is only for people who are close to retirement, especially if we fall into the trap of thinking that Estate Planning is just about…
Federal Budget 2023-24 Summary
Lady Luck has once again looked down fondly upon Australia, creating the first Federal Budget surplus in 15 years, through a higher tax take on record export earnings and increasing…
Why millennials should be mapping their retirement today
While millennials have for decades been treated like ‘the children of Neverland, who never grew up’, reality is fast catching up with this generation, who are now young adults between…
A different “End of Financial Year Sale”
As the end of financial year fast approaches, there is still time to consider the strategies available to you this June 30 to build your wealth, some of which are…
Frequently asked questions about super
If the ins and outs of superannuation leave you confused, the answers to these frequently asked questions will help you understand the basics. How much do I need to retire?…
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