The Great Aussie Money Showdown: Home Loan vs. Investing vs. Super – Where Does Your Extra Cash Go?
So, you’ve finally got some breathing room in your budget and a bit of extra cash to play with. But with so many options vying for your attention, where should you put it? Should you smash down your home loan, dive into the share market, or boost your super? It’s the great Aussie money debate, […]
Superannuation for the Self-Employed: Taking Charge of Your Retirement
When you’re self-employed, juggling the demands of running a business can leave little time for thinking about retirement. But don’t let the freedom and flexibility of being your own boss distract you from securing your financial future. Superannuation is just as crucial for the self-employed, and it offers some unique advantages. Is super compulsory for […]
The Super Death Tax Trap: Don’t Let the Taxman Inherit Your Hard-Earned Savings
Superannuation. It’s the cornerstone of your retirement plan, but did you know that poor planning could lead to a hefty “death tax” for your loved ones? It’s a hidden danger that many Australians are unaware of, and it could significantly erode the inheritance you leave behind. Understanding the Super Death Tax When you die, your […]
Do You Have a Will? Why It’s More Than Just a Piece of Paper
While contemplating our own mortality isn’t exactly a favourite pastime, having a valid will is crucial for everyone, regardless of age or wealth. It’s not just about dividing up your possessions; it’s about ensuring your wishes are respected and your loved ones are protected after you’re gone. Why is a will so important? Keeping your […]
Estate Planning: Why It’s Not Just for the Wealthy
Estate planning. It might sound like something only the rich and famous need to worry about, but the truth is, it’s a crucial part of financial planning for everyone, regardless of your age or net worth. What is estate planning? Simply put, estate planning is the process of organising your affairs to ensure your assets […]
Modest vs Comfortable Retirement: Choosing Your Retirement Lifestyle
Retirement. It’s a time to finally enjoy the fruits of your labour, but what does that actually look like? When planning for your golden years, you’ll often hear the terms “modest” and “comfortable” retirement. But what do these terms really mean, and what are the key differences? Understanding the ASFA Retirement Standard The Association of […]
How Much Super is Enough? Cracking the Code to a Comfortable Retirement
Retirement. It’s the golden period we all dream of – a time to relax, travel, and pursue those hobbies we never had time to when we were working. But how much superannuation do you actually need to fund this dream lifestyle? While there’s no one-size-fits-all answer, let’s explore some key factors and guidelines to help […]
The Lingering Cost of that COVID Super Withdrawal: How to Recover
Remember the early days of the COVID-19 pandemic? Uncertainty loomed, and the government offered a lifeline: early access to superannuation. While that $10,000 (or $20,000 if you accessed both tranches) may have provided much-needed relief at the time, it’s important to understand the hidden costs that could be impacting your retirement savings today. The Silent […]
Early Access to Super: Is it Worth the Cost?
Superannuation is designed to fund your retirement, but there are certain circumstances where you might be able to access it early. While this can seem like a lifeline in times of need, it’s crucial to understand the potential long-term consequences for your retirement income. When can you access your super early? Early access to super […]
It’s Never Too Late to Plan for Retirement: Taking Charge of Your Future
Retirement. It’s a word that conjures up images of relaxation, travel, and pursuing passions. But for some, it can also bring a sense of worry, especially if planning hasn’t been a priority. The good news? It’s never too late to take charge of your financial future and create a retirement you can truly look forward […]
