Balancing Work and Life: What options do I have?
In our fast-paced modern society, there’s a growing desire for achieving a better balance between work and personal life. This goal resonates with various demographics, ranging from professionals grappling with lengthy work hours, dual-income households balancing demanding jobs with childcare responsibilities, to older individuals seeking more time for family and hobbies as they transition into […]
Understanding the Role of a Financial Plan
When meeting with our clients, it’s evident that most have a vision for their future selves, whether short-term objectives such as debt management or readiness for life changes, or long-term aspirations like paying off the mortgage, home upgrades, or having a comfortable retirement. However, a prevalent challenge we observe is misalignment—where financial situations and decisions […]
Retirement Planning: Frequently Asked Questions
Below are the burning questions we get asked the most about planning for your retirement. What is a good financial plan for retirement? A comprehensive retirement strategy necessitates engaging with a financial adviser to discuss a customised approach to match your specific financial situation. We’ll evaluate your earnings, expenditures, investments, and potential hazards. Key components […]
Navigating Early Access to Superannuation: Your Guide to Potential Paths
Early access to superannuation funds, though primarily reserved for retirement financing, is indeed attainable under specific circumstances. While these withdrawals typically necessitate exceptional situations like health challenges or severe financial distress, avenues for early access do exist. In this comprehensive guide, we’ll discuss the pathways to securing early access to your super, address potential hurdles, […]
The Rise of Mergers in Superannuation Funds
Ever noticed your retirement nest egg getting a makeover? Your superannuation statement shows up with a brand new name on the envelope, welcome to the world of superannuation mergers! Where’s my super fund gone? Superannuation funds are under increasing pressures to consolidate and achieve economies of scale, which ideally will leave to a more streamlined […]
Exploring Ethical Investing: Aligning Values with Financial Goals
In the realm of investment decision-making, considerations often revolve around two primary factors: the potential return on investment and the level of risk involved. However, an emerging trend in personal finance is shedding light on a third crucial element: whether investments align with one’s personal values and beliefs. This paradigm shift has given rise to […]
Diversifying Wealth: The Pitfalls of Property Dependency
Australia’s enduring fascination with property has undeniably contributed to our nation’s prosperity. However, there’s a growing concern that over-reliance on this single investment avenue might not be as safe as once thought. Much like any other asset class, the property market experiences its fair share of ups and downs, and signs suggest cracks may be […]
Securing Your Future: The Importance of Life Insurance and Income Protection
“Do I need life insurance” is a common question asked. But knowing what you need isn’t a simple answer. The world of life insurance can be overwhelming and confusing, which is why we’ve taken this opportunity to explain the different types of cover available to you and why you might need them. It’s all about […]
Retirement can be taxing! Plan ahead
Planning your retirement extends beyond envisioning your post-career activities; it encompasses strategic considerations to optimise your accumulated wealth, including tax planning. Minimising tax obligations allows for more funds towards your retirement goals – obviously right! Start to think about the timing of retirement, individuals should assess the implications of their chosen month. In cases of […]
The Pro’s and Con’s of SMSF
Delving into the dynamics of Self Managed Superannuation Funds (SMSFs) reveals a rapidly expanding sector within the super industry. With a staggering 606,217 SMSFs in Australia as of June 2023, boasting total assets of $889,500 million, their popularity is undeniable, though not universally applicable. The Pro’s For experienced investors with a minimum of $200,000 and […]
