Will retirement age in Australia increase?
Will retirement age in Australia increase? Interestingly, there is no official ‘retirement age’ legislated for in Australia. That being said, there are certain age based rules in respect of both Superannuation and also Social Security benefits, that may help to...
THINGS TO DO AS SOON AS YOU RETIRE !
Further to my earlier article on What to do Before Retirement, this article makes further suggestions or reinvigorates earlier ideas with added focus now that you are ‘Retired”. Retirement is a significant life stage that offers the opportunity to enjoy a multitude of...
How long will $500,000 last in retirement ?
How long will $500,000 last in retirement ? Retirement planning is a critical aspect of one's financial journey, especially in Australia, where the retirement landscape is ever evolving. A key question that retirees often grapple with is: How long will $500,000...
Should I retire early?
Should I retire early? Yes please! Why wouldn’t I want to retire early? More time on my hands, no alarm clock, deadlines or commuting. Sounds great. This is the simple answer. Unfortunately, the more complicated answer is, it depends. There are a number of factors to...
What is Income Protection Insurance?
What is Income Protection Insurance? In the dynamic realm of personal finance, one often-overlooked gem is Income Protection Insurance—a powerful tool to help your financial ship stays steady when unforeseen storms hit. Let's dig into the details of income...
Employee Share Schemes
Employee Share Schemes (ESS) allow you to purchase shares in the company you work for generally at a discount to the market price. The scheme may also allow you to buy the shares with pre-tax income via a salary sacrifice arrangement. This means you may be able to buy...
Positives and Negatives of Self-Managed Superannuation Funds: A Delicate Balance
Positives and Negatives of Self-Managed Superannuation Funds: A Delicate Balance Embarking on the journey of managing your retirement wealth through a Self-Managed Super Fund (SMSF) can be both empowering and intricate. The unique features that constitute...
Managing windfall gains: Tips for long-term financial stability
Managing windfall gains: Tips for long-term financial stability A windfall gain refers to a sudden and unexpected financial gain that comes from sources such as winning the lottery, receiving an inheritance, or experiencing a significant increase in the value of an...
Corporate or Individual Trustee – what to consider for your SMSF
Corporate or Individual Trustee – what to consider for your SMSF A self-managed superannuation fund (SMSF) is a simply a trust structure, with favourable taxation concessions. Any trust structure must have trustee, and this can be either an individual, or a company...
Safeguarding Your Future
Safeguarding Your Future: Understanding Different Types of Insurance In the journey of financial planning, insurance plays a pivotal role in safeguarding your future and the well-being of your loved ones. Let's delve into the importance of various insurance types –...
We are constantly surrounded by risk
We are constantly surrounded by risk, in all shapes and sizes. Some we can control others we can’t. When it comes to investing, there are always risks, but the best way to mitigate risk and enhance consistent positive returns is diversifying your investment portfolio....
Part of my remuneration includes share options
Part of my remuneration includes share options Employee share option plans can be a great way of participating in the potential upside of the company you work for. An earlier article (include link) provides more detail but in summary a share option provides the right...
Navigating Superannuation Death Benefit Tax: Strategies for a Secure Future
Navigating Superannuation Death Benefit Tax: Strategies for a Secure Future Introduction: Superannuation plays a crucial role in securing our financial future, but understanding the intricacies of its taxation upon death is equally vital. The treatment of...
How to use a Family Trust as an Estate Planning Tool
Leveraging a Family Trust as an Estate Planning Tool Estate planning is a critical aspect of financial management, ensuring that assets are preserved and distributed according to one's wishes after death. Among the broad option of estate planning tools...
Who should think about asset protection?
Who should think about asset protection? There may be several scenarios where asset protection may be an important consideration. Commonly it is important for sole traders, company directors and potentially people committing to a new romantic relationship. Why is it...
What are the costs of SMSF’s?
What are the costs of SMSF’s? In my 30 years as a Financial Adviser, perhaps the most common misconception I have had to address with clients, is that Self Managed Super Funds (SMSFs) cost less. The reality is, that whilst this may be true for some, it...
5 Questions to ask when considering an ESOP
5 Questions to ask when considering an ESOP An employee share option plan (ESOP) is a valuable benefit for employees, giving them the opportunity to become shareholders in the company where they work. Essentially, it allows employees to purchase company shares at a...
How can I plan for and manage my financial affairs during potential career transitions or changes?
How can I plan for and manage my financial affairs during potential career transitions or changes? Planning is the operative word in the question. We speak with many clients who aspire to make a change, but are blinded by some key aspects that could potentially...
Efficient Cash Flow Management for Tech Professionals with Variable Income
Efficient Cash Flow Management for Tech Professionals with Variable Income During periods of consistent income, prudent savings and vigilant budget maintenance are essential for weathering potential income fluctuations. Strategic cash flow management becomes paramount...
What are some tips for asset protection?
What are some tips for asset protection? We all work very hard and would love to know that what we have saved and accumulated is protected from frivolous and malicious claims by those trying to make a quick buck. Equally, we desire to ensure that the assets we have...
