Retirement Planning Specialists

We’re dealing with a health crisis that no one in our lifetime has experienced, which is having an impact on global and domestic economies that no one could have forecast. Entire industries – tourism, entertainment and hospitality – have ground to a halt, and with them jobs. For Australians in these industries, not only are […]

Finding the right level of insurance cover is important when you’re thinking about retirement. If retirement’s coming up on your horizon, the impact of COVID-19 (Coronavirus) may have thrown a warehouse-sized rack of spanners in your planning. It makes sense to concentrate on things you can control, such as insurance. Too-high premiums can chew away […]

There are people who are better at the whole social distancing game than others. If you already normally work from home, for instance, you might be laughing into your elbow as you listen to the newly homebound lament that their desire to binge on Netflix on the weekend isn’t so appealing when they can do […]

Face-to-face encounters have become less frequent in so many areas of our lives – and banking and shopping are no different. So, now’s an ideal time for older Australians to start integrating more digital transactions into their everyday banking. Using these methods for the first time can be intimidating, so we’ve answered some of the […]

Wearable technology can monitor our heart rate and tell us how much sleep we’ve had, but what about our financial wellbeing? If you could benefit from a Fitbit for your finances, read on. Just like your physical health, the more you can monitor what’s happening with your finances, the easier it will be to improve […]

With weeks, and perhaps months, of self-isolation ahead, many of life’s conveniences like streaming and delivery services will become our essentials. But if you’re used to spending unlimited amounts to make life that little bit easier, now is a good time to look at what you can live without to make your budget go further. […]

There are only certain people who can inherit your super when you die. There are also two different types of nominations you can make. Here’s what you need to know before making your super beneficiary nomination. Super is different from other assets, such as your house, because the trustee of your super fund ultimately decides […]

For every action there is a reaction. And while we’re not criticising the government’s policy response to COVID-19, we recognise that such intervention often has unintended consequences.  Take lower interest rates for instance. Central banks intended to make the cost of investment cheaper and be stimulatory. Instead, Australian households borrowed more money to buy bigger […]

Despite the recent wild ride for markets coping with the uncertainty of the coronavirus pandemic, many investors are well-versed in the need to “sit tight”. They understand that moving out of positions in falling markets risks crystallising losses at the bottom and missing out on the recovery. For retirees it’s not so simple, where portfolios […]

The world has always been challenged by the dynamics of geopolitics. The nature and magnitude of associated conflicts may transition and manifest across varying contexts but, broadly speaking, geopolitical risk is ever present. The fierce competition between the powerhouses of the East and West has been watched closely by many. The trade war between the […]

Market and Economic overview Australia The coronavirus ‘curve’ of known cases has flattened out, suggesting social distancing measures have been successful in slowing the spread of the disease. The focus is now on a gradual easing of restrictions – people will gradually start returning to work as non-essential areas of the economy start to function […]

In the first year since older Australians have been allowed to make downsizer contributions, 4,246 people have contributed a total of $1 billion in downsizer contributions to their super funds (1 July 2018 – 1 July 2019). This not only allows retired people to have access to more money to fund their retirement, it’s also […]

Since the financial crisis more than a decade ago, investors have had to search much harder for income as savings rates have plunged. Many have looked to the equity market to help them achieve better income returns, with large numbers of companies increasing dividend payments to shareholders as they have grown. It is likely that […]

While it can be hard to stay in the market when share prices plummet, now is not the time to panic. The COVID-19 (coronavirus) pandemic has triggered a share market crash, in Australia and internationally. Since 31 December 2019, when the first cases of the new virus were reported in China’s Hubei province, the disease […]

Global economic activity has grounded to a halt, prompting fears the world is in for a re-run of The Great Depression. While there might be similar scenes, the parallels are not as strong as you may think. Without a doubt, countries worldwide are in for sharp, deep recessions as they rightly sacrifice economic growth in […]

How to reduce expenses after a job loss and get back in the driver’s seat of your finances. With many thousands of Australians experiencing job losses and reduced hours as a result of the COVID-19 (coronavirus) pandemic, many will need to take a look at their expenses to continue living within their means. The average […]

For many traditional office-workers, working from home has now become the new normal. For some it’s an easy transition to make, while for others, it can be a struggle. If you find yourself struggling to adapt to this new way of working and living, here are some tips that can help. Set up a dedicated […]

Introduction The blanket coverage of coronavirus and its impact on the economy can lead to a lot of confusion. Some reports are hopeful of anti-viral drugs, others say a vaccine is at least a year away. There is talk of curve flattening but still rising cases and deaths. There is news of an easing in […]

The federal government has been releasing details of financial support available to Australians who have lost income due the economic impact of the COVID-19 pandemic. A huge number of us have been affected in some way and many have been left feeling stressed and confused about what to do to keep afloat. Although concern about […]

Have you received an unexpected email or text asking you to ‘confirm’ personal details by clicking on a link or opening an attachment? It could be an attempt to steal your information for financial gain. Identity theft is on the rise, so it’s important to know how to protect yourself. It’s hard to believe people […]

Introduction After a roughly 35% plunge from their February high point to their lows around 23rd March, global and Australian shares have had a 15-20% rally. What’s more this rally has occurred despite increasingly bleak economic data ranging from plunges in business conditions surveys or PMIs to a record 10 million surge over two weeks […]

With the ongoing escalation of the COVID-19 crisis many people are struggling. Huge changes are happening and we’re all being affected, socially, emotionally and financially. If your ability to work and earn an income has already been affected, you’re likely to be worried about how you’re going to cover your bills and mortgage and pay […]

The spread of coronavirus has been followed by some of the biggest plunges in share markets since the Global Financial Crisis (GFC), both here in Australia and around the world. There’s nothing new about a market correction, but for those close to retirement it can be a nerve-wracking experience. If you’ve checked your superannuation balance […]

Introduction Along with the horrible human consequences, the coronavirus pandemic is having a huge impact on the way we live and, as a result, investment markets. This has raised a whole bunch of questions: why does a big part of the economy have to go into “hibernation”? how long might it be for? how big […]

As the Coronavirus continues to spread, many people are naturally fearful for their health, their livelihoods and those they care for. During times of great uncertainty, it’s natural to be anxious however it’s also important to keep things in perspective. In this time of crisis, it’s important to remember that medical professionals and infectious disease […]

In recent weeks, investment markets around the world have experienced significant volatility as investors try to assess the impact of the coronavirus (COVID-19) outbreak – an event that no-one anticipated for 2020. If your super is invested in the Australian and/or international share markets, it’s likely you would have been affected by this. How much […]

For some people, the word frugal conjures up images of deprivation and penny-pinching. But being frugal isn’t about being tight-fisted. Instead, it’s about prioritising your spending, so you have the money to enjoy what’s important to you. Frugality is making a comeback, thanks to the younger generations. Millennials, who were born between 1981 and 1996, […]

If the threat of a large-scale outbreak of an infectious disease isn’t enough to worry about, the financial implications of coronavirus is also making investors nervous. You may have read about how the shutdown of industry across China, effectively the world’s manufacturing hub, risks hurting the global economy. You may also have heard about large […]

March 2020 What it means for individuals, retirees and the Australian economy Here we explain some of the benefits you may be eligible for. With the COVID-19 coronavirus crippling the Australian economy and affecting livelihoods, the Australian Federal Government has announced a range of measures to support both businesses and individuals. The total stimulus announced […]

It is forecast that by 2020, the average Australian household will save a tiny 2.1% of their total disposable income – a drop of around 5.5% from 2014. Having money in the bank means you can cover large expenses, meet future goals and protect your lifestyle if things go wrong down the track. Best of […]

Impulse purchases and buyer’s remorse often go hand in hand. But if you take a week (or a month) to reflect on your spending, you could see a noticeable boost in the funds accumulating in your savings account. Enter, the Seven-day Rule. Don’t reply to text messages after you’ve had a glass of wine and […]

If you’re looking for inspiration this year, we’ve rounded up six podcasts to help you flip your thinking on your 2020 plans, whatever they look like for you. From money know-how to new skills to strategies for facing fears, these podcasts offer insights and advice straight from the mouths of people who’ve dreamt, learnt or […]

With 2020 now in motion, many parents and carers are probably looking at how they’ll cover school fees for the year ahead, not to mention other costs, which might include things like uniforms, shoes, stationery, excursions and transport. The good news is, you may be eligible for some financial assistance through subsidies in your state […]

Investing on behalf of your children can help give them a financial leg up and introduce them to good financial practice at an early age. Here are some considerations to help you find an appropriate kind of investment vehicle to set them on their way. Whether it’s birthday cash from proud grandparents, a slice of […]

It may not be something you think about much. It may even make you uncomfortable to examine the way you manage money and think about whether you’d be able to cope if you suffer a significant financial setback. But your financial wellbeing can impact every area of your life, so it’s worth taking the time […]

Key points While reported new coronavirus cases in China have slowed, the pickup in cases outside China has led to a renewed sharp fall in share markets and bond yields. Our base case is that the outbreak will be contained allowing share markets and bond yields to rebound in the June quarter. However, the hit […]

In Australia, people are living longer and interest rates are lower than ever. While the first is good news, the second carries risks if you’re looking for an adequate income to see you through retirement. Here we look at three elements that affect a post-work reasonable income – interest rates, inflation, and longevity. Interest rates […]

There are a number of ways you can contribute more to your super, to take advantage of time and the magic of compound interest. These include salary sacrificing, and a range of tax-deductible, spouse and downsizer contributions, as well as government co-contributions. What you do right now affects how well you can live in future. […]

Everyone who’s approaching retirement wants to know how much money they need to save – how much is enough to leave work confidently and then live comfortably? Lately, we’ve been seeing $1 million dollars bandied around as the magic number but is $1 million enough? Well, it depends. If you’re a high-income earner and want […]

What is the ASX? ASX stands for Australian Securities Exchange (not stock exchange like many people think). How does it work? The ASX provides a market for people to buy and sell shares in the companies listed on it. If the company does well, the investors (those who own shares) have a chance to make […]

Australia Headline inflation rose slightly more than expected in the December quarter. Prices rose 0.7% over the three-month period, the fastest quarterly increase in three years. This took the annual inflation rate to 1.8%. The increase was partly due to higher food prices, affected by disruptions to transportation owing to bush fires in November and […]

Australia’s bushfire crisis has so far claimed 28 lives, killed an estimated billion animals, destroyed more than 2000 homes and burnt through more than ten million hectares of land. If you live or operate your business in a fire-affected area, there is help available. The federal government is providing two forms of financial assistance to […]

In Australia, special capital gains tax rules apply when dealing with assets of a deceased estate. The most common types of assets inherited by a beneficiary that could be subject to a capital gain are property, shares and managed funds. You may have just received (or are about to receive) an inheritance. While this article […]

In the wake of recent ferocious bushfires, the climate change debate has climbed the news agenda, with many Australians now considering what they can do to help. If you’d like your money to make a difference to the environment as well as your future, now might be the time to consider ethical investing. It’s a […]

To help pay for the public health system which we call Medicare, you’re required to pay a 2 percent Medicare levy as part of your income tax. While the low-income tax offset can reduce your individual tax liability, sadly it does not reduce the Medicare levy per se, which can make it that little bit […]

Super law sets out some requirements that trustees of regulated super funds need to consider when formulating an investment strategy. These requirements include (but not limited to) the composition of investments, risk and return, liquidity, insurance and the ability to pay liabilities (including member benefits) as they become due. Looking first at the composition of […]

When considering the financial position they’ve achieved in retirement, many Australian retirees share the same opinion: “I wish I’d saved more.” For some people, keeping up with day-to-day living expenses and staying on top of debts is challenging enough, and investing for the future can seem out of reach. Meanwhile, others are better at sticking […]

You’ve made plans, set a budget and financial goals; you’re ready for anything, right? But what happens if a loved one is in an accident or your ageing parent starts needing dedicated care? How do you juggle career and the role of carer? Registered Nurse, Rachel James, had packed her bags and was five days […]

For decades real estate not only delivered security and comfort to bring up Australian families but also a cast-iron vehicle for wealth building, seemingly immune from the ups and downs experienced by other types of investment. But then came the recent downturn, with falling house prices shaking our longstanding faith in bricks and mortar. Signs […]

It’s the getaway you take when a getaway’s out of the question – the staycation. Whether it’s venturing out locally and returning each evening, or taking a few nights to explore places within driving distance of home, the staycation is becoming increasingly popular. It might come down to time, or money, or just that you […]

As retirement comes into view, it’s time to imagine a new you for the post-work age. You remember your first day at school, your first job, your first home. And now your final pay check is in sight. You’re nearly there. That’s quite an achievement. How to be trigger happy As with other big life […]

Tiny homes are seeing rising popularity among Millennials, many of whom are facing unaffordable housing prices and gig-economy jobs with unpredictable income. It’s no surprise they’re looking for innovative ways to set up a house. Tiny homes are marketed as an affordable way to achieve this. But what are the pitfalls, and are they everything […]

If it is indeed better to give than to receive, then Australians are a happy lot. According to the Financial Planning Association of Australia, 85% of us find more joy in giving gifts to others than in getting them ourselves. We’re also a generous bunch, spending an average of $93 on a significant Christmas gift. […]

Market and Economic overview Australia Australian interest rates were lowered by 0.25% to 0.75% in October but left unchanged in November. Most observers expect borrowing costs to be lowered further in the next few months. The latest reading of Australian consumer confidence fell unexpectedly sharply. This was a little surprising given generally buoyant labour market […]

There are many benefits to receiving a pension or even a part pension, but there are limits to what level of income or assets you can have to be eligible. Regarding assets, the key limits as at 1 July 2019 are as follows: To receive a full pension, assets (excluding the value of the primary […]

Retirees now face a bold truth: investing in traditional safe haven assets do not provide the returns they once did. So, where to from here? The first thing is to accept that today’s returns are lower on retiree favourites, like cash and bonds. Second, there are tools available to provide forecasts for what the market […]

Investors have faced a low-growth environment with low yield for some time now and this does not appear to be changing anytime soon. Global economic activity is slowing notably, reflecting a combination of factors affecting the major economies. Historically investors who look for income in the form of interest payments – also called yield, have […]

What is your most financially valuable asset? The answer to this question could be quite different depending on your age. A younger person may say their car or a possession, such as a musical instrument, is their most valuable asset. As people age their home or super is likely to be what they consider most […]

While divorce rates have fallen in Australia in recent years, there is one age group where it’s becoming more common. In the two decades to 2017, the divorce rate for men aged 55-59 more than doubled. For women in the same age group it has tripled. We explore the pros and cons for your lifestyle […]

Historically, self-managed super funds (SMSFs) have been seen as a direct way to take control of your retirement savings. By taking charge of your investment selection and asset allocation, there may be the perception that you could outperform your retail or other super fund by taking control over your choice of investments. Hence, when investment […]

A fulfilling retirement isn’t just about money, it’s about staying healthy, active and connected. So much of preparing for retirement is about the dollars and cents: Working out whether a transition to retirement strategy works for you. Deciding which type of income stream is appropriate to deliver the right balance between income and capital gain. […]

Just as the internet continues to surprise us every day, so do online scammers and fraudsters. It’s good to stay in the know with the cyber dark arts so you can quickly spot them. Keeping your computer secure The first place to start is right under your nose. Spyware and Malware can snoop on your […]

Picture the scene. You’ve moved past the honeymoon period of a new relationship and you think this could finally be the one. You’re starting to think about the medium-term future and setting up your lives together. So you’re at your favourite restaurant discussing joint finances when your partner drops a bombshell by revealing they hardly […]

When you’re looking at properties it’s hard not to pick features you love. A great view. Beautiful leafy garden and pool. Moments from the beach. But purchasing an investment property is very different from purchasing your own home. You have to leave the ‘dream home’ thinking behind and start thinking in numbers, probabilities and what […]

Parents and guardians want to send children out into the world armed with the skills and knowledge they need to succeed. So we talk to them about the birds and the bees, we teach them to catch a ball and drive. But oddly, many of us never talk to them about money and how to […]

Funny thing, money. On the one hand it can get us excited or give us a real sense of achievement (think reaching a savings goal). On the other hand, it’s something we tend to keep to ourselves. Whether our finances are in great shape or need a bit of TLC, talking about it openly with […]

It’s fair to say that most of us aren’t crazy about budgeting. Even with the latest budgeting apps that aim to make this common sense habit into something easy and fun, the thought of keeping tabs on what we’re spending from month-to-month fills many people with boredom or anxiety. In their Know your Numbers survey […]

Estimates of the size of the sustainable investment market vary from around $23 trillion to almost $31 trillion, with responsible investment taking into account environmental, social and governance (ESG) factors in investment decisions, whereas ethical investing being more of a values-based approach. In Australia, investments managed in an ethical or responsible manner came in at […]

In the 21st century era of digital transformation, being able to browse, choose and pay for our purchases anywhere, anytime has taken shopping to a whole new level. The way we consume and spend has changed dramatically as a result. Here in Australia, Buy Now Pay Later (BNPL) arrangements have emerged as a very popular […]

With a little bit of planning you should be able to successfully avoid having the joy of starting a family compromised by the financial burden of doing so. Based on research by the National Centre for Social and Economic Modelling (NATSEM) it costs over $406,000 to raise one child from birth until they finish their […]

Ever since King Alyattes of Lydia minted the first coin in 600BC, humanity’s relationship with money has been constantly evolving. Fast forward to more recent developments and mobile banking was offered to European consumers as early as 1999, with contactless payment cards appearing in the UK in 2008. When it comes to money, fashions come […]

A lot of us are looking for ways to use less plastic. But did you know that doing so could save more than the planet – it could also save you money? Here are five ways you can save money at the same time as helping the environment. Buy a re-useable coffee cup It’s not […]

If you’ve taken a look at your finances recently, you may have found yourself with a few debts. While it’s possible to pay them off by simply keeping up your minimum repayments, you may want to get them sorted quicker. If so, here’s a few simple steps to help you pay off your debts sooner […]

According to recent research from Mortgage Choice and Core Data, 35% of Australians give in to the temptation to spend money to keep up appearances. It seems that more than a third of us can’t help but follow the urge to upgrade our current lifestyle, even if that means missing out on important future goals […]

In the cooler months we spend a lot more time getting cosy inside. Why not use some of that quality indoors time to give your finances and future plans a little love? Dust off your budget Has your budget been gathering cobwebs? Or maybe you haven’t made one in a while, if at all? There’s […]

So you’ve found the apartment of your dreams. It’s a stone’s throw from the CBD’s trendiest shopping street, boasts fabulous views of the sea and comes with a fully-equipped kitchen boasting European appliances plus luxury spa bathroom. OK, it’s a bit pricey but it ticks all the boxes, and you can worry about the rental […]

Is money the key to happiness? Numerous research reports and studies agree having more money can lead to improved wellbeing, but only up to a point. It seems that once your personal income cruises past roughly the six-figure mark, you can’t expect to get any happier from having more. How you spend your money, on […]

Market and Economic overview Australia The Reserve Bank of Australia lowered interest rates in June by 25 basis points to 1.25 per cent, and again in July by a further 25 basis points – moving the official cash rate to 1.00%. In a July speech, the Governor of the Reserve Bank suggested it would be […]

In the simplest terms, investing your money means buying an asset with the expectation of earning returns from ownership of that asset. If you own an investment property, for example, you can expect to receive rent as income. But if you then sell the property for a higher price than you paid, you’ve increased your […]

When running a self-managed superannuation fund (SMSF), it’s important for investors to be aware of some of the key global and economic environmental factors that may impact their investment portfolio.  Here we look at five global themes that are currently playing out in world markets, and how they may potentially impact their investment portfolios. Trade […]

Your super returns may be doing ok, but could they be better? Being actively involved in how and where your super is invested, could make a real difference to your retirement savings over the long-term. This article considers four examples of investment strategies for your super. The importance of diversification Before we discuss the various […]

Housing is the most important asset owned by the majority of Australian households, according to the Reserve Bank of Australia (RBA). A house not only serves as a place to live, but as a long-term investment, a measure of household wealth and a source of consumer spending. Therefore, a change in house prices can have […]

If you want to diversify your investment portfolio to spread your risk across different asset classes, sectors or geographic markets, you may be limited by the amount of money you have available to invest. Managed funds are popular with investors looking to build their wealth over the long-term. By pooling your money with a group […]

Borrowing, or gearing, can help you accelerate your wealth creation. It can allow you to buy assets such as an investment property, or shares that you may not be able to afford outright. However, borrowing to invest is considered a high risk strategy and can result in you losing more than your invested capital. Before […]

We like to think we’re rational beings. But the reality is that a lot of our daily behaviour is influenced by our subconscious. Behavioural scientists have looked at the way human beings are wired and discovered some ‘cognitive biases’ that influence our everyday behaviour. So if you find yourself clicking on that Amazon special or […]

The Federal Treasurer, the Hon. Josh Frydenberg MP, delivered the 2019 Federal Budget on 2 April 2019. As widely predicted, the announcement included a range of tax cuts for both individuals and businesses. The Treasurer also announced increased funding for regulators to encourage tax and superannuation compliance, a number of positive changes to superannuation, and […]

As the old saying goes, there are only two things certain in life: death and taxes. Unfortunately, most of us spend too much time worrying over the latter and not enough discussing the former, uncomfortable though it may be. But while no one enjoys contemplating the end of their life, planning for your death is […]

Market and Economic overview Australia The Reserve Bank of Australia (RBA) again left interest rates on hold at 1.50% in July, extending the record period where policy has been unchanged. The chances of official borrowing costs being amended in the foreseeable future remain low, particularly with inflation only approaching the bottom of the RBA’s 2-3% […]

In the later stages of life, many seniors want to stay independent for as long as possible, but there usually comes a time when they need more support. So how can you do more for your parents to keep them safe and comfortable, without taking away their sense of independence and dignity? Here are some […]

As the novelist C. S. Lewis once observed, “You are never too old to set another goal or to dream a new dream.” Retirement should be the start of a new chapter in your life – perhaps the most exciting of all. The big question, of course, is how you pay for it without a […]

Australians aged 65 and over who are downsizing for retirement can now contribute the proceeds from the sale of their main residence (up to $300,000) into super. We take a look at what this could mean for you, bearing in mind that like with all important financial decisions, it’s a good idea to get financial […]

It’s tempting not to think too much about your super when retirement is still a long way off. After all, it’s growing just fine by itself … right? But the reality is, if you don’t take control now, you might be left with less than what you need when it’s time to put it to […]

Market and Economic overview Australia As anticipated, the Reserve Bank of Australia (RBA) left domestic interest rates on hold a 1.50%. Official borrowing costs have been at this level since August 2016 – the longest period that Australian interest rates have remained unchanged. CPI data confirmed that inflation ran at an annual pace of 1.9% […]

Investing in markets means volatility. When done well, you are getting paid for taking on risk. So why is it that sharp drops in the market have such a visceral impact on us? We only have to go back to early February, when markets dropped 4.6% in a few days to recall such a time […]

Where does all that money go? A host of apps are available to help you easily answer that question and even budget better, so you don’t get caught short in the event of a ‘rainy day’ and can feel more comfortable and in control of your finances every day. The best place to start is […]

After working hard for so many years, naturally you want your retirement to be as comfortable and enjoyable as possible. That’s why it’s worth knowing which types of government support you may be entitled to when you’re transitioning into this new phase of life. If you’ve been putting money into super throughout your working years, […]