COVID has heightened many of the usual considerations when retirement planning, so it’s worth revisiting your goals and strategy. There is no denying that our world has changed over the past two years and many of these changes are likely to be enduring. The COVID pandemic has touched almost every aspect of our lives. From… Read more »
Managing money in your 60s is all about getting your retirement ducks in a row and moving onto the next phase of your life. In your early 60s, retirement is likely within reach and it’s time to be thinking about it at a microlevel. Planning for retirement should focus on planning your finances for life… Read more »
At what point does a self-managed superannuation fund (SMSF) become viable against the big funds? It’s one of the age-old questions of superannuation: at what point is it viable from a cost and performance perspective to transition to a SMSF? In years past, a general rule of thumb was that you’d need to have $750k-$1… Read more »
Managing money in your 50s is all about enjoying everything you’ve worked for, while planning for what comes next. In your 50s, you’ll often experience significant shifts in your lifestyle, goals and values. While your career may remain important, as your life changes, you’ll likely be thinking about what’s next. You might be preparing for… Read more »
Caring for elderly parents who are finding it difficult to look after themselves financially is a big commitment. It can cause friction, but it doesn’t have to. It is a sad story which touches so many Australian families when elderly parents can no longer care for themselves. Responsibility invariably falls to the children, which can… Read more »
Right now, is it best to put extra money into your mortgage or super? To help you decide, here are four questions to ask yourself. At a certain point in life, many wonder what’s better: to pay off the home loan ASAP or top up your superannuation? If your emergency cash buffer looks okay and… Read more »
There’s not a person among us who wouldn’t fancy an extra $1 million when it’s time to retire. Even better, it’s actually pretty easy to find it. By Ben Ford Do you know how much money you’ll have to live on when you retire? Do you know how much you’ll need? Do you care? Newsflash: You absolutely… Read more »
If you think you’re ‘too young’ to think about retirement, think again. If you want to retire rich, start saving for it now. By Alex Brophy Retiring rich is easy, until you’re old. Then your wrinkly old hands are tied to whatever assets you’ve accumulated in your taught-skinned youth. This means you should be thinking… Read more »
The problem is we value rewards today more than rewards in the future. But Future You wants you to rethink that strategy ASAP. Since having kids, I’ve found it hard to imagine the future. When they were babies, it was difficult to imagine what it would be like with toddlers. Once they became toddlers, I… Read more »
What is the 4 per cent rule, how does it work and is it reliable? The 4 per cent rule is a rule of thumb that helps investors easily calculate how much they need to save in order to ‘live off the earnings for the rest of their life’. Without this guideline, it would be… Read more »
