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I speak at a lot of retirement seminars and the most common question is, “How much do I need in my superannuation to fund a comfortable retirement?” The answer is very individual because it depends on what sort of retirement lifestyle you choose. Everyone is different, with different spending habits, hobbies and passions. ASFA benchmarks:… Read more »
Taxing unrealised gains on investments is incredibly messy and goes against the spirit of investing, so it’s good to see the federal government has had a rethink of its proposed new tax changes on superannuation balances over $3 million. The tax will now be based on realised capital gains, along with interest and dividends. But… Read more »
Good news: Payday Super laws have been listed in Parliament – potentially putting an end to lost super. Unpaid super costs working Australians a staggering $110 million a week in unpaid retirement savings. It is hoped the new Payday Super laws will eradicate this – and simplify the superannuation contribution process for employers. What is… Read more »
Boomers, we are not to blame. I’ve talked about the intergenerational wealth wars a lot in the past where younger Australians begrudge older Australians for everything from pushing up property values and living a more lavish lifestyle, to retiring on supposedly excessive superannuation payouts. As I’ve said before, these intergenerational wars of financial envy are… Read more »
Super funds have delivered a third straight year of strong returns with shares rallying in the final quarter to push full year returns into double digits. Leading superannuation research house SuperRatings estimates that the median balanced option returned 1.4 per cent over the month of June, bringing the return for the financial year to 30… Read more »
For anyone who feels overtaken by Australia’s ever-accelerating property market, this one is for you. There are other ways to secure your financial future …. Let’s be honest – buying property in Australia right now is out of reach for millions. With median house prices booming in Perth and soaring well past the $1 million… Read more »
While debate rages over labor’s proposed superannuation tax changes, property experts are already predicting how the housing market will be impacted. Any new tax changes naturally have a wider ripple effect on markets and Ray White group’s Head of Research, Vanessa Rader, can foresee significant consequences for the residential property market from the new… Read more »
Let’s use a referendum to once and for all bring politicians and political parties in line with the rest of us. Who’s with me?! Labor has been swept back to power and realistically is looking at another six years in power. It is unlikely that a Coalition could unseat them at the next election in… Read more »
It’s very easy to chuck retirement planning into the too-hard basket, especially when you’re still young. But trust me – it’s much, much easier (and smarter) to get on top of things early so you can start preparing for the most comfortable and enriching retirement you can imagine. I reckon the easiest way to get… Read more »
Media coverage of sharemarket corrections can spook even the most professional investor. It can be scary. Before building the bunker, it’s worth remembering a couple of things. I love the advice of Warren Buffet from his biography, Snowball: “Cash combined with courage in a crisis is priceless.” “Don’t invest in things you don’t understand.” “Don’t… Read more »
