Investing mistakes to avoid
Investing successfully and improving your investment portfolio can be as much about minimising mistakes as trying to pick the ‘next big thing’. It’s all about taking a calm and considered approach and not blindly following trends or hot tips.
Tax changes - what it will mean to me
Prime Minister Anthony Albanese has announced proposed changes to address ongoing cost of living pressures with all 13.6 million Australian taxpayers receiving a tax cut from 1 July 2024, compared to the tax they paid in 2023-24.i
Riding the AI wave to make your life easier
During a period where technological developments have picked up speed, one innovation in particular wields a profound, broad-reaching impact on our lives.
Three aged care mistakes you should avoid
Moving into residential aged care can be a stressful period with complicated rules, family conflicts and rushed timeframes. This can easily lead to mistakes, which can be costly and difficult to rectify. This article highlights three common mistakes and tips to avoid the traps.
How will you use your super?
We spend decades watching our super balances grow but for those thinking about retirement in the next few years, it can be confusing to work out how best to use your super.
Here are some of the considerations for the popular options.
Out with the old in 2024
A New Year is a chance to start afresh and move into the year ahead with confidence and optimism that it’s going to be a great one! Part of setting yourself up for a wonderful year can sometimes be letting go things in your life that are not so beneficial for you and may be holding you back from living the life you want.
2023 Year in Review
Australia’s economy stubbornly defied predictions during 2023, dashing any hopes that we might begin to return to some kind of normal.
Some had expected an end to the Reserve Bank’s continued cash rate rises during the year. Instead, inflation has been a stubborn foe and we saw five rate rises.
The festive season brings families together
When your family gathers over the festive season, it might present an opportunity to start planning for future care needs.
Christmas is a time for families and the New Year is for resolutions.
“Get your fightback on”
More than most, this year is one that needs some reflection. In many ways, 2023 has been a very messy year. And there are so many of us feeling under pressure right now, we are this hearing from many clients and from many other people in my community.
Powering down for a relaxing holiday
It’s nice to enjoy a break over the summer months. In fact, it’s an Aussie tradition - that mass exodus after Boxing Day that sees us head off for some well-earned rest and relaxation. However, it can be hard to unwind when we have a device in our pocket buzzing away every couple of minutes.
Financial wellbeing is a gift worth giving yourself
The festive season is a time of joy and celebration but, for some, it can also lead to a financial hangover in the New Year.
Overspending on gifts, parties, and decorations can quickly add-up, leaving us with unwanted debt in the New Year.
How to give back
Australia is a giving country, but we often give in kind rather than financially.
Whenever there is a disaster here or overseas, Australians rush to donate their time, household goods and cash. However, we still lag other countries when it comes to giving money.
Understand cash flow before you invest in property
Understanding cash flow can be the difference between a solid long-term investment and a costly mistake, writes Michael Sloan. So do your research – and get good advice before you buy. Oftentimes investment properties generate negative cash flow.
Retirement income and tax
How much tax you pay on retirement income depends on your age and the type of income stream.
For most people, an income stream from superannuation will be tax-free from age 60.
Catch up on super to boost retirement savings
If you’ve had an irregular or interrupted income in the past, you might’ve missed out on opportunities to contribute to super. If you don’t fully utilise your concessional cap, and you’re eligible, you may be able to make ‘catch up’ on concessional contributions.
Prioritising mental health: How small business owners can make a difference
In today’s modern business landscape, small and medium enterprises (SMEs) are the backbone of the economy.
However, lost amid the grind to balance books, meet customer demands, and stay afloat, there’s an often-overlooked factor: prioritising mental health.
Five adjustments if your spouse moves to care
Life is filled with changes. But with preparation and good advice, you may be able to manage the changes more effectively to minimise the stress.
Watching your spouse’s health decline can be difficult and stressful. And if this decline results in a move to aged care, you will both be faced with a lot of changes.
Spark up your life and others by being a connector
We all know them. The people who seem to know everyone and effortlessly make connections within their network. While it’s wonderful to know a ‘connector’, we can also develop those qualities and become a connector ourselves.
Returning to work after retirement
Employers are desperate for workers and cost of living pressures are making it tough to live on a pension. That’s a perfect mix of conditions to send some retirees back to work. But it’s smart to get good advice before you take the leap.
Aged Care challenges in the home
Aging at home with government-subsidised funding is made possible through the Home Care Packages program.
However, a crackdown on what the funds can be used for and a shortage of support workers, can make it challenging to understand the funding available.