If you are aged over 50, male, highly educated, financially literate and manage your own super, beware. You’re at a higher risk of being the target (and victim) of organised investment fraud. This isn’t necessarily because your demographic is particularly gullible. Rather, it’s because you’re more likely to control higher levels of wealth, perhaps as […]
Archive for the ‘Budgeting’ Category
If you think you’d never fall for a scam, read this…
By admin • September 18th, 20198 handy tips for travelling overseas
By admin • September 9th, 2019Even for seasoned travellers there’s a little bit of magic involved in hopping on a plane in Australia today and disembarking in a far-off destination like Istanbul or London tomorrow. For most people their travels will be a safe and wonderful experience, but things can go wrong. While you can’t control everything, a little bit […]
Traps to avoid in retirement – Going too hard too fast
By admin • September 2nd, 2019Retirement: you’ve made it! And one of the rewards for all your hard work is that you can now access your superannuation. Suddenly a world of opportunities opens up – a Caribbean cruise, major home renovations or maybe helping your kids reduce some of their debt. Of course, you deserve to celebrate your retirement, but […]
When to start talking money with kids
By admin • August 29th, 2019If you want your kids to get into good habits with money, when should you start teaching them about it? Are the pre-school years too soon for pocket money and chats about spending money online? Aussies may have a natural reserve when it comes to talking money. But as parents, teaching our kids to be […]
How much Income do you need in Retirement?
By admin • July 2nd, 2019Many people will say that they are dreaming of retirement, but some are not taking the necessary action to make it a reality. In fact, there are not too many people who know the answer to a straightforward question: How much income do you need in retirement? Let’s take a look at what the Association […]
Building your ‘Family Future Fund’
By admin • March 11th, 2019How much does it cost to raise a child? Obviously, the answer is highly dependent on individual circumstances. However, as a guide, a 2013 national study* found that a typical middleincome family would spend about $812,000 on raising two children from birth to age 24. At that time childraising costs were increasing at around 9% […]
What’s your magic number?
By admin • March 11th, 2019According to a recent survey *, Australians tend to underestimate the amount of money needed in our retirement years by as much as 20%. Survey respondents, including active Australian investors, revealed a disconnect between income amounts believed to be needed in retirement, versus their real cost of living. Pre-retiree Australians foresee their base line living expenses […]
When is a good time to retire?
By admin • February 25th, 2019There has been much social and political debate since the federal government proposed pushing out the age at which Australians can access the age pension. Although most occupations don’t have a legislated retirement date, there is little doubt that our tax and social security systems do have a significant impact on when many of us […]
5 common financial mistakes people make in their 40s
By admin • February 25th, 2019The 40s are, for many people, a critical decade for building wealth. Income is usually on the rise, but so are expenses such as mortgages and school fees. Juggling priorities can be a real challenge, and mistakes made in this stage of life can have a large bearing on the size of your future fortune. […]
What will you do with your tax refund?
By admin • December 4th, 2018Thousands of Australians receive tax refunds every year. Some refunds won’t even cover the cost of a pizza to celebrate, however many are quite substantial. If you’re one of the lucky ones, what will you do with your tax windfall? If you go out and spend it, all you’re doing is giving part of it […]