Where to seek advice in uncertain times | Money & Life

Where to seek advice in uncertain times The COVID-19 pandemic is a global crisis and people the world over are experiencing impacts in their lives as a result. To keep your anxieties about money to a minimum, find out where you can turn for help to secure your finances and income. 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 …

Getting cash flow under control for retirement | Money & Life

Getting cash flow under control for retirement When you compare your current lifestyle, expenses and savings with what you’re planning for in retirement, does it all add up? Find out why it’s important to balance your cash flow now with the super savings you’re going to need in retirement. Living from pay cheque to pay cheque is something that many Australians are used to doing. In fact, based on levels of personal debt, quite a …

Role-reversal: When parents are relying on you | Money & Life

Role-reversal: When parents are relying on you As your parents get older, your whole family will be facing lots of changes. Supporting them during this time can be challenging, with lots of choices to be made. Get some tips to help you prepare for this role-reversal without it becoming a burden or a cause of family conflict. In the later stages of life, many seniors want to stay independent for as long as possible, but …

Corporate or individual trustees: An SMSF conundrum [CPD Quiz] | Money & Life

An examination of the advantages and disadvantages of establishing a SMSF with a corporate trustee structure or individual trustee structure. It is generally accepted that a self-managed superannuation fund (SMSF) must typically be established with either a corporate trustee structure (where all members are directors of the corporate trustee) or with individual trustees (where all the members are also individual trustees of the fund). In many cases, the decision to use individual trustees instead of …

Kids off the kerb | Money & Life

Troy Rosenlis AFP® is seeing the positive benefits that education, work experience and training is having in breaking the cycles of dependency for disadvantaged youth in Melbourne. Grant recipient: Kids Off The Kerb Grant amount: $8,000 Endorsed by: Troy Rosenlis AFP® FPA Chapter: Melbourne With a five year involvement with Melbourne-based not-for-profit, Kids Off The Kerb, Troy Rosenlis AFP® didn’t have to think twice about endorsing this organisation for a 2017 Make the Difference! Grant, …

Health and holistic financial advice [Free eBook] | Money & Life

As financial planning professionals, it can be easy to confine our advice and interactions with clients to topics related directly to money and finances – after all, that’s what usually gets them in the front door! But as our relationships with clients hopefully grow over time, and we become more familiar with their personal circumstances, ambitions and what is holding them back from achieving their goals, it makes sense that we start working with them …

A guide to retirement in Australia | Money & Life

A guide to retirement in Australia | Money & Life Many of us think of retirement as a given – you work hard for your middle years, and then you get to bow out of the workforce and enjoy a well-deserved rest, take those bucket-list trips and enjoy the best life has to offer. After all, you’ve made your contribution and now you’ve earned the right to kick back. But unfortunately, retirement isn’t that simple …

Borrowing money: When and how to do it right | Money & Life

We all know getting into debt isn’t really desirable. So are there times when borrowing is justified? And what’s the best approach to keeping repayments within reasonable limits?   We spoke to Sandy Hopps CFP® from Strategic Planners to get expert advice on smart ways to borrow money. Recent reports and statistics show we’re no strangers to debt in Australia. According to OECD data from 2015, Australia is 4th in the world – behind Denmark, the …

The skills you need for big money choices

The skills you need for big money choices Even when you’ve got the skills to budget for your household, making big financial decisions can seem beyond you. You might feel like you lack the knowledge or confidence to plan for your financial future, instead of just managing day-to-day. So just what is that holds you back from getting in control of your finances and feeling confident about your future? In a 2018 report from UBS, …

Caring for our elders at Christmas

Caring for our elders at Christmas We can all feel the pressure on our household budget during the festive season. But when that pressure gets passed on to older family members as a request for a handout or loan, financial abuse can end up being the outcome. Find out more about elder financial abuse, what to watch out for and what to do about it. What is elder financial abuse? According to the World Health Organisation, …