What are managed funds? You’ve probably heard friends or family say they have invested in managed funds, but what are these, how do they work and are they right for you? What is a managed fund? A managed fund is run by a professional fund manager, who pools together money from individual investors to invest in assets. There are many types of managed funds. Each will have a specific investment objective, usually focused on different asset …
Relationship rules for your finances (Video) Your relationship might be rock solid. But any romance can come unstuck when you fall out over money. Keep those financial squabbles at bay with our friendly guide to joint finances. If you have a question you’d like answered by a professional financial planner please email us at [email protected]. We’d love to hear from you. This video contains general financial advice only. It is provided by an Australian Financial …
The four steps to a better retirement Today, with Australians living longer and healthier lives, the concept of retirement is much different to what it was only one generation ago. For each retiree, retirement is different. Typically, there are four areas that need to be considered to help you better understand your retirement goals and objectives. The four steps to a better retirement. These are: Define your retirement vision; Understand your cash flow requirements; Clarify …
5 tips for a stress-free conversation about your Will No one likes unpleasant surprises. Talking about your Will with your family can be stressful, but it can also help to avoid a worse situation when you are gone. Contemplating one’s own death can be hard and in many families, talking about money or inheritances is taboo. Some parents worry that letting their children know how much they stand to inherit may cause a sense of entitlement or …
Does a part-time job in retirement work for you? Maybe you can’t wait to give up work forever. But having a part-time job in retirement offers health and income benefits that could make it worth considering for your future lifestyle. Boosting your super For many people in their retirement years, one of the most compelling reasons for continuing with paid work is to make ends meet. According to a recent research report from the Association …
Getting in shape to start your own business Many of us dream of starting our own business, but to most it remains just that, a dream. We fantasise about what “being our own boss” would be like, after another run-in with the boss at work, or just the tedium of being in the same job, year-in, year-out, and starting to loathe every minute of it. To turn your dream into reality, there is much preparation …
Keeping tabs on your super investments It’s important to get your investment strategy right with super. Keeping tabs on your super investments. Reviewing your portfolio regularly and getting advice can make all the difference to your savings and income for retirement. We talked to CERTIFIED FINANCIAL PLANNER®professional Matt Torney from Muirfield Financial Services about how to make sure you’re taking the right approach with your super investments. What sort of questions can help you determine your …
When is the right time to downsize? Downsizing from a larger family home to somewhere smaller can be an obvious choice when retirement is on the cards. For others it’s a necessity and something they do reluctantly. So when it comes to timing your decision, what’s the right approach to getting the best outcome for you and your finances? When is the right time to downsize? We talked to CERTIFIED FINANCIAL PLANNER® professional Anne Graham, principal …
Balancing career, family and time (Video) Australians who are living their dream are planners. They believe in their ability to create the life they want and they are not afraid to ask for help or seek advice. Balancing career, family and time …. Here Christina and Richard Taylor explain how meeting a financial planner opened their mind to new possibilities for their careers, family and love for travel. If you have a question you’d like answered …
Advice for the sandwich generation Many people approaching retirement with elderly parents and adult children are feeling the pressure on their time and finances. Find out why it’s important to put your own wellbeing first. Thanks to the twin trends of growing life expectancy and rising house prices, more and more people are finding themselves joining the ranks of the sandwich generation. Recent estimates put the number of Australians in the sandwich generation at more …
