What to consider when making a sea change Retirement is a major life change, as is moving to a new place when you retire. Even though you might have previously visited the area you plan to go to, it may have been during a holiday, which is not a realistic test of what living in the area permanently will be like. Lacey Filipich is a Perth-based independent financial educator. Through her business, Money School, she …
Get back what you put in – the power of investing in yourself What do you really want out of life? Investing in yourself is an important way to prepare for achieving your personal goals. Here are 5 ways to make sure you’re ready to meet the future as your very best self. 1. Take care of your body and mind Being in poor health can make almost anything feel like an impossible challenge. That’s …
Philanthropy – not just for millionaires. A win for your health! You don’t have to be Mark Zuckerberg or Bill Gates to be a philanthropist or to enjoy the benefits of altruism. Even if you don’t have much money to spare, you might make a bequest in your will for your favourite charity or other causes you believe in. You could also lend your time, knowledge or expertise to a worthy charity, or donate items …
Salary sacrifice: A lot less painful than it sounds Maybe you’ve heard about salary sacrifice as a way to increase your retirement savings. But did you know it can be a very tax-effective way to make voluntary super contributions? Find out how you could boost your retirement savings and pay less tax all in one go. What is salary sacrificing to super? In very simple terms, salary sacrificing into super means paying an amount from …
As a small business owner, do I need a Plan B for retirement? (Video) Alexis Wheatley CFP® As Principal of Wheatley Wealth Management, Alexis provides high-quality strategic advice to help her clients create and preserve their wealth. As part of the Financial Planning Association’s Ask a Planner video series, Alexis Wheatley CFP® answers the commonly asked question, “As a small business owner, I see my business as my retirement nest egg. So why would I …
Getting ahead with your superannuation when you’re self-employed If you’re self-employed in Australia, there’s a good chance your retirement savings aren’t all they could be. In fact, research from the Association of Superannuation Funds of Australia (AFSA) found in the run up to retirement, the self-employed have around half the superannuation of employees. We talked to CERTIFIED FINANCIAL PLANNER® professional Dacian Moses, financial planner at Waterfall Way Associates, about strategies for the self-employed to get on …
Your money goals and how to reach them It’s easy to have big ideas about your financial future, but harder to achieve them. As most dieters know, you can follow the best dieting program, but struggle to stick to it. The same is true for your financial goals, whatever they include, and the plan you draw up to achieve them. Even with the best intentions, it’s easy to fall “off the wagon”. Life is full …
How can I prepare my finances for having a family? (Video) Louise Lakomy CFP® Louise has a wide range of experience and depth of knowledge in all facets of financial planning providing advice over 15 years specialising in retirement strategies. As part of the Financial Planning Association’s Ask a Planner video series, Louise Lakomy CFP® answers the commonly asked question, “What can I do financially to prepare for having a family?” If you have …
Financial planning for business owners With the freedom you get from running your own business comes the responsibility for generating your own income and building your enterprise into something you can retire on. We talked to CERTIFIED FINANCIAL PLANNER® professional Steven Monaco, Associate Director at Hood Sweeney, about how financial advice can help you look forward to a better future for you and your business. Why is good financial advice particularly important when you run …
What is an asset class? If you are starting to invest, you are sure to come across the term “asset class”. Don’t panic! You’ve probably heard of the different asset classes under their real names: cash, bonds, property and shares. An asset class is simply a group of investments that share similar characteristics, behave similarly in the market and are subject to the same rules and regulations. Most importantly, each asset class comes with different …
