Millennials and money: what does the future hold? | Money & Life

Millennials and money: what does the future hold? With the rising cost of housing, an aging population, climate change and now a pandemic falling squarely on the shoulders of Australia’s millennials, how is this generation faring financially? The first millennials (born between 1981 and 1996) are turning 40 this year. Still, despite more than twenty years in the workforce, it seems their financial wellbeing isn’t guaranteed. A Commonwealth Bank study has found that almost two thirds (61 …

Frugal February – how much could you save?

Frugal February – how much could you save? It’s the shortest month of the year so what better time to make a change and save some money? We’ve got three tips for each of the next four weeks to help those dollars pile up in Frugal February. Week 1 – the same lifestyle for less In week one, we’re easing you into the swing of saving with some good financial habits to get you into …

Upgrade or Renovate? | Q&AMP

Upgrade or Renovate? Are you running out of space or yearning for a change of scenery? In this episode of Q&AMP, we consider the tough decision to either move somewhere else and buy something new or to renovate your existing home. AMP Capital Senior Economist Diana Mousina is joined by Tim Lawless, Research Director at property analytics company CoreLogic to discuss the pros and cons of renovating or moving home and what to look for …

How leaders can embrace change | Money & Life

How leaders can embrace change The recent pandemic has seen the way leaders direct and manage their teams change. Dr Ty Wiggins outlines how leaders can take a proactive approach to this time of transition. It is an understatement to say that COVID-19 has changed the world we live and work in – from the health threat to the changes in buying behaviour to the acceptance of working from home. The changes in our society …

How to prepare for retirement both emotionally and financially | Q&AMP

Retirement is a new and exciting chapter of life. As with any major life change, it’s important to have a retirement plan that prepares you both emotionally and financially for what lies ahead. AMP Capital Senior Economist Diana Mousina and AMP Workplace Education Manager Jess Arambulo discuss why you should spend time preparing for retirement and learn the strategies to employ when adjusting to retirement life. Watch for practical tips on how to prepare for …

Covid-19: Navigating the changing business landscape | Q&AMP

Coronavirus (COVID-19) continues to change the financial landscape, causing significant financial hardship to many small and medium-sized businesses across Australia and around the world. AMP Capital senior economist Diana Mousina and certified financial planner and CEO of Navweath Financial Services, Craig Banning discuss how small and medium enterprises impacted by COVID-19 can best navigate the changing times. Watch to find out what government financial support is available for eligible businesses, how small businesses can retain …

Five, four, three… it’s not too late to get more in super

Five, four, three… it’s not too late to get more in super There’s a small window left before new rules stop you from adding as much to super as you can right now. It’s crunch time. Time to get advice before super as we know it changes. From 1 July 2017, new laws will limit the amount that goes into super across the board. And that means you need to be prepared and you need …

Changes to the Age Pension assets test

  Changes to the Age Pension assets test The government’s recent changes to the Age Pension could affect your ability to plan for a comfortable retirement. Recent reports[1] suggest that more than 300,000 Age Pensioners will have at least part of their pension cut, with just under 100,000 of these people losing all Age Pension entitlements, taking effect from January 2017.  The Age Pension and assets test explained The Age Pension provides income support and …

Get ready for the first year of retirement

Get ready for the first year of retirement Will you be a honeymooner, a go-getter or a relaxer? The first year of retirement is one of transition in which you will need to adjust to major changes that can bring big rewards. Some of the changes may include; preparing mentally for the shift to not working full-time, adjusting to not getting a regular salary, ensuring your money can last for about 30 years and keeping …