Extreme saving – pros and cons of joining the FIRE movement | Money & Life

Extreme saving – pros and cons of joining the FIRE movement The FIRE (Financial Independence, Retire Early) approach to saving and investing is catching on. Find out if living frugally now for a future of financial freedom is all it’s cracked up to be. What is FIRE all about? In a country with a tragic history of bushfires, you’d expect a website called Aussie Fire Bug to be banned immediately. But the FIRE this bug is blogging …

Money Saving Mindset – How to encourage a money-saving mindset in your kids

Money Saving Mindset – How to encourage a money-saving mindset in your kids The right time to teach kids about saving money might be sooner than you think. The surprising truth is, kids form their money habits very early on. Behaviour experts at Cambridge University1 found children’s money habits are formed by the age of 7.     With that in mind, it’s never too early to start teaching your kids how to make good decisions about …

COVID-19: Withdrawing super – what to consider | Money & Life

COVID-19: Withdrawing super – what to consider In March 2020, the federal government announced early access to super as one of their measures to support people experiencing financial hardship during the COVID-19 pandemic. Find out some things to consider when looking at this option to take the pressure off your finances at this challenging time. Throughout March 2020 the federal government has been releasing details of financial support available to Australians who have lost income …

Covid-19: Early Access to Super and FAQs | Q&AMP

Covid-19: Early Access to Super and FAQs The federal government is allowing early access to super funds for Australians impacted by Coronavirus (COVID-19). AMP Capital senior economist Diana Mousina and financial adviser John Dani share the pros and cons, plus what you need to know before accessing your super. Watch to find out if you’re eligible for a lump sum payment under the Australian government’s new early access to super scheme and what the early …

Withdrawing super – what to consider | Money & Life

Withdrawing super – what to consider In March 2020, the federal government announced early access to super as one of their measures to support people experiencing financial hardship during the COVID-19 pandemic. Find out some things to consider when looking at this option to take the pressure off your finances at this challenging time. Throughout March 2020 the federal government has been releasing details of financial support available to Australians who have lost income due …

Market Update 10 April 2020 | AMP Capital

Investment markets and key developments over the past week Share markets pushed higher again over the past week on the back of a declining number of new coronavirus cases in several countries raising the prospect of a relaxation in shutdowns, as policy stimulus measures continued to provide confidence that the economic downturn may be relatively short and as talk of a cut in global oil production boosted energy shares. While Australian banks were hit on talk …

How to retire early

How to retire early Whether you choose or need early retirement, having a plan can give your money the best chance of lasting the distance. Whether lifestyle preferences or circumstances beyond your control are behind your decision to retire early, you’ll need to make a plan to help your retirement savings last, while still enjoying a few of your favourite comforts in life. Here are some retirement planning tips to consider when thinking about retiring …

13 commonsense tips to help manage your finances

13 commonsense tips to help manage your finances   Key points Getting your personal finances right can be a challenge. Here are 13 tips that may be of use: shop around when it comes to financial services; don’t take on too much debt; allow that interest rates can go up as well as down; allow for rainy days; credit cards are great but they deserve respect; use your mortgage (if you can) for all longer …

Early retirement – is it right for you?

Early retirement – is it right for you? International research shows leaving work early may not be so good for your life expectancy. We bring you a checklist of things to consider before you leave work and ride off into the sunset for your happily ever after. Retire early for a longer life? If you’ve already squirreled away enough super for an early retirement, it’s probably pretty high on your list of priorities. But money …

7 tips on how to retire early

7 tips on how to retire early Are you dreaming about early retirement, but unsure how to go about it? You might be surprised to learn that Aussies are retiring earlier, with 25% of men retiring before age 55 and 50% retiring between 55 to 64 years. For women, the figures are higher, with 55% stopping work before they reach 55 and 36% retiring between the ages of 55 and 64 years1. But while these …