Planning to avoid financial mistakes Selling shares when prices have tumbled or buying a house at the height of a property boom only to dispose of it when the market falls are among the financial set-backs that can happen to anyone on the road to retirement. Everyone makes mistakes during their investment lifetime; the trick is to avoid them when you can and learn from the ones you can’t. Have a plan Failing to plan …
Superannuation and the financial ties that bind They say, only one thing in life is certain. And while we would rather plan our next holiday than consider what’s going to happen when we die, it is one inevitable event that we should all plan for. When someone dies, it’s a very difficult time for all the family. A Will provides some assurances as to how our money will be distributed. But what about superannuation? …
Living longer, working longer and super balances larger Australians with the best life expectancy in history will have to work longer in order to be able to fund their retirement. But research has found only half of all working Australians will be healthy enough to work in to their golden years. The latest AMP.NATSEM report, Going the distance: Working longer, living healthier, has found the majority of Australians have less than a 50 per cent …
Women need a plan for ‘early’ retirement We know women generally live longer than men, but new research shows the majority of Australian women are unlikely to work past the age of 65, making it more important than ever for them to take control of their finances early and plan appropriately for life after work. The latest AMP.NATSEM Report, Going the distance: Working longer, living healthier, has revealed the gender gap in the Australian workforce …
Saving is a family affair You eat together, play together and live under the same roof – so why not save together? While many parents bear the brunt of their brood’s finances, it’s a good idea to consider making household saving a family affair by involving kids in the process. With the cost of living on the rise, many Australian families are finding it hard to keep up with today’s growing list of expenses. …
Four ways to make more retirement hay while the sun shines The latest AMP.NATSEM report, Going the distance: Working longer, living healthier, has found that although the pension age may rise to 70 if the Government’s proposed legislation passes, many people in their 60s simply aren’t going to be healthy enough to work that long. The report found that in 2035 one in four men and one in five women aged 60-69 are expected to …
Government pulls back on proposed changes to super The government has announced changes to three key 2016 Federal Budget proposals—the most significant being that it would not go forward with its proposal to introduce a $500,000 lifetime cap on non-concessional (after-tax) super contributions. In a nutshell the new proposals include: From 1 July 2017, the existing annual cap of $180,000 on after-tax super contributions will be reduced to an annual cap of $100,000. The proposed …
Put your backyard to work Across Australia, the granny flat is currently experiencing somewhat of a construction boom. And it’s not hard to see why. Rising property prices, coupled with an ageing population, have resulted in an increased demand for multi-generational and multi-dwelling living. These popular and relatively affordable buildings offer considerable lifestyle benefits for homeowners. At an average cost of $100,000i, they can be used as a home office, a teenage retreat or even …
Financial advice We’re committed to helping you achieve your financial goals Why AMP… Why FinancialPartners (Tas)? FinancialPartners (Tas) are AMP financial advisers, we are committed to providing you with quality financial advice and services based on your needs, goals and current situation. What makes us different? FinancialPartners (Tas)… We are part of AMP Australia’s largest financial adviser network, with more than 4,400 aligned and employed advisers across Australia. We provide training, support, research and ongoing development …
Ways to grow your Super, Value of Advice and More 1. Five ways to grow your super Are you looking for ways to boost your super account balance? Watch our video (3.01) and hear how Greg Elias, an AMP Client Adviser, explain five ways his client could grow their super to save for a comfortable retirement. He discusses five ways to grow super: 1. Bring together all your super accounts 2. Choose your super fund …
