Under 40 and broke: Why young people need financial advice more than ever With increasing debt and falling home ownership among the under 40s, their financial prospects are less than rosy. If this trend is set to continue, young people are going to be needing financial advice more than ever to help them make the best choices for a secure future. There’s been a lot of talk in recent years about how much better off …
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 …
Easing the strain for the sandwich generation By Paul Clitheroe AM The 2015 Intergenerational Report (IGR) confirmed that the majority of us can expect to live longer than people in previous eras, but it’s the so-called ‘sandwich generation’ who may feel the squeeze financially. The sandwich generation are those baby-boomers, usually aged in their fifties and sixties, who are caught between caring for elderly parents and supporting adult children who may be studying or …
Intergenerational wealth transfer Intergenerational wealth transfer – or in simpler terms, passing on assets to your family, can be, and often is, a huge issue for all family members concerned. If done well and executed properly, it can make a real difference to the financial position of the recipients. If misjudged or poorly handled, it can cause enormous grief, fights and resentments that are never forgotten nor forgiven. What’s involved? The first step you …
