Get real: how we delude ourselves about investments In 1988, I bought $750 worth of special $5 coins, minted to commemorate the opening of Australia’s Parliament House. I figured it was a one-way bet to investment success. They were legal tender costing $5 and would always be worth at least $5, and if they became sought-after by collectors, the sky was the limit. I found the box of coins recently while cleaning the attic. They …
How Australians will use their tax return With nearly one in three people planning to save their tax return, have you considered what you might do with yours? This year more than 75% of Australians expect to receive a tax return, with a large portion of the population planning to use the money they receive to take the edge off their financial commitments.i We look at the most common ways people intend on using their …
How can I make sure I have enough Super to retire on? (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, “How can I make sure I have enough Super to retire on?” If you have a question you’d …
How can I protect my super in retirement? (Video) Andrew Donachie CFP® Andrew Donachie is the National Financial Planning Manager at First State Super. Andrew has 12 years’ experience as a financial planner and is CFP® qualified. As part of the Financial Planning Association’s Ask a Planner video series, Andrew Donachie CFP® answers the commonly asked question, “What are some of the options to protect my super in retirement?” If you have a question …
How much super should I have at my age? We look at the average super balances for different age groups in Australia so you can see how your super savings compare. A healthy super balance can be a key ingredient in being able to live the life we want in retirement. But for many people, retirement is a long way off, and it can be hard to know if your super is on track. If you’ve …
See how you can cash in on government co-contributions If you’ve made an after-tax contribution to your super fund, you might be eligible for a co-contribution of up to $500 from the government. Did you know the government may add up to $500 to your super fund, if you’re a low to middle-income earner who has made an after-tax contribution to your super? If you’d like to know more, we explain how government co-contributions work, …
How a planner can help you invest ethically Believe it or not, you can grow your retirement nest egg and do good at the same time, especially with the help of a good financial adviser. A website recently launched by the Responsible Investment Association of Australasia (RIAA) reveals the wide choice of ethical and socially responsible investment options available in Australia and New Zealand. Many of these options are offered by well-known and experienced investment managers, but their approaches …
How Australians save money Of those who make a savings resolution, 85% have a specific target in mind.(1) Average savings target is $11,234(1). Top 3 savings goals(1) 53% holiday 46% rainy day fund 40% buy or renovate a home. Other top money goals(2) Build wealth for retirement Pay off debts Set up a budget Get debts under control Invest in shares, bonds or commodities Buy an investment property. Top reasons people break financial resolutions(1) …
