Econosights – the AI threat
The release of ChatGPT in late 2022 is renewing concerns around machines taking over human jobs. We look at the potential impact of Artificial Intelligence (AI) on the global economy in this Econosights.
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What’s worth more – your belongings or your livelihood?
What’s worth more – your belongings or your livelihood? At least one in five of us will be unable to work due to injury or illness in our lifetime, yet we’re still more likely to insure our car than our most important asset–ourselves. You might have the attitude ‘she’ll be right’ but looking at the statistics, there is more chance of something going wrong than you might think. Over 80% of Australians insure their …
Should I take my super as a lump sum or not?
Should I take my super as a lump sum or not? When it comes to accessing your super, it’s important you make the right choice. You’ve spent your working life accumulating super. So when the time comes, are you better off taking a lump sum, regular income or both? Let’s weigh up the alternatives so you can start to consider what may be best for you. So should I take my super as a lump …
Should I take my super as a lump sum or not?
Should I take my super as a lump sum or not? When it comes to accessing your super, it’s important you make the right choice. You’ve spent your working life accumulating super. So when the time comes, are you better off taking a lump sum, regular income or both? Let’s weigh up the alternatives so you can start to consider what may be best for you. Taking a lump sum If your super has been …
Inheritance or unexpected windfall
Inheritance or unexpected windfall What to do with some unexpected extra money? Although windfalls may be unexpected, if and when they happen, how do you make sure you make the most of them? And, when it comes to inheritance, how do you know if there are any special obligations or considerations that apply? Common questions to consider Some questions you may wish to consider include: What are my options? Do I have to pay …
Redundancy
Redundancy This can be a rather unsettling period as there are many factors to consider such as the loss of your job, the prospect of having to look for a job, ensuring your finances are met and the lump sum payout you will receive. It may seem tempting at first to blow your payout on that big holiday you have always wanted to go to but what if you don’t have any income for a …