57 years apart: A boy and a man talk about life

This video shows the perspectives of a boy and a man as they sit down together to discuss life and their perspectives of it. They provide each other with some friendly advice among the conversation.

What would you do if you were given the chance to talk to your younger self? Would you try and provide some advice to change one or two decisions you made in life? From a personal advice point of view, some key topics that might pop are: investing at a young age, planning for retirement earlier, reducing debt faster, and having a better work/life balance.

If you’re having trouble seeing the forest for the trees, remember to take a step back and evaluate what you really want. Ask for help from your professional advice team members regarding the creation of a roadmap, then start to make the move towards where you want to be. Most importantly, while planning for success, make sure you enjoy the most important part, the journey of reaching your goals and dreams.

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The pitfalls of DIY will kits

Recent research has found that approximately 45% of Australians* pass away without an ‘inestate’ or, as most know it as, a will. The word intestate is derived from the Latin […]

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Interest rate predictions in 2017

The Reserve Bank of Australia (RBA) has essentially three main responsibilities which include the following: 1. the stability of the currency of Australia; 2. the goal of full employment in […]

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What is Annuity?

Along with superannuation pensions, investment income and Age Pension entitlements, there is another option available when planning for retirement. Another strategy available, depending on your circumstances, is an annuity. We explore a number of considerations when it comes to utilising annuity in your overall plan for income needed in retirement.

Of course, there are pros and cons with annuity investment, as there are with any. These include the risk vs return, looking at tax considerations, liquidity and longevity risk and individual considerations. By having a discussion with your financial adviser you can understand the implications of any decision(s) that you do end up settling on as well as make sure that it aligns with your retirement goals and objectives.

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Medicare & private health insurance

Private health insurance seems to be an ongoing debate among Australians, especially when a premium increases come to the forefront each year. Premiums for private health insurance increased by a […]

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Google: Year in Search 2016

It was an eventful past year in the finance world. Let’s look at some of the top changes that occurred in 2016:

    Interest rate cuts by the RBA has left the current interest rate at a record low of 1.50%

    The ASX200 opened at 5,295.90 (04/01/2016) and closed at 5,665.80 (30/12/2016)

    Superannuation assets reached $2.1 trillion

    The combined capital city dwelling values, rose by 10.9% – with Sydney taking the top spot with a 15.9% rise in capital value.

Not to mention on a broader scale, Britain’s voted to leave the European Union (Brexit) and American’s opted to elect Donald Trump as their new President for 2017.

To conclude the 2016 season, we though you’d enjoy this short video looking back at all of the milestones in the past year. Take time to look back on all of the milestones that you have personally reached in 2016 and consider your future goals and objectives.

We trust that 2017 will be a great year for you.

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Trauma: Exploring beyond the big four

Trauma insurance is a type of personal insurance designed to assist you financially if you suffer a life changing medical event. It potentially meets a gap that exists between your […]

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SMART budgeting

Have you set up a resolution, just to watch it fail? This happens to many people and it may be due to a combination of factors and unrealistic expectations, ill-defined […]

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Salary Sacrifice

Salary sacrifice may be something that you have already heard of, but do you really know what it means? More importantly, do you know if it could be the right choice for your financial planning?

In our animation, we consider the tax-effective and wealth accumulation benefits of entering into a salary sacrifice arrangement with your employer.

It is important to note that everyone’s financial situation is different, so the benefits of salary sacrifice (as well as the arrangements offered by your employer) will differ from person to person. While salary sacrificing into super is a tax effective way to build your retirement nest egg, you should consider your net cash flow and any other arrangements you currently have in place.

In addition, there are other super strategies available also such as co-contribution, spouse contribution or superannuation contribution splitting. Note, from 1 July 2017, you may be able to make personal tax deductible superannuation contributions in addition to or instead of salary sacrificing.

It may be a good idea to talk to your adviser if you wish to explore salary sacrifice to understand the ‘ins and outs’ of the strategy. We are always here to help you.

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