Jim and Sharon, a couple in their 40s with two teenage children, were living an active and healthy lifestyle. Their financial plan was straightforward: work hard into their mid-50s, then retire at 60 to travel the world. But one weekend turned their plans upside down. On the way to a kids’ sports event, Jim suddenly […]
26
Jul
Jul
Are you aiming for significant life goals, such as purchasing a home or achieving early retirement? A crucial first step is to manage your spending wisely to enhance your savings and investment efforts. Here are some financial errors you might be making that could have significant consequences: 1. Excessive Cash in a Savings Account Many […]
15
May
May
During his address on the 2024 Federal Budget, Treasurer Jim Chalmers emphasized, “The number one priority of this government and this Budget is helping Australians with the cost of living”. But what precisely does this mean? Let’s look into the details of the proposed measures in the 2024 Budget. An average tax cut of $1,888 […]
14
Dec
Dec
One of the most frequently asked questions directed at financial advisors is, “How can I increase my retirement savings?” Many individuals dedicate themselves to maximising their savings, often fearing they might outlive their financial resources. While this dedication to saving is commendable, it’s crucial not to become overly consumed by working additional hours or taking […]
13
Oct
Oct
FIRE… Financial Independence, Retire Early. Sounds nice, doesn’t it? It’s easy to see why the FIRE movement is burning hot across the younger generations. The notions of financial independence and early retirement are surely appealing to the majority. But as with most good things, it comes at a price, and it’s important to weigh up […]
05
May
May
Becoming a parent is an exciting time of adjustment and upheaval; how could such a little person create so many changes – and sleepless nights? But lack of sleep shouldn’t be caused by financial worries and reduced household income. When Jessica a florist, and Daniel an IT manager, decided to start a family, like everyone, […]
02
Feb
Feb
Personal insurance here means the insurance provided by life insurance company in Australia. It is designed to protect you and your loved ones from the financial consequences of death or disability. They reduce the impact of risk on your financial lifestyle. They, therefore, form an important part of most financial plans. Here’s a brief overview […]
21
Dec
Dec
There has been an alarming increase in Australians being scammed after combined losses of over $2 billion reported in 2021 which might double this year[1]. The ACCC’s Scamwatch received more than 166,000 reports between January and September this year, a 90 per cent increase in losses to $424.8 million over the same period last year. Many […]
28
Oct
Oct
Amid an environment of rising inflation, interest rates, and cost of living, along with continued labour shortages and supply chain issues, Dr Jim Chalmers delivered the Albanese government’s first budget on Tuesday 25 October 2022. Looking at the numbers The Treasurer revealed a $36.9 billion deficit (1.5 per cent of GDP), well under the $78 […]
26
Aug
Aug
Looking forward to an enjoyable retirement? Check out our top 10 tips to make sure you’re on track. Tip 1: Take stock How do you want to live in retirement? How much will it cost? Do the numbers. Now, what does your super balance look like? Do the figures meet your expectations? If not, what […]