Key takeaways Retirement can cause a range of emotions so it’s important to not only prepare yourself financially but also emotionally Regular exercise has many health benefits including reducing the risk of chronic diseases. It’s also one of the best remedies for improving mental health Regularly engaging in intellectual activities can help improve cognitive function, … Read more
How much tax you pay on your super contributions and withdrawals depends on: your total super amount your age the type of contribution or withdrawal you make If you inherit someone’s super after they die, the person’s super fund pays you a super death benefit. You may have to pay tax on some of this … Read more
Think you have been scammed? These steps will help you take action quickly to stop the scammers and limit the damage. Know that you are not alone and you can recover from this. There is support available, if and when you need it. Act fast if you’ve been scammed If you’ve been scammed, follow these … Read more
Key takeaways Create a budget: aim to make it an accurate description of how your finances work. See where you could be spending more or spending less. Create an emergency fund: putting aside even $50 a month can really add up. Be honest with yourself: you need to name the spending problem to figure out … Read more
Many Australians now technically qualify to be certified as a sophisticated investor, but what are the benefits and risks? Sophisticated is a word that can have a wide range of connotations. In the subjective sense it may be used to describe people considered to be well educated, knowledgeable and experienced. But there is an entirely … Read more
Before you retire If you’re planning to retire, you need to consider: your age including if you have reached your preservation age when you can access your super how much tax you will pay on amounts you receive if good leaver conditions apply if you are part of an Employee Share Scheme if the retirement capital … Read more
Key takeaways Super calculators can help determine how much you’ll have saved by retirement by evaluating your current super contributions and what you intend to contribute over time Retirement income calculators can help you estimate how much income you’ll have in retirement based on your current super balance and expected investment returns Investment calculators can … Read more
The rising cost of living is grabbing all the attention right now as people struggle to pay the increasing prices. But in the meantime, our collective wealth has been growing steadily and is being transferred to the next generation at increasing rates. In fact, the value of inheritances as well as gifts to family and … Read more
Key takeaways Scammers target people looking for romantic partners, often via dating websites, apps or social media by pretending to be a potential partner. They take advantage of emotional triggers to get a victim to provide money, gifts or share personal details. Scammers often encourage a victim to initially transfer a small amount of money … Read more
There’s a common misperception that in order to start investing, you need a large initial sum and lots of time. Here’s why that’s a myth. Investing can seem like a daunting task, particularly for those who think they lack the time and resources to start. A study has found that many Australian investors think they … Read more
Take some of the guesswork out of planning for the future. Work out how much super you’ll have when you retire, and if it will be enough to fund the lifestyle you want. It’s never too soon to start planning for a better financial future. Estimate how much super you’ll have You probably know how … Read more
Interest rates are an important financial lever for world economies. They affect the cost of borrowing and the return on savings, and it makes them an integral part of the return on many investments. It can also affect the value of the currency, which has a further trickle-down effect on other investments. So, when rates … Read more
