There is often a lot of faith placed in the ability of technology – increasingly AI – to quickly and efficiently solve many financial planning problems. This is particularly the case with retirement income calculators, often considered low hanging fruit...
Q. Help, I’m 76 and want to contribute more to my super, but I’ve been told I can’t! This was the cry for help we received from Albert last week. He had just won $45,000 in a lottery and doesn’t want to spend it. Instead, he would like to put it into his...
Super often gets bad press. That might be from media pundits who expect rolled gold returns year in and year out despite market ups and downs. Or it could come from account holders themselves who find the need to understand the extensive rules very...
What is a retirement bonus? How can you qualify? The topic of retirement ‘bonuses’ comes up a lot. It’s one that can also cause a great deal of confusion, which probably comes back to the use of the term ‘bonus’. Receiving a bonus at work usually means...
A recent ASIC report into so-called ‘superannuation reviews’ has thrown the spotlight on just how risky quick super changes might be. The subsequent ABC TV report on these questionable super ‘review’ services revealed dangerous traps for those saving for...
You may recall in mid-April we shared a preview of 1 July changes to superannuation. Since then we have had many members asking questions about the various ways they might use the new contribution amounts to boost their retirement income. It seems that many...
It’s a very human need to want to know how you are doing compared with other people of your age and stage. It’s not the same as ‘keeping up with the Joneses’ which is a more competitive, status-driven urge. Knowing where you sit in the pecking order is very...
With the approach of the end of the financial year (EOFY) there’s a lot going on. Many retirees are watching and waiting to learn of any 1 July changes to deeming rates which have been frozen since July 2022. It’s anybody’s guess what will happen next, but...
When it comes to retirement, forewarned is forearmed. This is definitely the case as we approach the End of Financial Year (EOFY) when many rules will change. Today we are sharing updates on five different super rules that may affect your own financial...