This is always a common question I get asked, and the answer is different for each client. How long you will live, what investment returns you will achieve and what lifestyle do you want in retirement? These are major factors in determining the answer to how much you need in retirement.
Identity theft is a fraud where someone pretends to be someone else and either steals money or gains some other benefit. It can have disastrous consequences but there are some simple steps which will lower the risk of you becoming a victim.
The 2021 Federal Budget, delivered on 11 May 2021, is likely to be the last Budget before the next Federal Election is held. As such, the Budget was designed to keep the electorate favourably disposed towards the incumbent government. Everyone is a ‘winner’.
As a Financial Planner there is one thing I consider to be the most important starting point for anyone wishing to plan for their future. It sounds exciting, but I’m afraid it’s not. It’s actually pretty boring, and tedious; which is perhaps why so few people actually do it… budgeting.
Each State runs their own Seniors Card program. The WA Seniors Card is a very hand card to have … Eligibility If you meet the below criteria then you should be eligible for the West Australian Seniors Card: Aged 63 or more The eligibility age has been gradually moving to age 65. For…
A lot of people google ‘financial consultant near me’. Why? …
In what should be welcome news to Australians planning for their retirement, the amount we can contribute into superannuation is about to increase. This is because the super contribution caps (limits) are increasing.
Both concessional and non-concessional contributions are payments made to a superannuation fund, however they are taxed differently. There are also different contribution caps for each type.
If you have converted your superannuation accumulation account to a pension account then you must start making withdrawals from the pension account. This article details what the minimum pension payment rates are and how they differ depending on your age.
Salary sacrifice is a tax effective way to increase your superannuation balance. In essence it involves voluntarily sacrificing some of your salary into your superannuation account. This article highlights important things to think about, including advantages and disadvantages, before you salary sacrifice. Please note, this blog post covers salary sacrifice into superannuation; it…