nAccording to ASFA (Association of Superannuation Funds of Australia), around 80% of the population aged 60 and over who died between 2014 and 2018 having no super left in the 4 years period before their death. n n n Having investment income outside the super is necessary to ensure you will retire comfortably. For this to happen, you will need
At RBA meeting on 2 March 2021, Monetary Policy Decision was to maintain the cash rate and 3-year Australian Government bond at 0.10%. n n Due to the COVID-19 vaccine roll out, the global economic outlook is looking better than it was a few months ago while higher U.S longer-term bond yields have been noticed. n n Australia's economy is
According to an Australian Government source in 2019, the average age of a person moving into a Residential Aged Care is 82 for men and 84 for women. However, people need some sort of support before that age. n n Australian Institute of Health and Welfare indicates that a person currently aged 65 could expect 17-25% of their remaining years
Risk Tolerance is the level of risk that an investor is comfortable with. Risk tolerance (sometimes called risk aversion) shows how much investment loss an investor will accept. It is crucial to understand your risk tolerance, and a professional assessment can determine this. n n There are three levels of risk tolerance that classifies investors: n 1. Conservative Investor n
Investing in Real Estate has become as popular as many other traditional Investments. Real Estate investment includes both residential and commercial. In Australia, Real Estate investment has been on the rise for about 10 years. In other countries, depending on the property’s demand and supply, this investment is considering a traditional way to create wealth. n n It is important
Most people think it is more important for kids to study academic subjects at school than learning about money, savings, and investment. Or you may think it is too early for them to learn, etc. n n You have seen kids who spend an extensive amount of money with no hesitation. You have seen some kids who do not have
Overconfidence is one of the investment decision-making enemies. The overconfidence can lead people to make a wrong decision when believing that their investment will definitely or highly likely to produce the best potential income.nWhy are so many successful investors while many others failed?nWhat can investor do to avoid this common mistake? What are successful and unsuccessful investors doing with their
At 50 years of age, retirement planning will give you a clear picture of how financially prepared you are, whether your savings and investment are enough, if you are over or under insured and what steps you need to take.nMy Solution for you:nLearning how to plan your retirement is an exciting journey! Again, investing in your own financial knowledge is
Starting a family is a big decision in anyone’s life. Your life will transform once you have your own family with a new baby. n Asking around for the baby’s nursery, cot and food recommendation from friends, colleague and estimating the cost of raising a baby might not be enough. n Here are some steps that you can consider taking
Article by Jennifer T. n n What steps should you take when you lose your job? n n Step 1: Don't panic! This is a common stage in one's life and it can happen to anyone. Even though it is not a nice experience but unfortunately it DOES happen n n Step 2: Quickly check with your Human Resource department/