Posted in Retirement
on 15 September 2021
The True Cost of Aged Care
When it comes time to investigate residential aged care for yourself, your partner, parent or relative, the search for a facility and how to pay for it can seem daunting. The system is complex, and decisions often need to be made in the midst of a health crisis.
But with multiple ways to pay for aged care, it’s possible to focus on finding the facility that best suits your loved one, rather than just the cost.
Factors such as location to family and friends,...
on 11 August 2021
When the coronavirus pandemic hit financial markets in March 2020, almost 40 per cent was wiped off the value of shares in less than a month.i Understandably, many investors hit the panic button and switched to cash or withdrew savings from superannuation.
With the benefit of hindsight, some people may be regretting acting in haste. Although for others, accessing their super under the early release due to COVID measures was a difficult but necessary decision at the time.
As it happened...
on 12 May 2021
Investing in recovery
In his third and possibly last Budget before the next federal election, Treasurer Josh Frydenberg is counting on a new wave of spending to ensure Australia's economic recovery maintains its momentum.
As expected, the focus is on jobs and major new spending on support for aged care, women and first-home buyers with some superannuation sweeteners for good measure.
With the emphasis on spending, balancing the Budget has been put on the back burner until employme...
on 17 March 2021
How Financial Advice can pay good dividends during tough times
In a period of market instability due to COVID and low interest rates, many investors are struggling to know where to invest. For those at or nearing retirement, the struggle is even greater. Cash and term deposits used to be considered a safe haven, but with interest rates at historical lows, more investors are being pushed to consider alternative investments.
It may be tempting to jump on the latest trending in...
on 9 December 2020
Granny flats: Tax tips and traps
The idea of adding a granny flat to your property sounds like a great idea. A property to rent out to generate some welcome extra income, or a home for adult children or mum and dad in their later years.
But there are important tax and personal considerations to consider before taking the plunge and digging up the backyard.
Although the Federal Budget proposed significant reform in this area (which we cover later in this article), important tax questio...