As the end of the year approaches yet again, you might be reflecting on how things have changed over the past 12 months. Many unexpected world events have happened lately, including a global pandemic, war in Ukraine, and inflation taking over. Well composed articles about the future can be entertaining, but little more. However educated […]
Reverse Mortgages
It’s a common scenario for older Australians – asset rich, cash poor. Owning a valuable home and having little income can be an issue, but there are ways around this other than selling your house. Below we look at the workings of a reverse mortgage. What are they? It is called a reverse mortgage as […]
What is a Super Co-Contribution?
Super co-contributions are an initiative by the government to encourage low or middle-income earners to put money into their retirement savings. Basically it works like this: if you earn below a certain amount and you make a personal contribution to your super fund, the government will also make a co-contribution to your super fund. Yes, […]
The Difference Between Investing and Gambling
Most of us would know the difference between investing and gambling and if we had to mention a single commonality between the two, it would be that both contain an element of risk. But that’s where the similarities end. The recent headlines on the high-stakes action of GameStop, an American chain of video games stores, […]
2020-21 Federal Budget: 3 Key Take-Aways
The impact of COVID-19 on the economy has delayed the release of the Federal Budget this year to October instead of the usual May announcement. On Tuesday (6th Oct 2020), Treasurer Josh Frydenberg proposed a range of measures to get our economy back on it’s feet, albeit a third wave of COVID-19. Financial Life Planner […]