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 […]
Do news headlines impact share markets?
Do share markets care about news headlines? In April, the US share market posted its best month in over 30 years. How can this be? In the five weeks from 20 February through 19 March, 1.1 million US citizens filed jobless claims. During this time, the US share market fell 29%. In the following five […]
The What, Why, When, on Negative Interest Rates in Australia
According to government data, the Australian economy has been sluggish for some time now. The Reserve Bank of Australia (RBA) has cut interest rates 3 times this year to historic lows in an effort to improve the rate of growth in our economy. More recently, the RBA announced that they are considering alternate strategies to […]
Changes to insurance in super from 1 July 2019
You might have received a letter recently about changes to insurance in a super account you have forgotten entirely about. All super funds are required to send you a notice due to changes to insurance in super from 1 July 2019. Nearly all superannuation accounts have life insurance by default. Life insurance costs money […]
2019-20 Budget Wrap-Up
Treasurer Josh Frydenberg delivered his maiden budget for 2019-20 on Tuesday night, potentially a few weeks before the Federal Election takes place in early or mid-May this year. One of the headlines from the announcement is the forecast of an estimated $7.1 billion surplus, which will be the first time the budget has returned “back […]