The Australian government has initiated the HomeBuilder grant program to stimulate the residential construction sector and help safeguard the jobs of one million tradesmen around the country. It comes as the building sector faces a significant drop of 22% for homes approved for construction and 13.2% for alterations and additions, figures released by the Australian […]
How much money do I need to retire?
Many Australians approaching retirement start questioning whether their superannuation balance is enough. According to the Association of Superannuation Funds of Australia (AFSA), most Australians don’t have enough saved and are at risk of facing a lower standard of living once they stop working[1]. There are no scholarships, grants or loans for retirement so a little […]
Superannuation Changes from 1 July 2019
A number of superannuation changes takes effect from 1 July 2019. What are they and how might this affect you? Read below to find out. Carry-forward concessional contributions The 2018-19 concessional contributions were capped at $25,000. If you didn’t use all $25,000, you are now able to ‘carry-forward’ the unused concessional contribution amount into your […]
What is Retirement in the 21st century?
Whilst the idea of retirement might be relatively young, its definition seems to have evolved in the last few decades from a linear approach to a more segmented type of retirement. One of the major contributing factors in the last decade is our life cycle. Towards the end of the 20th century, the average life […]
Don’t believe everything you think about your retirement wealth
There is increasing investor autonomy in today’s world – the range of information available online and in the form of apps give investors an abundance of knowledge to manage their finances on their own. Theoretically anyway. On the one hand, freedom of information is great for expanding the financial literacy of individuals and allowing them […]