If you’re starting to explore residential aged care for yourself or someone you love, you’ve probably noticed that accommodation costs can seem quite daunting. In fact, the average room price in Australia is now around $570,000, with significant increases over the past 18 months. The good news is that you may not need to find…
Every year, around this time, I find myself wishing clients a ‘happy new financial year’. I get some funny looks. But I genuinely think 1 July deserves more credit than it gets. We mark birthdays. We mark New Year’s Eve. But 1 July offers a unique opportunity to stop and check in on your money,…
Tax time is just around the corner, so now is the time to get ahead and find out what strategies may be available to you before 30 June. Time for a portfolio review A good first step is to review your investment strategy. With recent market volatility, things may have shifted and your risk tolerance…
The income assumptions many have carried into retirement are being tested in the current economic climate. “It’s easy to feel uncertain when markets are volatile or the headlines seem overwhelming. In my experience, having a well-considered plan and someone to guide you through the decisions can provide enormous peace of mind. Often it’s not about…
When an older person needs aged care, decisions are often made quickly. Families may be stressed and worried, and the financial choices involved can have long-term consequences that are difficult, and sometimes impossible, to undo. Yet many Australians are navigating aged care with incomplete, confusing, or simply wrong information. “Aged care decisions are often made…
For many, the goal of investing is about creating wealth for a comfortable financial future, as well as a legacy that supports your children and grandchildren for decades to come. But one of the greatest risks to that legacy can be the challenge of dealing with sudden wealth. When adult children inherit large sums or…
As the end of the financial year approaches, it’s a busy time for preparing your taxes, reviewing super, and getting your finances in order. Unfortunately, it’s also a peak period for scammers looking to take advantage of people and businesses who are focused on deadlines and end-of-year financial tasks. EOFY creates the perfect environment for…
Losing someone you love is one of life’s most difficult experiences. In those moments, your focus is where it should be, on family, support, and simply getting through each day. But alongside the emotional toll, there are often practical responsibilities that need attention. Important documents need to be found. Financial matters need to be understood….
Life is a series of chapters, each with its own hopes, challenges, and priorities. From starting your first job, welcoming a family, navigating separation, caring for ageing parents, transitioning into retirement, or embracing life on your own terms each stage brings new decisions that impact your long-term financial wellbeing. That’s why your financial strategy shouldn’t…
What role will an inheritance play in your long-term wealth strategy? If the ballpark numbers are at least remotely close, the amount of assets set to be transferred from one generation to the next in Australia over the coming decades will amount to trillions of dollars. According to estimates within a 2021 Productivity Commission report, Australians…