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February 22, 2017
With several major changes to Australia’s superannuation system due to take effect from 1 July 2017, here’s a summary of the main ones. These changes involve a lot of fine detail, so if you think you may be affected make sure you talk to us sooner rather than later. New $1.6 million cap on retirement balances This move limits the sum that retirees can invest in tax-free pensions. It will also apply to current pensions, so if you have more than $1.6 million in retirement stream products on 1 July 2017 you will need to roll the excess back to […]
February 8, 2017
Unfortunately, many people would reach their mid-fifties and conclude that their savings are not on track to finance a satisfactory lifestyle in retirement. Fortunately, worthwhile steps can often be taken to boost their nest-eggs in the countdown to retiring. Perhaps family obligations and/or work circumstances made it difficult to put aside enough money towards retirement. Perhaps, inertia or procrastination played a part. Ideally, you should begin to save for retirement as early as possible in your working life. Early savers have the formidable advantage of compounding over the long haul as investment returns are earned on past returns as well […]
February 8, 2017
Two quick questions. How long did you take to plan your last Christmas holidays? And how long did you take to plan your investment portfolio? “It’s often said that many people spend more time planning a two-week vacation than they do on their investment plan,” say US-based Vanguard investment analysts Donald Bennyhoff and Colleen Jaconetti in an updated research paper. “Experience suggests that this witticism is not far off the mark,” Bennyhoff and Jaconetti add. “On their own, investors often ignore the important planning phase,” the analysts emphasise, “focusing instead on filling their portfolios with investments featuring attractive returns. This […]