Volatility is part and parcel of investing so it’s important to put it into perspective and look at the full picture when thinking about your wealth, rather than focus on day-to-day market swings. If there was to be a single investing lesson that emerged from the events of the last two years, it is that…
Lots of rules and lots of jargon make understanding aged care even more complicated. This article demystifies one of the more common strategies of DAP from RAD. Understanding aged care can be complicated enough, without needing to decipher all the jargon and acronyms. An example is the “DAP from RAD” strategy, which can be confusing…
At the end of the day, we are accountable to ourselves – our success is a result of what we do – Catherine Pulsifer It can be both empowering and a little uncomfortable to think that we are responsible for our successes – and failures. Being willing to accept the consequences of our actions, choices…
When your family gathers over the festive season, it might present an opportunity to start planning for future care needs. Christmas is a time for families and the New Year is for resolutions. This year, combine the two by making a resolution to pay more attention to how your older parents are coping and start…
Think you can’t afford aged care? Advice on your options can help to understand what is affordable and how to best structure your finances. When you move into residential aged care, the room price might be quoted as a lump sum, but you will have the choice to pay for your room as a lump…
Despite much talk of rising interest rates and possible recession, here are a few reasons to stay the course and stick to your long-term investment strategy. There has been much discussion of rising interest rates, recent inflation spikes and ongoing market volatility impacting investment and super balances. Add to that the increased chatter about the…
Many parents and grandparents worry about how to help the children in their lives achieve financial independence. But the value of long-term investment can seem like a dry and complicated idea for kids to get their heads around. In fact, many young people would like to know more about money, according to a Young People and…
With interest rates on the rise and investment returns increasingly volatile, Australians with cash to spare may be wondering how to make the most of it. If you have a mortgage, should you make extra repayments or would you be better off in the long run boosting your super? The answer is, it depends. Your…
It can be tough when a loved one passes away, and while you’re busy grieving, you also need to think about settling their finances in line with their final wishes. This is where probate comes in. What is probate? Probate is the legal process that ensures that all the instructions set out in a will…
A good estate plan will help make sure your wishes are carried out when you die. It can also help if you become unable to make your own decisions. Estate plans An estate plan records what you want done with your assets after your death. It can include documents such as: your will a testamentary…