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…
Will I have enough money to enjoy the retirement lifestyle I envision when I retire? It’s a question many of us will need to ponder at one point. It’s a question most of us will need to ponder at some stage in our lives. When I retire, will I have enough money built up in…
An interesting finding in the federal government’s Retirement Income Review report is that many Australians are dying with the majority of the wealth they had when they retired. Having enough superannuation to enjoy a financially comfortable retirement lifestyle is most Australians’ aspiration. As the super system continues to mature, and with the benefit of compounding…
According to the Australian Bureau of Statistics, women are retiring with 37% less than men in their super accounts, which is a frightening thought considering women, on average, live up to five years longer. So, what’s behind the super gap? The super gap is partly due to the lower average earnings of women. Data from…
For many people, the idea of managing and investing in your own retirement savings is very appealing. But there is debate over whether running your own self-managed super fund (SMSF) is cost-effective. So, what are the arguments for and against having your own fund? Taking control of your super People choose to run their own…
In the right hands, a self-managed superannuation fund (SMSF) can be a beneficial way to build wealth for retirement. Whilst they are not for everyone, it is important that when thinking of starting an SMSF, individuals need to understand the benefits and responsibilities they take on by having an SMSF. What is an SMSF? An…
There’s no denying that being proactive with your super may be key to increasing your retirement savings. As an investment vehicle, super can offer significant benefits thanks to the magic of compounding interest. It also provides one of the best tax structures available. Why super offers much promise for retirement saving Adding more into super…
The potential increase in members from four to six a in self-managed fund has led to many to consider about whether it is worthwhile to have children as members of the parents’ or ‘family’ SMSF. The options are: should the kids join the fund, have their own, or go elsewhere to an industry or retail…