February 22, 2017

When love blossoms later in life, the financial and legal consequences

Falling in love is a magical and wondrous experience, but once the heart flutters have settled a little and two people move towards a more serious relationship, various challenges may need to be addressed. Many of these challenges can be easily resolved when we’re young and carefree, but what happens when Cupid appears – or reappears – later in life?   Unlike earlier relationships, when love blossoms late in life careers have slowed down or ceased, the children have left home, and health and fitness may not be what it had been, meaning that a ‘lifetime’ of togetherness may not […]
February 22, 2017

How might the latest superannuation changes affect you?

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

Jump-start your retirement savings

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 […]