Until recently, financial abuse was often kept secret, especially where it occurred within the family. Thankfully that’s changing with public awareness campaigns and help becoming more readily available. The emotional and economic damage caused by financial abuse can be far reaching and devastating. A recent Australian report calculates that in 2020 alone, financial abuse victims...

Quiet on the tax front, for now. For once, tax measures took a back seat in a Federal Budget, with the second version for this year being billed as a “solid and sensible Budget suited to the times”. The October 2022 Budget resisted the recent trend to continually tinker with our tax system, but it...

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...

Staying the course, and not being distracted by short-term market events, is just as important in retirement as it is at any other time. Retiring from work shouldn’t necessarily equate to retiring from managing your investment portfolio. In fact, taking an active role in your investments during retirement will ensure you have the best chance...

Remove the stress of funding aged care needs with advice on your options – nothing stays the same, and some fees just got higher.  Two things happened on 1 October that have seen aged care costs increase for some people in residential care – the interest rate increased and so did the maximum daily means-tested...

Rising inflation brings about concern for many, but Vanguard’s time-tested investment philosophy—and a long-term focus—can help any investor navigate choppy waters.  What is inflation? Inflation happens when prices rise and purchasing power decreases. This can be the result of a simultaneous high demand for and low supply of goods and services. Consumers have money and...

Higher interest rates can present unique opportunities for saving and potential portfolio rebalancing. As inflation continues to challenge the economy, it’s likely we’ll see interest rates rise and economic activity slow. However, that doesn’t have to be cause for panic—higher interest rates can present unique opportunities for saving and potential portfolio rebalancing. What do interest...

Understanding how aged care accommodation payments work and getting advice on your options can help to avoid the panic of trying to find a large lump sum. If the prices for a room in residential care, have caused you alarm and led to concerns about how to find such large lump sums, you are not...