Setting financial boundaries with your adult kids
It’s natural to want to help your kids, but if that support continues into their adult years it can be difficult to know when and where to draw the line. If you’re nearing retirement and have unwittingly taken on the role of ATM for your children, here are a few things to consider. Why boundaries […]
How career cushioning can help you survive a shaky job market
It’s an unfortunate fact of life these days but job security isn’t always a given. Companies go through rough patches, and the economy can take unexpected turns (as the last few years have done a stellar job of showing us). For the average worker, the prospect of redundancy or any other unwelcome change can be […]
What is the retirement bonus and how do you get it?
If you’re nearing retirement, you might have heard the term ‘retirement bonus’ thrown around. While it sounds appealing on the face of it, it’s helpful to know what exactly it is and how it works. What is the retirement bonus? Put simply, it’s a tax saving that your fund passes onto you. During your working […]
How to set up a savings system that works
A good savings plan is key to getting ahead with your finances, but it won’t be worth its salt if you can’t stick to it. Here’s how to build a sustainable savings system that’s simple, realistic and easy to follow. Choose a good home for your savings Not all savings accounts are created equal. Some […]
The simple investing rule to help minimise big losses
When it comes to investing, advice (both good and bad) is never in short supply. But there’s one piece of advice that most investors can get behind, and that’s don’t put all your eggs in one basket. This simple idea – known as diversification – has become a cornerstone of smart investing. And for newcomers […]
How to prepare for a life pivot
Life doesn’t always go to plan. And even if it does, those plans may no longer suit you and what you want out of life. But change can be daunting and if you’re thinking about making a life pivot, there are some ways you can road test your plans before you move ahead. Find a […]
Take the stress out of retirement with income layering
Retirement is a time to say goodbye to work and all the stresses that come with it, but sometimes those stresses are replaced with new ones. For many newly retired Australians, worries about withdrawal rates and how long their savings will last now take centre stage. The good news is that thinking about your income […]
The simple maths behind becoming a millionaire
Becoming a millionaire might seem like something solely reserved for lottery winners, CEOs and celebrities. But the truth is many Australians with net worths in the seven figures are ordinary people who built their fortunes the slow and steady way. Sure, it’s not quite as glamorous, but it’s much more attainable than most people believe. […]
Is it ever too late to start investing?
It’s true that those who start investing early have an advantage, as their investments have more time to grow. But that doesn’t mean there’s no hope for latecomers. If you haven’t yet started investing, or you’ve begun your investing journey later on in life, here are a few things to help keep you motivated. Better […]
4 ways an early inheritance could change your child’s life
Giving an inheritance is one of the most generous things you can do for your children, but the timing can make all the difference. And with so many Australians living longer these days, many inheritances are coming too late to actually make an impact. Instead of waiting till you pass away to give your kids […]
How are debts divided when you divorce?
Deciding who’s responsible for debts after a breakup can be difficult, and unlike assets that were jointly owned, chances are neither person will be eager to take full responsibility. Ideally, couples will be able to work through the process themselves or with help from a mediator. Any agreement they reach will then need to be […]
Staying ahead when markets are volatile
Most investors understand share prices go up and down, but prolonged downturns can be the ultimate test of resilience. As difficult as it might be to keep your cool, sometimes the most sensible course of action is to simply stay the course. The good news is there is a simple strategy that can help you […]
