Is default bias derailing your super?
By Simon Russell Let’s imagine two groups of people looking to hire a car. One is told they can have any colour they want, but if they don’t make a choice they’ll get a red one. The other is offered the same deal, except instead of a red car they’d get a blue car. If […]
The Stage 3 tax cuts are live, what should you do with the extra money?
First announced in 2018 — and given a major facelift by the Albanese Government — the stage 3 tax cuts have finally come into effect. Coming at a time when many Australians are still struggling with the rising costs of living, the cuts will see taxpayers get between $350 and $4,500 back in their pocket […]
Cash poor, getting by or high net worth: What will your retirement look like?
Having a clear idea of where you stand financially is the first step to planning the retirement you want. If your working years are coming to a close, take some time to review your financial position and think about which of the following categories you might find yourself in. Cash poor Entering retirement without sufficient […]
Passing on wealth while alive or through a Will: Which is better?
With the average person living longer these days, many are choosing to bestow some of their assets to their loved ones during their lifetime. Doing so has its advantages, but how does it compare to waiting until you pass away? Below, Katerina Peiros from Hartwell Legal helps us weigh up some of the pros and […]
Teenager’s first job: Tips to help them manage their finances
Whether they’ve found a part-time job at the local cafe or are picking up shifts at the family business, your child entering the workforce is a major milestone. Naturally, they’re going to learn plenty of important lessons about money along the way, but there are still things you can do to help nudge them in […]
3 cognitive biases that might hindering your financial success
We make thousands of decisions each day, and a lot of those decisions happen beyond our awareness. While plenty are minor or inconsequential — which socks we’ll wear, what we’ll have for lunch — the stakes are much higher when money is involved. We spoke to Simon Russell, Founder and Director of Behavioural Finance Australia, […]
