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Property and your financial plan

| by James McFall, CFP®

Whether it’s a discussion about buying a family home or building a property portfolio, the steps to successful investing remain the same. You need to understand why you are investing, how that investment is going to meet your needs and what compromise you will need to make to get there. Being clear on the answer […]

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Insurance: are you putting yourself at risk?

Insurance can sometimes seem counter-productive, especially if you’re paying premiums year after year and never making a claim. Managed wisely, however, it can be a valuable partner in your long-term wealth creation plans, and guard against severe financial disadvantage if your circumstances change. As with any investment, choosing the right level of insurance cover can […]

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Super strategies for end of financial year 2016

| by Wally David, CFP®

The end of the financial year is fast approaching. It’s not too late to review your situation to take advantage of strategies that may be appropriate. Let’s take a look at some of the strategies and incentives that you can consider regarding super. Super co-contribution Under this incentive, for every dollar you contribute, the Government […]

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Caring for elderly parents

| by Wally David, CFP®

Do you help care for an elderly parent or special someone? This post outlines some of the issues you may need to consider. As we live longer, more and more Australians are becoming part of the sandwich generation, finding themselves caring for an elderly parent whilst also looking after their own children. This can put […]

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Buying residential property results in unavoidable concentration risk

| by James McFall, CFP®

The decision to purchase a residential property in Australia is an expensive one. The median property price in our two largest cities at the end of 2015 was $718,000 in Melbourne and in Sydney this increases to $1,013,000. Melbourne and Sydney have been called the fifth and second most expensive cities in the world respectively, […]

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6 ways women can make more of their super

Women have to work their superannuation investments harder to help improve their retirement income. Lower salaries and time out of the workforce to raise families leave women with less than half the retirement savings of men, according to a recent ANZ study A Senate inquiry is underway to examine the problem but in the meantime, […]

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Are you committing (financial) infidelity?

Do you have a secret bank account, stash of cash or credit card that you keep from your partner? How about that pricey pair of shoes you omitted to tell your husband about? Or, the money you covertly set aside after you scored a bonus at work? If your answer is a sheepish ‘yes’ to […]

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New Year financial resolutions from ASIC’s MoneySmart – create a better financial future in 2016

ASIC is encouraging people to start the New Year with some positive financial resolutions following its new report which revealed that only about two in five Australians have a short-term financial plan in place, and only a quarter of those surveyed have a long-term financial plan. ‘Having a financial plan in place – ranging from […]

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Running your own business?

Use SuperStream to cut super admin by 70% Did you know that SuperStream is cutting the time small businesses spend on super administration by around 70%? With 2016 on the horizon, the Australian Taxation Office (ATO) is encouraging small businesses to cross SuperStream off their ‘to-do’ list ahead of the 30 June deadline and reduce […]

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3 ways to protect your family after you’ve gone

If you were to be run over by the proverbial bus tomorrow, would your grieving family be forced to suffer even more because of tricky financial issues? Estate planning can be as simple or as complex as your portfolio of investments and assets. But with a little thought and care, you can ensure that your […]

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