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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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The 6 big financial mistakes people make in their 30s

| by Claire Mackay, CFP®

In our 30s many of us finally have real world experience under our belts — we’ve tried some things, failed at some and succeeded at others. When we are asked for ID in bars it’s a pleasant surprise, we spend more money on fewer drinks, we upgrade from hostels to hotels and not all of […]

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More than $17 billion is up for grabs. Time to see if any of it is yours?

It might be difficult to imagine losing track of your hard-earned cash, but thousands of people do so every year. Money from a variety of sources, including bank accounts, shares, superannuation accounts and deceased estates that have lain dormant for a certain period is held by various government agencies, waiting to be claimed. Inactive bank […]

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An Australian financial planner ranks your debts from the most to least urgent

| by Claire Mackay, CFP®

Being debt free is a goal few manage to achieve. Or at least quickly. Claire Mackay, a financial planner at Quantum Financial in Sydney, says you should think of debt as you would cholesterol. Just as there is good cholesterol and bad cholesterol, there is good debt and bad debt. She says: It’s incredibly important […]

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