How will the upcoming changes to superannuation affect your journey to financial freedom?
One of the best ways we can teach our kids about money and money management is through pocket money. Introducing kids to a healthy savings plan from their pocket money can make a real difference to their future and give them saving skills that can last a lifetime.
Setting aside time to regularly review your finances is one of the easiest ways to keep your plans on track and work towards achieving your financial goals. Let’s see how you can take a look at your finances and make any necessary changes before the start of 2017.
The proposed changes to the Centrelink Age Pension announced in last years’ federal budget are now law, and will take effect from 1 January 2017. Two significant changes will be imposed, these may be good and bad news for Age Pensioners. It’s important to review these changes and understand how they may impact your entitlement.
We often find that it’s only as people near retirement that they really start thinking about their finances – especially when they start looking at everything that retirement offers, like making time for a hobby, more travel, volunteering projects or spending time with family. If you are considering retiring or reducing your working hours, but are concerned about having enough money to retire on, it’s not too late to seek some professional retirement planning advice to give you peace of mind.
A recent report by Australian Securities & Investments Commission has found “significant shortcomings” with how claims are addressed in relation to life insurance. A report in The Australian reveals the claims and success rates across insurance claims to be staggering.
Retirement is something most people look forward to. It is a new stage of life where there is more freedom and flexibility to determine the balance between work and play.
Needless to say, making sure your finances match your desired retirement lifestyle is not an easy exercise. It involves a lot of planning and there are many decisions and trade-offs – what you could call “conundrums” to work through.