Pre-Retirement Planning

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The business of YOU Inc – September 2019, SA Leaders Presentation

In this video presentation, Managing Partner and SA Leaders 'Industry Expert' Andrew Creaser explores the concept of 'planning for success' with a broader goals-based approach to investment, risk and estate planning strategies.

Labor’s franking policy is a ticking bomb for all super funds

The Australian Labor Party (ALP) proposal to limit cash refunds of franking credits will clearly impact many pension phase SMSFs, but we believe it also has the potential to impact many other superannuation funds. In this paper, we build a model of the key variables which determine whether a superannuation fund is likely to lose refunds of net franking credits under the ALP proposal. Our model is consistent with and helps explain an article in The Australian which reported that $309 million in [...]

Powerful data reveals strong link between our nation’s happiness and financial planning

People happiest with their lot in life are most likely to have a financial plan, according to the FPA Live the Dream report. The national research of working-age Australians also includes insights into the regrets, dreams, and attitudes to matters of money and life across generations, genders and geographies. Almost one in four Australians (23%) surveyed believe they are living the dream. These enviably content people who dream big and are prepared to act of their plans are nearly three times [...]

Changes to Centrelink assessments mean less age pension!

  Concessionally assessed, deeming provisions... unless you are a trained financial expert, determining how the changes to Centrelink assessment rules will affect your individual circumstances can be confusing. The good news is, it doesn’t have to be and there are a number of ways to minimise the impact. This particular legislation however, does come with a deadline (January 1, 2015) so it is critical that you seek advice regarding your options sooner rather than later. The changes: The rules in regards to [...]

2014-10-13T03:25:33+00:00July 30th, 2014|Aged Care, FinSec Post, Pre-Retirement Planning, Superannuation|

Finding lost super

Have you lost $3,000? That's the average balance of a lost or ATO-held super account in Australia. If you've changed jobs, done casual or part-time work, moved house or changed your name, then you could be one of the many Australians who have some lost or ATO-held super waiting to be found. What is lost super? Your super account will generally be considered 'lost' if: No contributions or rollovers have been added to your super account in the last year and [...]

2014-10-13T03:25:51+00:00July 24th, 2014|FinSec Post, Pre-Retirement Planning, Superannuation|

’10 x Income’ is Not Enough

Rice Warner December 3, 2013 The widely-used life insurance equation of ‘10 x annual earnings’ is not enough to secure a family’s long-term lifestyle, the latest underinsurance research from Rice Warner has revealed. The consulting firm has released its annual ‘Underinsurance in Australia’ report, which found that in order for a family’s standard of living to be maintained in full, life insurance cover of an amount equal to 15 years’ income is required. Similarly, TPD cover equivalent to 15 years’ annual [...]

2014-05-01T04:28:35+00:00December 17th, 2013|FinSec Post, Insurance, Pre-Retirement Planning|

Reducing Aged Care Fees with Investment Bonds

As we get older it is a safe assumption that many of us will need to access aged care services. Like any other service we should also expect to pay for it, but what sort of fees should we expect and what strategies should we be thinking about to minimise them? Aged Care Fees - At A Glance:  If you need to move to residential aged care you can expect to pay several types of fees: Entry fees – this is [...]

2014-05-01T04:30:09+00:00October 11th, 2013|Aged Care, FinSec Post, Pre-Retirement Planning|