Much of the media coverage of the coronavirus pandemic is focusing on the potential health impacts. The potential financial impacts are likely to be severe as well, including: a slowdown in the economy, job losses, drops in income, and straining household budgets. However, just like you can take physical health precautions, now is the time…
On 22 March the Federal Government announced a package of temporary superannuation measures which reflect the strength of the super system and the fact it was built for the wellbeing and livelihoods of Australians. The temporary measures for people facing significant financial hardship as a result of the coronavirus include: early release of a limited…
By guest author, Emily Connell Gronholt, Nutritional Medicine Practitioner Working from home has suddenly become the new norm as Australia faces the spread of the coronavirus. For many, this is accompanied by having children at home. Loneliness and lack of connectivity are a real risk of extended periods of working from home, as is…
“Stocks at record highs despite uncertain geopolitical landscape” “Shares plunge as coronavirus outbreak renews investor fears” “Markets enter correction territory after worst loss since GFC” You would have seen these headlines or similar over the last few weeks. It’s evident that investment markets are on edge. We’ve experienced an unprecedented bull run on the Australian…
As a result of the coronavirus pandemic, many Australian workers have been thrust into working from home for the first time. By putting in place some systems and boundaries, you can help make the best of the situation, get your work done and maintain your mental wellbeing. 1. Designate a workspace or home office If…
Thinking about debt probably doesn’t spark a positive reaction for most people, but it is something that we will all need to contend with at some point in our lives. Although not all debt is bad, if you’re finding that it’s causing you anxiety or it just seems to keep mounting up by the minute,…
Get more out of each morning by listening to these brilliant business podcasts on your ride to work. It’s hardly a secret that podcasts are the new radio. The audio format is growing, with ABC’s 2019 Podcast Survey finding 30 percent of Australians listen to a podcast monthly. That’s a number that only looks set to increase…
Have you ever thought about the fact that your ‘digital estate’ may incorporate just as many items as your material belongings? Everything from music, photos, accounts, social media profiles and attempted memoirs rest on the cloud. That’s a lot of personal stuff to manage upon one’s death, much like a house full of cherished possessions. …
On 1 April 2020, government changes will come into effect that may impact the insurance you have in your super. Here’s a snapshot of the changes: If your super balance hasn’t reached $6,000 by 1 April 2020—your existing insurance in super may be cancelled. From 1 April 2020, when you join a super fund, insurance…
It wasn’t long ago that the common view was to save and invest through your working life and then retire to a portfolio that delivered at least a 5 per cent income yield every year. For many retirees it worked, at least while interest rates were high. They could live comfortably on income payments and…