Tips for saving money Being a good saver has plenty of advantages beyond your short-term financial goals. It can be the difference between keeping your head above water during difficult financial times and being in financial hardship. Here are our tips to help you become a better saver. 1. Set a savings goal Saving is…
How to dispose of shares You can dispose of your shares in the following ways: selling them giving them away (gifting shares) transferring them to a spouse as the result of a breakdown in your marriage or relationship through share buy-backs through mergers, takeovers and demergers because the company goes into liquidation. It’s important you…
Why pay down your home loan faster You might wish to boost your repayments now, so that you can enjoy the freedom of being mortgage-free. This could help bring forward the overseas holiday you’ve been promising yourself, or help your children complete their education. Perhaps you’re planning on renovating your home to add value to your…
Binary options promise quick, high returns. But the reality is you will lose your entire investment most of the time. Binary options are financial products that bet on the outcome of an event. If you pick correctly, you get a fixed cash payout. If you get it wrong you lose your entire investment. An ASIC…
The tax cuts introduced from July 1 and other changes may mean it’s time for a review of your current tax, super and investment strategies to make sure you’re maximising the benefits. Under the changes, the previous 19 per cent tax rate reduces to 16 per cent, while the 32.5 per cent rate drops to…
Many Australians expect an inheritance, but their parents may have a different view. Around one in two Australians have received or expect to inherit money or property, either from their parents or others. That’s one of the key findings from Vanguard’s 2024 How Australia Retires research, but it shouldn’t come as a great surprise. Over the coming…
Retiring without a mortgage has a large positive impact on retirement confidence. For decades the “Great Australian Dream” has been the general desire by most Australians just to own a home. But that dream has morphed over time. These days it’s not just about owning a home but having the mortgage paid off either before…
Gold prices have been climbing strongly in 2024 as investors, jittery about the effects of wars in the Middle East and Ukraine, buy up the asset because of its reputation as a safe haven. The spot price has risen more than 18 per cent since mid-February.i Demand for the precious metal is also being driven…
Key points: Getting an assessment is the first step towards getting access to Government funded services Assessments are undertaken by the Aged Care Assessment Team across Australia, or the Aged Care Assessment Service in Victoria You can have your assessment reviewed if you don’t agree with the outcome From there, you can organise an assessment…