Life in retirement keeps getting more expensive

The latest rise in the Age Pension rate still falls short of what many people may need to have a modest lifestyle in retirement. Around 2.58 million Australians received a 1.78% government Age Pension payment boost on March 20 as part of Centrelink’s twice-yearly indexation review. They included the 1.76 million people who receive a…

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Memory loss, dementia and your money

Memory loss can make it difficult to stay in control of your money. Things like checking bank statements or investments, or paying bills may become challenging. If you’re starting to struggle, it’s time to put some safeguards in place. A few simple steps will help you and your loved ones protect your money and prepare…

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Planning financially for a career break

A pause in super contributions can have long-lasting effects. Here’s how to plan ahead for super breaks. There’s a host of reasons why people take career breaks. Having and raising children, or taking an extended holiday or sabbatical, are the most common reasons. Vanguard’s 2023 How Australia Retires study, based on a survey of more than 1,800…

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Giving your portfolio a caffeine inspired boost

With interest rates likely to fall this year, borrowers could invest some or all of their mortgage repayment savings. Inflation may be coming off its high, but the retail price of coffee isn’t likely to lose any monetary steam. Depending on where you buy, the average cost across Australia of a regular-size takeaway cup of…

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Choosing between a credit card or personal loan

Personal loans vs credit cards Upcoming travel, car upgrade, Christmas festivities or home renovations on the horizon? If you need access to money to cover costs like these, you might be considering a personal loan or credit card. Choosing between the two can be tricky. We’ll explain the differences and why one may be a more suitable borrowing…

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When you can access your super early

Overview You can access your super early in very limited circumstances, including to pay certain expenses on compassionate grounds, as well as terminal illness, incapacity and severe financial hardship. Access on compassionate grounds You may be allowed to withdraw your super early on compassionate grounds to pay for: medical treatment for you or your dependant medical transport…

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The potential estate complexities of dying without a will

Having a legally valid will can go a long way to avoiding disputes over the division of your assets.  What did the artist Picasso, musicians Bob Marley and Aretha Franklin, and billionaire entrepreneur Howard Hughes have in common? If you’re thinking they had amassed large fortunes before their deaths, you would be correct. But another…

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Markets love certainty, but what happens next?

Financial markets can be like finely tuned racehorses, poised to gallop ahead under ideal conditions but often highly reactive to unexpected events. It’s often said that the markets love certainty. Investors feel more confident when economic conditions are stable and predictable. But certainty in financial conditions is never a sure thing. Uncertainty is always just…

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How does ageing affect the ability to remember?

Key points: Scientists have found that working memory can be disrupted as early as people enter middle age In 2024, it is estimated there are more than 421,000 Australians living with all forms of dementia More than two-thirds of aged care residents have moderate to severe cognitive impairment Scientists have reported a global breakthrough in brain research through…

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