Downsizing – is it for you?

Over the past six months, I have been receiving a lot of calls and emails from financial planners asking about the ability of people who sell their family home to contribute any additional sale proceeds to superannuation. This is the Government’s ‘downsizer contribution’ initiative that was introduced from 1 July ...

More from Vietnam

A couple of weeks back I posted a blog covering some of the learnings and experiences from a recent trip to a conference in Hanoi. This week, I thought I would share the key messages from some of the other presenters. Overall, the presenters that spoke at the conference were amongst the ...

Is it time to review your Account Based Pension?

On the 1st of January 2015, the age pension assessment of account-based pensions changed.  Assessment of account-based pensions was brought in line with other “financial Investments”. What does this mean? The balance of the account-based pension, regardless of the income being drawn down, was assessed in the same way as money invested ...

Compound Interest – the most powerful force in the universe!

When saving for a long-term goal, such as retirement, is it better to save small amounts for a long time, perhaps saving when we can ill-afford to, or waiting until later in life and putting larger amounts aside when it is more affordable? This question has plagued society for decades and ...

The things I wish I knew then

Way back on 12 December 1967, I started my first job - with the princely salary of $1,589 per annum. Fresh out of school and with the dream of becoming an accountant, I started working for the Australian General Insurance Company, part of Mercantile Mutual Insurance. Their un-air-conditioned offices were at 117 ...

 

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