Our free financial planning articles are written every quarter by our dealer group Capstone Financial Planning. In these financial planning articles we discuss lots of recent news and information about financial matters such as tax tips, tax minimisation, superannuation, property, investing, life insurance and much more. Be sure to check back each quarter for the latest articles.
While the count continues to confirm whether the Coalition will hold a majority it is now clear that the Coalition will form Government. As such it may be an opportune time to review some of the major positions that the Coalition announced and what they may mean for you. However, whilst it is known that the Coalition will form Government, it is not yet known when Parliament will resume or how quickly the Coalition will look to implement a legislative process to formalise their proposals. Further, it may take some time for the senate results to become clear, but the Coalition is... Read more
Superannuation is the primary form of income for many Australians when they retire, and while it’s working alongside you for most of your life, it’s often paid too little attention. Superannuation is not a ‘one size fits all’ financial strategy, with your needs and working circumstances changing over the course of your life. That’s why it’s prudent to be informed so you can get your superannuation in top shape at each stage. IN YOUR 20s Get acquainted with the basics: Your employer should make compulsory superannuation contributions to your chosen fund. Check your payslips... Read more
Key Points The RBA should avoid calls to raise interest rates prematurely just to prepare households for higher global rates. Such a move would be Iike shooting yourself in the foot in order to practice going to the hospital. Nor should the RBA mess with the inflation target that has served Australia well. We don’t see it doing either and continue to see interest rates on hold out to 2020 at least and can’t rule out the next move in rates being a cut. This will mean term deposit rates will stay low, search for yield activity will still help yield sensitive unlisted investments (albeit... Read more
Australia The Reserve Bank of Australia (RBA) left the official cash rate on hold at 2% on 2 February 2016 - where it has remained since May 2015. The next RBA Board meeting is 1 March 2016. The statement highlighted the tensions between improving trends in the domestic economy and mounting external shocks “over the period ahead, new information should allow the Board to judge whether the recent improvement in labour market conditions is continuing and whether the recent financial turbulence portends weaker global and domestic demand” while leaving the door open for futures rate cuts if... Read more
Most of us like to think that insurance is a set and forget proposition that we pay for without too much consideration. However no one can predict the future. Illness or injury can strike at any time with potentially devastating consequences. Australian Bureau of Statistics data shows that medical illnesses are the leading causes of deaths in Australia. Topping the list are several types of cancer, Ischemic heart disease, stroke, Alzheimer's disease and dementia. The health risks are clear yet many Australians are manifestly ill-prepared for these life events. According to Rice... Read more
Most of us don’t like to admit it, but many of us have been there. You know, madly blowing all our cash while secretly hoping that the right bloke will appear and save us. Where old-school fairy tale princesses were on the look-out for princes on white horses, modern gals are keeping their eyes peeled for princes in white collars. But ladies, it’s time to get real: a man is not a financial plan. But dad said not to worry about money Just ask Barbara Stanny, writer, teacher and wealth coach. "I grew up wealthy," she tells. “My father was the 'R' in H&R Block. But the only advice he ever... Read more
If you’re retired, you don’t want to fritter away the savings you’ve worked all your life to achieve. So, whether you’re living a comfortable or modest lifestyle in retirement1, there are still ways you can make every dollar count and stretch your dollar further. Here are five things to consider: Get rid of the second car if it’s not critical to your daily routine. Not only could you top up your savings with the sale’s proceeds but you will save on annual registration, insurance and maintenance costs. Find out which concessions are available to you in your state to travel by public... Read more