Insurance plays an important role in any wealth creation and management strategy. There is little point in accumulating wealth if you don’t protect it, or yourself, from unforeseen risks that can undermine the best made plans. Just as your wealth creation strategy needs to be reviewed on a regular basis, so too does your wealth […]
For many people, retirement can be a bit of a shock. After looking forward to days of leisure, suddenly the routine of working life is replaced by time that somehow needs to be filled. Using the transition to retirement rules, people approaching retirement can ease into a new routine, retain flexibility regarding their income, and […]
Most of us look forward to stopping work and living the holiday lifestyle. “Retirement” gives us the freedom to do the things we’ve always dreamed of doing, but to achieve this goal will require a bit of planning because, thanks to modern health care, we’re living longer. Statistics from the Government Actuary show that a […]
Your income is the foundation upon which your family’s financial plans are built and in most people’s lives there won’t be a larger asset to protect than their cumulative income. Consider this – a 40-year-old man currently earning $75,000 per annum with salary increases of 5% each consecutive year will earn over three and a […]
While interest rates remain at historically low levels in many parts of the world, including Australia, thousands of mortgage holders have enjoyed lower repayments; but interest rate movements mean different things to different people. Aside from mortgages, low interest rates have a much broader application—they also flow through into personal and investment loans, credit cards […]
The opinion of many people towards debt can be best summed up in the often quoted line from Shakespeare, ‘neither a borrower nor a lender be.’ Yet others will embrace debt as one of the most important tools in their investment arsenal. Of course, successful debt management comes down to whether you control your debt […]