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Prepare for Life |
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There are times in life when things don't go as we plan, or as we would like them to go. For example, a good friend of mine recently took their dog for a run on the beach. The dog loves chasing thrown sticks and generally running on the beach. But this day's excursion did not end well. The dog turned suddenly in the soft sand and, as a result, suffered a torn crucial ligament. |
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The COVID-19 pandemic has significantly impacted the superannuation savings of most Australians. Firstly, the economic downturn resulted in investment markets heading south. Asset values have fallen, so superannuation balances have fallen, impacting both people saving for retirement and current retirees. |
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Many businesses simply closed down overnight with employees retrenched, stood down, or simply told not to bother showing up for work. For others, working hours were reduced with their wages following suit. |
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As people approach their retirement, it is important that they have a clear vision of how they want to live their life in retirement and how they will fund that lifestyle.
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Issue 36
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Issue 35 |
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Issue 34
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Issue 33
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Issue 32
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Issue 31
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Issue 30
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Issue 29
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Issue 28
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Issue 27
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Issue 26 IS THAT ON PAYPASS?... technology IS WONDERFUL, ISN'T IT. These days we don't need to carry any cash. Just one small plastic card, or our mobile phones (hello ApplePay!) and the world is our oyster. We can buy almost anything we like simply by hovering our card over a small terminal at a shop of our choice. Recently, a new coffee shop opened in the foyer of my building. I was intrigued that the shop advertises itself as 'cashless'. That is, you can only buy your coffee using EFTPOS or PayPass. No doubt this is an emerging trend, and we will see more of this in the future.
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Issue 25
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Issue 24 |
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SPRING CLEAN YOUR AGE PENSION. If you are in receipt of an age pension from Centrelink, or a service pension from the Department of Veteran Affairs (DVA), every year in March and September your pension is adjusted to be in line with the highest of the following indicators: Consumer Price Index (CPI), the Average Weekly Total Earnings (AWTE) rates, and any pensioner and beneficiary living cost index increases. At the same time both departments automatically update the value of the listed shares and units in managed funds held by pensioners to reflect the current market value. So - depending on the ovement in the market your pension may increase, or decrease, as a result of these regular departmental reviews. |
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Issue 22
In early May 2016, the government brought down a budget that heralded significant changes to superannuation. At the time of writing most of the superannuation announcements were due to take effect from 1 July 2017. |
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Issue 21
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Issue 20 But not all debt is the same and it is important to understand how it works and consider the implications of particular strategies. While it can be a great tool to grow your wealth, if it is not carefully managed it can have the opposite effect. |
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Issue 19
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Issue 18
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Issue 17 |