Children’s Education Funding Every parent wants to provide their children with the best possible education. Depending on your educational choices (public, independent or private) the cost of funding your children’s education expenses can exceed $400,000 per child and therefore requires good long-term financial planning. A recent investigation by the Australian Scholarship Group found that parents [...]
Retirement Planning Pitfalls – Life Expectancy One of the difficulties with retirement planning is that there are so many unknowns. For example: How much income will you need in retirement? Will you need aged care services? How will inflation impact the price of goods and services? What investment return will you receive? How long will [...]
SMSF Changes On The Way If you currently run your own self-managed super fund (SMSF) or are thinking of starting a new SMSF, then you should be aware of the Government’s proposed legislation impacting SMSF Trustees. The legislation, which is a result of the Governments Super System Review into the governance, efficiency, structure and operation [...]
Retirement Calculators Tested And Reviewed This month we tested free online retirement calculators to find the one that gave the most accurate results. The results were surprising with some calculators inflating results, while others failed to include significant retirement income sources. The Problem With All Retirement Calculators We Tested Online calculators attempt to simplify a [...]
The Changing Role Of Financial Planners In The Beginning The financial planning industry started to develop when life insurance brokers began helping their clients with financial issues outside offering just life insurance products. These life insurance brokers were predominately sales-people, which meant the planning profession grew from a sales-based background. As a new poorly regulated [...]