Self Managed Super Fund
When Doing It Yourself Doesn’t Work: When Not to DIY and Better Hire an Expert
When DIY efforts don't yield the desired results, it may indicate that you need to seek professional help or take a different approach. This can happen due to a lack of skills, tools, or resources necessary for the task. Seeking assistance or reconsidering your methods might be the best path forward instead of persisting in a frustrating or ineffective way. Remember to always evaluate your situation critically and consider professional advice if needed.
How Do Retirement Income Options Compare?
Retirement is filled with opportunities and choices. There’s the time to travel more, work on long-delayed personal projects or volunteer your help to worthwhile causes. And when it comes to financing your new life without a job, you too have a lot of options. A retirement income option refers to the various ways you can draw income from your retirement savings after you stop working. Here are four alternatives to think about.
The “Blue Zones’” Secret: Lifestyle Practices for Longevity
Some of the world's oldest and healthiest people live in the Blue Zone regions. They typically follow plant-based diets, exercise frequently, consume moderate amounts of alcohol, get enough sleep, and have positive relationships with their families, friends, and spiritual community, despite slight differences in their lifestyles. Therefore, it has been demonstrated that each of these lifestyle characteristics is linked to a longer lifespan.
Planning the Best Use of Super: How To Maximize Your Superannuation
Planning the best use of superannuation involves considering factors such as your age, retirement goals, risk tolerance, and investment strategy. It is important to regularly review your superannuation fund's performance and fees, as well as consider consolidating multiple super accounts to save on fees. Here are some of the considerations for the popular options.
Tax Cuts: What Will the Changes in Taxes Mean for Me?
Tax changes can impact individuals in various ways, depending on the specific changes implemented by the government. These changes could affect income tax rates, deductions, credits, and other tax-related factors. It is important for individuals to stay informed about tax changes to understand how they may be affected financially.
Investment Rules Within SMSF: Can a SMSF Invest in Property Development
The involvement of Self-Managed Super Funds in property developments often catches the attention of the ATO. Can you invest in real estate development with your SMSF? Find out here if investing in property development projects through an SMSF is allowed and the pros and cons of this strategy.
Life Insurance Provides a Financial Safety Net
Life insurance provides a financial safety net by paying out a death benefit to your beneficiaries in the event of your unexpected death. It is an essential component of a person's financial planning, especially given its long-term and significant advantages. At times when individuals are focusing on many areas for investment, it is important to keep in mind that the best investment is in one's health and well-being, and everything else revolves around it. This is the reason why it is critical to have life insurance in one's investment plan.
What an Australian Retirement on $3 Million Looks Like
It's important to note that everyone's retirement goals and lifestyle preferences are different. Here’s a general overview of what a retirement on $3 million in Australia might look like, but personal choices and circumstances can vary significantly. It's advisable to consult with a financial advisor to tailor a retirement plan that suits your specific needs and goals.
The Increasing Costs of Raising Children
Managing the costs of growing kids requires careful planning and prioritization. By following these tips and adapting them to your specific situation, you can effectively manage the financial responsibilities that come with raising children. Get in touch with us to create a plan to secure your family’s future.
What is on the ATO Focus for SMSF in 2023
It is not surprising that the ATO is focusing on SMSFs given their increased popularity and significant asset holdings. Here’s a summary of some key issues currently attracting the ATO’s attention that SMSF trustees (and their advisers) need to be aware of for the 2023 income year.