Stepped vs level premiums: which is best?
February 1, 2023
These days, most people hold some form of life insurance in their super account. While this is a welcome safety net, the level of cover held this way is often inadequate. A Rice Warner study back in 2020 found that life cover within superannuation only met about 65-70 per cent of actual need.i With the…
8 retirement mistakes and how to avoid them
February 1, 2023
Retirement is a phase of life most of us look forward to. It’s a chance to pursue other interests, travel and maybe do some part-time work or volunteering. Thanks to more than 30 years of compulsory superannuation, we are also retiring with more savings than previous generations and have higher expectations of the lifestyle we…
Market Movements & Economic Review January 2023
January 12, 2023
Stay up to date with what’s happened in the Australian economy and markets over the past month. As 2022 drew to a close, investors remained focused on inflation, interest rates and recession worries. The ASX200 index declined in December after two months of gains, ending a challenging year showing an overall loss through 2022 of…
The Rich Life Vol 65
January 11, 2023
As a new year begins, we wish everyone a happy, healthy and prosperous 2023. Many families will be glad to put 2022 behind them and although challenges remain, we look forward to better times ahead. As a team, we are excited to welcome onboard our newest team member – Amaya who will head up our…
Keeping yourself accountable
January 11, 2023
At the end of the day, we are accountable to ourselves – our success is a result of what we do – Catherine Pulsifer It can be both empowering and a little uncomfortable to think that we are responsible for our successes – and failures. Being willing to accept the consequences of our actions, choices…
How to plan a gap year for grown ups
January 11, 2023
It’s not just school leavers who dream of a gap year. Those of us who’ve been working for a decade or two (or more) may also long for a real break from career and commitments. It does not even need to be a year – just enough of an extended break to reset and to…
2022 Year In Review
January 11, 2023
The year began on an optimistic note, as we finally began to emerge from Covid restrictions. Then Russia threw a curve ball that reverberated around the world and suddenly people who had never given a thought to the Reserve Bank were waiting with bated breath for its monthly interest rate announcements. 2022 was the year…
What to do if interest rates go up
December 2, 2022
Higher interest rates can present unique opportunities for saving and potential portfolio rebalancing. As inflation continues to challenge the economy, it’s likely we’ll see interest rates rise and economic activity slow. However, that doesn’t have to be cause for panic—higher interest rates can present unique opportunities for saving and potential portfolio rebalancing. What do interest…
The Rich Life Vol 64
December 1, 2022
It’s December, summer is here and holidays are just around the corner. We take this opportunity to wish you and your family a happy festive season! The big story on the global economic front continues to be inflation, and how high interest rates will go to tame it. November began with the US Federal Reserve…
Market Movements & Economic Review December 2022
December 1, 2022
Stay up to date with what’s happened in the Australian economy and markets over the past month. The big story on the global economic front continues to be inflation, and how high interest rates will go to tame it. In Australia, Reserve Bank governor Philip Lowe is watching consumer spending, where higher interest rates are…
Leave your cares at home when you travel
December 1, 2022
Holidays should be blissful periods where you can do exactly what you want – usually involving relaxing and enjoying time with loved ones. However, it’s not uncommon to come back even more tense than ever and feeling like you need another vacation after what should have been a lovely break. Here are some ways to…
Sustainable investing on the rise
December 1, 2022
Sustainable investing is not new, but in recent years it’s moved from the green fringes into the mainstream. From climate change to animal rights and gender diversity, more people are interested in aligning their money with their values. Last year alone, Australia’s sustainable investment market increased 20 per cent to a record $1.5 trillion. According…
Buying shares for kids: a gift that keeps on giving
December 1, 2022
Many parents and grandparents worry about how to help the children in their lives achieve financial independence. But the value of long-term investment can seem like a dry and complicated idea for kids to get their heads around. In fact, many young people would like to know more about money, according to a Young People and…
Celebrating the festive season, the Aussie way
December 1, 2022
If you’ve ever hosted a visitor from overseas at during the festive season you may have seen them a little bemused by the way we celebrate. It’s quite understandable as we do things a little bit differently down under. Christmas in Australia – while fundamentally a religious festival celebrating the birth of Jesus – is…
Market Movements & Economic Review November 2022
November 2, 2022
Stay up to date with what’s happened in the Australian economy and markets over the past month. Treasurer Jim Chalmers’ first Budget was delivered against a backdrop of continuing turmoil on the global economic front. While the UK’s change in leadership and US reports of scaling back interest rate increases were welcomed by financial markets,…
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