Financial Insights & Updates - September 2021
Welcome to the September edition of Financial Insights and Updates.
This month we have the final part of the video series on the future of retirement presented by the ABC’s Alan Kohler.
The video this month looks at the cost of aged care and the best way to fund it into the future. At the end of the video it reiterates the importance of superannuation and also of seeking financial advice.
Our 2 articles this month “Advised clients outperform” and “Value of advice highlighted for Super accounts” further support the rationale of having a qualified professional look after your financial affairs.
“Managing the largest movement of wealth in our history” is an article which discusses the estimated $3.5 trillion dollars expected to change hands through inheritance over the next 20 years. For the older generation, it urges them to get their estate planning in place and for the younger generation, it strongly encourages them to speak to a financial adviser about how best to manage and invest the funds to be received, including potential implications on Centrelink entitlements. Definitely an article worth reading and even forwarding on to your loved ones.
In signing off, please remember that we are always available to answer any questions or queries you may have.
Warm regards,
The Team at Savanna Pride
Feature Video: The Future of Retirement with Alan Kohler:
Part Four - 7.30
Please click on the image below to watch the video)
Advised clients outperform
Russell Investments has released the findings from its fourth annual Value of an Adviser Report, which validates the true value that financial advisers provide to clients... Read More
Managing the largest movement of wealth in our history
More than $3.5 trillion dollars in inherited funds are expected to change hands within Australia during the next 20 years, with Australians enjoying one of the highest inheritance payout rates anywhere in the world... Read More
How to give your finances a health check
How healthy are your finances? Isn’t it time you put your own financial wellbeing front and centre? You can take control of your financial future quickly and easily, with a simple financial health check... Read More
Which is more precious?
It’s the middle of the night and you’re jolted awake by extreme pain in your chest. You feel like the life is being crushed out of you and immediately realise you’re having a heart attack... Read More
Value of advice highlighted for super accounts
Responding to short-term market moves can have a detrimental effect on your super balance, as those who switched to cash last March could be up to $27,000 worse off (based on a balance of $100,000), according to SuperRatings.. Read More
Money worries and your mental health
Worrying about your finances can take a real toll on your mental health. With many people experiencing financial stress this year, we look at what you can do to improve your financial (and mental) wellbeing... Read More
Should I still change jobs despite COVID-19?
With pandemic lockdowns in place across much of the country, is now still a good time to look for a new job? After falling to a 10-year low in June, the unemployment rate is again tipped to edge higher... Read More
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Financial Insights & Updates - August 2021
Welcome to the August edition of Financial Insights and Updates.
This month we have part three of the video series on the future of retirement presented by the ABC’s Alan Kohler.
The video this month looks at Australians who have not been able to retire yet, either by choice or not. It also talks about getting retirees to use their retirement income more efficiently to live a better life, rather than just drawing the minimum pension amount. It explores the debate on whether retirees should use up all their pensions or leave some as inheritance. The current issue of low interest rates and its impact on the returns in pension accounts is also discussed. The video goes on to talk about Reverse mortgages and the Pensions Loan Scheme and finishes with urging people to seek advice from a financial planning professional.
Two of our articles this month, “Not ready to retire – This might be another option” and “How much can we spend in retirement”, are good supplementary reads following the video.
Another interesting article is “Super Success for Women”, which discusses the disparity between super balances of men vs women and provides some simple steps the latter can take to boost their retirement savings.
In signing off, please remember that we are always available to answer any questions or queries you may have.
Warm regards,
The Team at Savanna Pride
Feature Video: The Future of Retirement with Alan Kohler:
Part Three - 7.30
(Please click on the image below to watch the video)
https://www.youtube.com/watch?v=bU0mka1GAY0
Not ready to retire? This might be another option
The word “retirement” conjures up many images. While most baby boomers might be dreaming of more time on the golf course or booking a cruise, you might be thinking about buying a business. Crazy? Maybe not... Read More
How much can we spend in retirement?
Having spent most of our lives accumulating retirement savings, it is easy to understand why retirees are fearful of spending their hard-earned nest egg. This article explains how an adviser can help evaluate the... Read More
Do you have the right protection for your loan?
Buying a property is one of the biggest investments many people will make in their lives. When it comes to securing a mortgage, many buyers may be so focused on the immediate steps ahead that they don't consider... Read More
Super Success for Women
While women earn less and spend less time in the workforce than men, sharply eroding their super contributions throughout their working lives, there are some simple steps women can take to boost their retirement... Read More
Investing: how to reduce concentration risk
Concentration risk. No, it’s nothing to do with thinking too hard about something. In fact, it’s more likely to be a result of not paying enough attention.. Read More
Investing in trends
What are some of the big ideas, the themes, that are likely to influence the economy, both locally and globally, in coming years? How about Australia’s aging population? As we collectively grow older we should see... Read More
Tax deductible donations: Get the most out of giving back
Giving to charity can be a great way to help others and give your tax return a boost, but not all donations are tax deductible. Here’s what you need to know about making a tax deductible donation... Read More
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