In the lead-up to divorce, it’s crucial for women to grasp key financial principles before taking this life-changing step.
The more you know about the threats to your retirement savings, the more in control you’ll feel whenever they arise.
For many people, the life insurance discussion only starts in earnest when children enter the picture. But how exactly can the right life insurance benefit your family?
While there’s an excitement to not knowing what your post-work years have in store for you, chances are you don’t want to put a foot wrong.
Losing a loved one can be a devastating time, and it’s made all the more difficult if it falls to you to handle all the death-related admin.
Many Australians enter retirement with a lot of their wealth tied up in their home. But extracting cash from your property doesn’t have to involve selling it.
Though we might understand that there are more important things in life than money, it can be hard to keep things in perspective when others seem to be spending with abandon.
Most people will experience a financial setback at some point in their lives. But there are some events that can turn your world on its head and force you to start over.
Your insurance shouldn’t be set-and-forget. In fact, there are plenty of situations where reviewing your insurance can leave you and your family better off.
We tend to associate the term ‘cash flow’ with operating a business, but familiarising yourself with the concept can strengthen your personal finances too.
Investors often fall into the trap of thinking they’re more skilled than they actually are. But even if you’ve experienced a handful of wins, things can quickly take a turn.
Financial literacy in school age children is important, but the stakes get much higher once your kids start working and earning an income.
Financial freedom is about being able to pursue the lifestyle you want without being weighed down by financial concerns. We explore how you might be able to achieve that.
There are plenty of different investment types to choose from, but one of the more important distinctions you’ll encounter is between passive and active investments.
As you or your parents grow older, it’s easy to find yourself worrying about the cost of aged care. But is it so expensive that you’ll be forced to sell your home?
Simon Russell explores some of the mental shortcuts people often rely on when conducting their financial affairs, and whether we should use them more or discard them altogether.
Transferring a property to your child isn’t just a matter of swapping out the name on the title. There might be significant costs that both parties should prepare for.
Despite all your planning and budgeting, there’s every chance that you’ll encounter surprise expenses in retirement. We examine just a few.
Your annual super statement is a snapshot of how your super is going, but it’s also an opportunity to take a look under the hood and make sure you’re happy with its current settings.
Your super is likely one of your biggest financial assets, and unfortunately that makes it a popular target for scammers. We look at a few tactics they might use and what you can do to help stay safe.
While your super can seem like a 'set and forget' investment, you might find there are more suitable options than the default ones.
There are plenty of ways to give your child a head start financially. But is contributing to their super a good idea?
It’s no easy topic to broach with your parents, but if you’ve been putting off the aged care conversation, here are a few questions that can help get the ball rolling.
If you’re worried about entering retirement with lingering debt, here are a few things to keep in mind.
Having a blended family can add a whole lot of complexity to the estate planning process. Here are a few strategies to help give you peace of mind.
Is it better to pass on your wealth with warm or cold hands? As always, the answer depends. But there are a few pitfalls you should be aware of with each.
If you’re thinking about retiring soon, take some time to review your financial position and think about which of the following categories you might find yourself in.
The Stage 3 tax cuts have finally come into effect. We explore a few alternatives to spending the money that might benefit you in the long run.
Your child is sure to learn plenty of important money lessons once they start earning an income, but there’s still plenty you can do to nudge them in the right direction.
Behavioural economist Simon Russell discusses some of the ways that our unconscious mind might be calling the shots when it comes to investing.
Superannuation, divorce and family law can be difficult enough to navigate on their own, but things can get especially complex when they’re bundled together. Here are some things to keep in mind when splitting super with an ex-spouse.
As the 2023-24 financial year draws to a close, we bring you a wrap up of important 1 July changes and some strategies to help put you in a strong position for the coming year.
If elaborate spreadsheets aren’t your thing, you might use these metrics to get a sense of how your finances are faring — and how far you have to go to reach your goals.
Knowing you’ll inherit your parents’ home may be welcome news, but things can get very tricky if you have siblings you’ll have to share it with. Here are a few avenues you might find yourself considering.
The Labor Government’s 2024-25 Federal Budget was unveiled on 14 May. We look at how the Government plans to manage the cost of living crisis while also keeping inflation in check.
If a relative or loved one dies owing money, does it fall on their next of kin to cover any unpaid debts? The answer might be more complicated than you first thought.
Take it seriously and your super will likely end up among the most important financial assets you own. Here are a few goals to keep in mind if you're looking to boost your super, no matter your age.
A redundancy payment can help lessen the sting of losing your job. These payments can sometimes be quite generous, so questions around tax are bound to come up.
You won’t be blamed for avoiding thinking about death and total and permanent disability (TPD) insurance. But depending on your occupation you might be doing yourself a disservice.
If you’ve given your child an early inheritance or a large sum to help buy a property, you might be wondering what would become of it if they were to split up with their partner.
Circumstances change, and you might be thinking about returning to work after having entered retirement. But is this allowed if you’ve already accessed your super?
Receiving a large sum of money can seem like a blessing at first. But the novelty and excitement can quickly give way to stress and decision paralysis.
Australians lost a total of $477 million to scams last year, with the majority of victims falling in the over-65 category. Here are a few common ploys used by cybercriminals you should be aware of.
Our post-work years often lack the structure and meaning that our working years did. For those looking for a substitute, volunteering might be the answer.
There’s been a lot of focus on the rejigged stage 3 tax cuts. But there’s another way to potentially reduce your taxes, and it receives comparatively little attention.
Today’s property landscape might seem unfriendly to first home buyers, but do younger Australians really have it worse than their parents did?
It’s not the end of the world if you and your partner aren’t totally compatible when it comes to money. But things can get particularly messy when one partner feels the need to lie to the other.
It’s common for retirement to not live up to our expectations. If you’re feeling nervous about your post-work years, here are a few things to keep in mind.
For some people, the financial impact of divorce can be as devastating as the emotional impact. Here are some tips to help you make it out the other side with your finances intact.
Many business owners understand the importance of keeping overhead low, profits high, and doing what they can to stay ahead of the curve. As individuals, we might be able to apply some of these strategies in our own lives.
If all has gone according to plan, you’ll have enough super to live comfortably in retirement. But there’s more than one way that super can be paid out, and what you choose to do with yours can make a big difference.
Cost of living pressures have piled on over the last 12 months, and many Australians have entered the new year with a sense of apprehension. For anyone looking to ease the stress, these tips might be a good starting point.
If the prospect of a comfortable retirement wasn’t incentive enough, there are a number of ways Australians can boost their retirement savings and save on tax at the same time.
How to accumulate money, spend it, and put it to work in service of our long-term goals are all important questions, and they tend to evolve as we age. Here are some common financial goals for each decade of life.
The challenges faced by both renters and first home buyers in 2023 look set to continue this year. Are you better off picking one over the other?
Retirement isn’t always as glamorous as it’s made out to be, but things can be especially challenging if the decision to leave the workforce wasn’t yours to begin with.
Whether you’re scouring the job boards or sitting across an interviewer, a prolonged absence from work can hurt your confidence. If you’re looking to get your career back up and running, here are some tips that might help.
Markets have seen an influx of new investors over the last few years, but many Australians remain painfully unaware of some of the tax rules that apply.
There’s a lot more to the estate planning process than getting your Will sorted. Here are a few additional items that, depending on your situation, you might need to check off the list.
No one knows with certainty what their post-work years will look like, but there’s a lot we can do to help secure the retirement we want.
For financial educator Vanessa Stoykov, changing our attitude towards money means first understanding all the things that shaped it in the first place.
During your retirement years, you can access a portion of your super to fund your day-to-day needs while the bulk of your balance remains invested.
An early inheritance can make all the difference in your child’s life, but there are plenty of issues you’ll need to be aware of before parting with your cash.
The Age Pension is an important source of income for millions of Australian retirees. But there are plenty of rules you’ll need to be aware of before you apply.
Being proactive when it comes to your super can potentially have major benefits. Here are some steps you can take to help bring the retirement you want within reach.
Writing a Will can be a daunting — not to mention emotional — task. But without considering these questions, your efforts at end-of-life planning may be incomplete.
The low fixed rates many Australians locked in over the pandemic period are gradually expiring. If you’re worried about what’s on the other side of the fixed rate cliff, here are some tips to help you with coping.
Learn to spot the telltale signs of fraudulent messages and help keep your finances safe.
Is your empty nest no longer empty? Here are some ways to navigate the emotional and financial challenges of an adult child moving back home.
If you’re looking to invest for your child, you should know there can be major drawbacks to doing so in their name.
Are you confident your super will go to your preferred beneficiary if you pass away? Here are a few scenarios that might cause trouble for you.
There’s more to your super statement than how well your fund has performed. Here are a few questions to ask when you receive yours.
For anyone with uni debt, the recent indexation increase of 7.1% might come as a shock. Here are a few things to keep in mind.
Super funds invest in many different assets to grow members’ retirement savings, including unlisted assets. But do you know how they work?
AI is on the rise, and one group that’s been quick on the uptake has been cybercriminals. Here are just some of the ways the tech is being used to scam and steal.
Beating inflation is no easy task, but Nicole Pedersen-McKinnon offers some handy tips to help make the rising cost of living more manageable.
The most valuable thing you own might not be your home, your car, or even your investment portfolio. We look at how to protect this often overlooked asset.
A lot has changed in the tax and super space this new financial year. Here’s a rundown of some of the most important items you should know about.
When it comes to your super, small decisions can have significant consequences. If you’re worried about things snowballing, consider these strategies.
High inflation may have complicated your plans to retire early, but there are few things you should consider before giving up.
Worried that you won’t be able to give your family a helping hand in life without dipping into your retirement savings? Here are a few tips.
Do you struggle with impulsive spending or find saving money a chore? These small behavioural changes could help.
Rising interest rates have been a thorn in the side of mortgage holders. But there is some good news to come from the RBA’s rate hikes.
If rising rental payments have fuelled your desire to break into the property market, here are a few government programs that may help.
As far as life changes go, a breakup can be among the most stressful. Here are some tips on how to make it out the other side with your finances intact.
We look at some of the reasons your pension payments might be falling short and what you can do about it.
Tax time is often stressful, but with a few smart strategies you may be able to minimise your tax burden and give yourself a nice little refund at the same time.
On Tuesday 9 May, Treasurer Jim Chalmers handed down the 2023-24 Federal Budget. Read about what the proposed measures could mean for you.
You don’t need a lump sum to keep the momentum going on your investments. Smaller, regular investments can be just as powerful.
If you’re suffering from Fear of Running Out (FORO), we’ve got some ideas to get you unstuck and on track with your future.
When mortgage repayments are on the up, using your home loan features to their full advantage can be a smart strategy.
We share some smart strategies to help keep your plans to start a family firmly intact.
Insurance premiums that are deducted from your super balance are easy to forget about. If you have insurance through super, read on.
Kick fear to the curb with some useful and practical tips on staying financially and emotionally resilient when things feel unsteady.
When was the last time you reviewed your Will? Do you even have one? Learn the common life events that can date your current Will.
Helping out loved ones is often part and parcel of being in a family. But are you overextending on your finances and time?
If you’re in your 50s and selling your home is on the radar, you may be able to use some of the proceeds to boost your super.
Contemplating a career change? Read on for some practical things to consider before you take the plunge.
Moving into aged care can be a daunting prospect. Louise Biti from Aged Care Steps shares some practical tips to help parents settle in sooner.
Conversations about money can be hard at the best of times. We share some tips on how to ease tension and get things flowing.
Learn some simple ways to help set yourself up to be fighting fit for the year ahead.
Behavioural finance expert Simon Russell shares some insights on the kind of goals that can lead to greater happiness.
Are you making the most of the types of super contributions on offer? We share three things that might just surprise you.
Investing in an education bond is one way to invest and save for a child’s education. We explain how they work.
Is a move to the country or coast in your near future? Make sure the practicalities stack up for you.
With the cost of fuel eating into household budgets, is it time to assess the financial merits of going electric?
If your leftover super is headed to adult children when you pass away, then be sure to take note of the significant tax implications.
With the holiday season upon us, now might be a good time to make learning about money fun. We share some ideas.
Taking some time out to reflect on the past twelve months can help set you up for a good year ahead.
Passing on your wealth to the next generation can come with complexities. Lawyer Katerina Peiros shares some common pitfalls to watch out for.
When is the ‘right time’ to sell a property? Read up on things to consider when weighing up your options.
Fraser Jack at Cyber Collective shares some essential ingredients to a safety-first mindset online, and practical tips to help protect yourself.
If you’re in the lead up to retirement, you may be wondering what you can do to help keep your retirement plans on track. Read on for some ideas.
If you have a habit of getting caught up in a last minute gift-buying frenzy, we’ve got some tips to help keep your finances under control.
On 25 October 2022, Treasurer Jim Chalmers handed down an updated 2022-23 Federal Budget. Read about what these proposed measures could mean for you.
Mortgage Broker Catherine Denney from Nook Money shares tips to help with getting a good outcome from a phone call to your lender.
When interest rates change, checking in on your savings strategy can be a good idea. We share some things to consider if you are thinking about investing in a term deposit.
Money worries can affect even the strongest relationships. We share some ideas on helping to keep financial harmony intact with your nearest and dearest.
Deciding on the type of aged care is often one of the most difficult decisions to make. We look at the main differences between in-home care, residential care, and retirement living.
Being self-employed can come with its challenges. If you have ‘lumpy’ income to deal with, here are a few tips on how to manage this income in good times, and bad.
Often the biggest realisations in life only come with lived experience. We share 5 life lessons that seem to have stood the test of time.
Is the thought of budgeting enough to make your eyes glaze over? Here are a few ideas to turn budgeting boredom on its head.
Simon O’Connor, CEO of the Responsible Investment Association Australasia (RIAA) shares some insights from their annual benchmarking report.
Is retirement something you dream about, or dread? We look at some things to weigh up when planning your retirement timeline.
Putting legal arrangements in place with family members might seem unnecessary, but it may help protect you and your children if things go wrong.
How is your financial health? Check in on your finances with these simple and practical tips.
Your annual statement can provide an opportunity to scrutinise your super. Here we cover some areas to review when it comes your way.
Hear from family lawyer Bhavesh Mistry about ways to get your financial affairs in order while you have time on your side.
Clearing debts can be a liberating experience. We look at good vs bad debt, and some common debt repayment strategies.
Introducing kids to the idea of investing to build long-term wealth could be life changing. We share some ideas on how to get the conversation started.
Deciding whether to boost your super, pay down your mortgage, or help your kids out is a common dilemma. We look at some of the considerations to weigh up.
The effects of the pandemic have led to significant increases in life insurance premiums in recent months. We look at what to consider before making any changes to your policy.
Read about some of the key changes to super, tax, and social security measures as the new financial year gets underway.
One way to prepare for uncertainty is to consider and plan for alternative outcomes. We discuss putting higher lending rates and mortgage repayments to the test.
With ESG investing continuing to be on the rise in Australia, we look at potential considerations when thinking about your investment portfolio.
Letting your kids in on money decisions can provide a great opportunity to pass on some money wisdom and learn a few lessons of your own.
Explore the strategies that can help with protecting the value of retirement savings, now and into the future.
When markets go up and down, revisiting the ‘golden rules’ of investing can often help with staying calm and confident.
Just when you thought you’d reached your limit, life throws more unexpected challenges directly in your path. Read on for some tips to get you through a difficult time.
Your money and emotions are interconnected, more than you might realise. Learn some handy tips on how to navigate uncomfortable emotions and make smarter money decisions.
If your saving efforts are feeling sluggish, here are some simple yet effective science-backed ideas to try on for size. One might just work for you.
EOFY is just around the corner. Learn 5 things that may help to reduce your personal income tax and/or provide for your retirement.
Stepping in to help children enter the property market might be a noble thing to do. But it can come with a few risks that are worth being aware of.
Vanessa Stoykov has known billionaires, millionaires, and those who aspire to be—and there are two common denominators that come up time and time again. Find out what they are.
Vanessa Stoykov has known billionaires, millionaires, and those who aspire to be—and there are two common denominators that come up time and time again. Find out what they are.
Becoming a master of delayed gratification means you can buy as many marshmallows as you want, forever. Delayed gratification is basically your ability to resist the allure of an instant reward.
Becoming a master of delayed gratification means you can buy as many marshmallows as you want, forever. Delayed gratification is basically your ability to resist the allure of an instant reward.
To be eligible to access super, you must be able to meet a specified condition of release. In this article, we give an overview of the conditions of release—which isn’t limited to ‘attaining age 65’.
To be eligible to access super, you must be able to meet a specified condition of release. In this article, we give an overview of the conditions of release—which isn’t limited to ‘attaining age 65’.
Between June and November of 2021, a group of Australians collectively lost an estimated $374,000 to a crypto investment scam. We hear a lot about the highs but there are also many lows.
Between June and November of 2021, a group of Australians collectively lost an estimated $374,000 to a crypto investment scam. We hear a lot about the highs but there are also many lows.
On 29 March 2022, Treasurer Josh Frydenberg delivered the 2022-23 Federal Budget. We provide an overview of key proposed policy measures that may be relevant to you and your personal finances.
On 29 March 2022, Treasurer Josh Frydenberg delivered the 2022-23 Federal Budget. We provide an overview of key proposed policy measures that may be relevant to you and your personal finances.
Vanessa Stoykov is a renowned Australian money educator. In this special financial education piece, Vanessa shares five simple questions worth asking yourself that could very well save you thousands.
In the finance industry, there can be a considerable amount of jargon. In this article, we help clarify some of the commonly used jargon within the personal insurance space.
At 30 June 2021, 65% of all SMSFs had a corporate trustee structure—instead of an individual trustee structure. In this article, we discuss SMSF trustee responsibility, eligibility, and structure types.
The Household, Income and Labour Dynamics in Australia (HILDA) Survey collects information on many aspects of life. In this article, we explore retirement trends highlighted in the 2021 HILDA Survey.
Vanessa Stoykov is a renowned Australian money educator. In this special financial education piece, Vanessa explains the benefits of safety nets—and three steps to consider when looking to build one.
“Our future self is the beneficiary or unfortunate inheritor of all our major decisions and daily choices.“ (Ganschow et al., 2021). In this article, we share an exercise on future self-continuity.
If you work casual or part-time, take time out of work, or have ‘lumpy’ income, it can mean periods where no super contributions are made. In this article, we discuss the carry-forward provision.
Many older Australians desire to age in place, though housing and care needs change as people age. In this article, we cover retirees ageing in place—and the concept of a liveable and adaptable home.
Vanessa Stoykov is a renowned Australian money educator. In this special financial education piece, Vanessa discusses reflecting on a most unusual year and planning for the new year standing before us.
For some of us, there can often be an investing behaviour gap between what we should do, and what we actually do. In this article, we cover recent research findings on investment switching behaviour.
Our super—and subsequent retirement income (and outcome)—can be boosted by, among other things, increasing our contributions. In this article, we cover boosting retirement savings with contributions.
Our present habits can often either help or hinder us in our pursuit of achieving our future goals. In this article, we discuss habits, and list 16 key financial habits worth considering for 2022.
Vanessa Stoykov is a renowned Australian money educator. In this special financial education piece, Vanessa shares why it’s key to set investment goals and follow through with a plan to achieve them.
When an underwriter assesses the information contained in an individual’s insurance application, the need to take risk-reduction action may be identified. In this article, we discuss revised terms.
One particular cost many families can often struggle with is the cost of child care. In this article, we cover incoming changes to the Government’s Child Care Subsidy—due to commence shortly.
In the 2021-22 Budget, key proposed measures were announced in relation to super. In this article, we provide an update on several of these measures currently sitting in parliament.
Vanessa Stoykov is a renowned Australian money educator. In this special financial education piece, Vanessa shares how children can alter our priorities and change our approach to long-term planning.
When it comes to tax on concessional contributions, some high-income earners may have to pay an additional 15% tax (Division 293 tax). In this article, we provide a brief overview of Division 293 tax.
APRA supervises institutions and promotes financial system stability. In this article, we discuss APRA’s new guidance and direction regarding home loan serviceability and income protection insurance.
Housing (homeownership) is a key factor influencing retirement outcomes—not just financially speaking. In this article, we discuss retirement and several things to consider with regard to housing.
Vanessa Stoykov is a renowned Australian money educator. In this special financial education piece, Vanessa shares ways to mentally get around the challenge of money-related stress.
Unfortunately, the potential to experience financial difficulty due to COVID-19 still persists. In this article, we provide a brief overview of two key Government COVID-19 financial support measures.
In our retirement years, a time may come when we need to consider aged care services to help with looking after ourselves. In this article, we discuss several different types of aged care services.
For the 2018-19 financial year, 436,952 individuals claimed on average $13,395 in deductions for personal super contributions. In this article, we briefly cover personal deductible contributions.
There can be many benefits to holding TPD insurance. In this article, we discuss several supplementary provisions contained within some TPD insurance policies focused on enhanced coverage.
One of the most important things we can do prior to our passing is ensure we have a valid will in place. In this article, we provide an update on various intestacy rules that exist in Australia.
For some of us, it can be challenging to grow our super. In this article, we briefly discuss several Government super contribution measures, which may help those eligible to grow their super for retirement.
Vanessa Stoykov is a renowned Australian money educator. In this special financial education piece, Vanessa discusses limiting thoughts and beliefs, and how to change your mindset for the better.
Vanessa Stoykov is a renowned Australian money educator. In this special financial education piece, Vanessa discusses several ways you and your partner can get on the same page when it comes to money.
In the 2020 calendar year, the total reported losses from scams was over $175 million (an over $32 million increase compared to 2019). In this article, we cover several of the different types of scams.
When it comes to deductions, it’s vital to understand what you can (and can’t) claim and the appropriate evidence needed to claim. In this article, we explore deductions for the financial year ahead.
Your retirement income (and outcome) can be intrinsically linked to your accumulation, and use, of wealth inside super. In this article, we provide tips on reviewing your annual super statement.
Vanessa Stoykov is a renowned Australian money educator. In this special financial education piece, Vanessa discusses the concept of life planning and money—and being the author of your own story.
Super is, without a doubt, complex and ever-changing. In this article, we share an important change to super following the recent passing of the ‘Your Future, Your Super’ legislation.
A new financial year can be an opportune time to take stock of your overall personal finances and make changes if needed. In this article, we provide a list of questions that may help you with this.
The commencement of a new financial year can see rates and thresholds increase (or decrease) and legislation take effect. In this article, we provide important information on changes from 1 July 2021.
An estimated collective total of $3.9 billion per year is spent on avoidable paid subscription services by Australian households. In this article, we explore spending and paid subscription services.
Personal insurances can be a key consideration when it comes to wealth accumulation and related health (and financial) risk management strategies. In this article, we summarise the main insurances.
Accumulating wealth in super takes, among other things, contributions. However, there are limits to this. In this article, we cover contribution eligibility conditions—maximum age and the work test.
From a wealth accumulation and cash flow generation perspective, super is widely considered one of the most tax-effective investment structures. In this article, we cover 11 key tax facts about super.
When it comes to achieving financial wellbeing, financial literacy plays a key role. In this article, we have put together a quiz to test your knowledge across various areas of your personal finances.
With 30 June coming up, please consider putting aside time to review your personal finances—and take action, prior to this date, if appropriate. In this article, we provide EOFY planning tips.
Treasurer Josh Frydenberg delivered the 2021-22 Federal Budget on 11 May 2021. We provide an overview of several key proposed policy measures that may be relevant to you.
In the finance industry, there can be a considerable amount of jargon. In this article, we help you to understand some of the commonly used jargon in the residential property investing environment.
According to ASFA, the lump sum savings required at retirement for a comfortable lifestyle is $640,000 for a couple. In this article, we cover building super savings together via spouse contributions.
The JobKeeper Payment program, which began on 1 March 2020, has now ended (on 28 March 2021). In this article, we provide a status update on several of the other COVID-19 economic response measures.
The contributions caps limit the amount that can be contributed to super. In this article, we provide details on the future indexation of the contributions caps (concessional and non-concessional).
When establishing an insurance policy, it’s important to choose an appropriate ownership structure. In this article, we cover total and permanent disability (TPD) insurance and ownership structures.
The Age Pension remains is a key source of income for many older Australians in retirement. In this article, we discuss the Age Pension and the eligibility tests that need to be met to qualify for it.
A number of variables influence the insurance premiums payable on a personal insurance policy. In this article, we cover one such variable, insurance premium style and the options available.
The income you receive will often be assessable for income tax purposes. However, there will also be instances where the tax payable may be reduced. In this article, we discuss several tax offsets.
The transfer balance cap limits the amount of super benefits that can be transferred to retirement phase. In this article, we provide information on the future indexation of the transfer balance cap.
There are over 100 lenders in Australia offering a combined total of nearly 4,000 different home loan products. In this article, we provide a general overview of home loan refinancing (or switching).
Diversification is a key risk management strategy used when constructing an appropriate investment portfolio. In this article, we provide information on investment portfolios and concentration risk.
The making of a resolution can often be sparked post-reflection by our need or want to seek positive change in an area of our life. In this article, we discuss personal finance-related resolutions.
Many, but not all, pursuits and pastimes are often accepted at standard rates in a formal insurance application. In this article, we provide information on these and other pursuits and pastimes.
The Parliament recently debated many important pieces of proposed legislation. In this article, we provide a summary of the main aspects of these now legislated taxation and social security Bills.
Australia’s retirement income system consists of a three-pillar approach. In this article, we highlight the key findings from the Government’s recently released Retirement Income Review final report.
A home loan will most likely be the largest, and most time/cashflow-consuming, debt that you’ll pay off in your lifetime. In this article, we provide information on home loan repayment considerations.
Super benefits may comprise of two components: a tax-free and taxable (taxed element) component. In this article, we discuss a re-contribution strategy—one way to increase the tax-free component.
In the 2020-21 Federal Budget, proposed changes to individual taxation were announced. In this article, we provide an overview of these now legislated changes and what they may mean for you.
In 2016, roughly 8.4 million (62%) of Australia’s 13.6 million home-owners did some kind of home improvement. In this article, we provide information on home improvements and overcapitalisation.
As at 30 June 2019, there were 900 different medicines in 5,455 brands listed on the Pharmaceutical Benefits Scheme (PBS). In this article, we discuss the PBS, as well as the Pharmaceutical Allowance.
A power of attorney is a legal document that gives someone the authority to manage your affairs on your behalf. In this article, we provide an overview of the different types of powers of attorney.
Treasurer Josh Frydenberg delivered the 2020-21 Federal Budget on 6 October 2020. We provide you with an overview of the main proposed measures that may be relevant to you and your personal finances.
The pressure that can come with making a financial decision can lead to no decision being made and no action being taken. In this article, we discuss financial rules of thumb (decision shortcuts).
A transition to retirement income stream (TRIS), among other things, may help you ease into retirement—reduce your work hours, while maintaining your income level. In this article, we cover TRIS.
According to ATO data, for the 2017-18 financial year, 8,950,205 individuals claimed $2,424 on average in work-related expenses. In this article, we discuss work-related home office expenses.
The receipt and review of your annual super statement can assist you to stay actively engaged with, and well-informed on, your super. In this article, we provide a review checklist to help with this.
The Treasurer delivered a ‘mini-budget’ on 23 July 2020—an economic and fiscal update. In this article, we provide a summary of the update, inclusive of the main personal finance-related points.
The construction industry (among others) has been adversely impacted by COVID-19. In this article, we provide information on the Government’s recently announced HomeBuilder grant program.
There can be many benefits to holding life insurance. In this article, we discuss several supplementary provisions held within some life insurance policies that have a focus on enhanced coverage.
A new financial year can mean change—thresholds and rates can increase (or decrease), and legislation can take effect. In this article, we provide information on change occurring from 1 July 2020.
One of the most important things we can do prior to our passing is to ensure we have a valid will in place. In this article, we provide an overview of various intestacy rules that exist in Australia.
Life events can disrupt context cues and create opportunities to make decisions and implement new intentions and goals. In this article, we discuss financial needs and wants in a post-COVID world.
When looking at long-term data, the workforce participation rate of those aged 65 and over has steadily risen over the years. In this article, we discuss working during retirement and the Work Bonus.
With the end of financial year on the horizon, it’s important to review areas of our personal finances, and take action if required, before 30 June. In this article, we discuss EOFY planning tips.
In two recent articles, we provided overviews of the Government’s economic response to the COVID-19 pandemic. In this article, we provide an updated overview of the now legislated JobKeeper Payment.
To access super, a condition of release must be met. In this article, we list these conditions of release, and also provide information on the potential long-term impact of accessing super early.
When an adverse event does occur, the outcome for those with an appropriate measure in place and those without can be vastly different. In this article, we list various personal finance measures.
Economic and financial issues continue to emerge from the COVID-19 pandemic. In this article, we provide information on the Government’s support of businesses in this difficult time.
Economic and financial issues continue to emerge from the COVID-19 pandemic. In this article, we provide information on the Government’s support for individuals and households in this difficult time.
Over the past two weeks the Government has announced two economic stimulus packages to cushion the economic impact of the Coronavirus. A total of $189 billion is being injected into the economy by all arms of Government in order to keep Australians in work and businesses in business.
APRA has released several measures that affect income protection insurance. In this article, we provide an overview of these measures, especially in relation to the agreed value benefit type.
The returns of asset classes can alter our chosen asset allocation within an investment portfolio. In this article, we explore the importance of periodically rebalancing an investment portfolio.
Upon commencing a pension, you may have the option to nominate a reversionary beneficiary. In this article, we discuss the facts on this type of superannuation income stream death benefit nomination.
Older Australians are increasingly choosing to remain living in their own homes for as long as possible. In this article, we provide a summary of the aged care and informal care space.
The purchase of a consumer good or service can prompt the purchase of another consumer good or service, and so on. In this article, we explore household consumption and the Diderot Effect.
A limit applies to the amount of super benefits you can transfer from accumulation phase to retirement phase to support an account-based pension. In this article, we discuss the transfer balance cap.
Sarah Newcomb, Ph.D is a behavioural economist for Morningstar.
A resolution is a firm decision to do or not to do something. In this article, we discuss New Year’s resolutions, and why it can be challenging to keep these resolutions (and resolutions generally).
Change is inevitable. In this article, we cover legislative changes to the Higher Education Loan Program, the Farm Household Allowance, the Paid Parental Leave Scheme, and overseas welfare recipients.
Change is inevitable. In this article, we cover legislative changes to the PBS, redundancy payments, salary sacrificing arrangements, and self-managed super funds (NALI and LRBAs).
For many of us, work forms a major part of our daily lives. In this article, we discuss burnout, work/life balance, and the importance of practising self-care over the festive season (and beyond).
Getting ahead financially can involve an analysis of your existing financial situation; seeing if adjustments are required in one or more areas. In this article, we discuss household financial waste.
When transferring wealth before your passing, it’s vital to consider the potential financial impact to you. In this article, we discuss Age Pension entitlements, and the gifting and deprivation rules.
By Fernando Luque, a Senior Financial Editor of www.morningstar.es.
By Christine Benz. This article has been adapted for an Australian audience, having been first published for Morningstar.com. This is a financial news article to be used for non- commercial purposes and is not intended to provide financial advice of any kind.
By Christine Benz who is Morningstar’s director of personal finance and author of 30- Minute Money Solutions: A Step-by-Step Guide to Managing Your Finances. This is a financial news article to be used for non-commercial purposes and is not intended to provide financial advice of any kind.
Estate planning is about planning who gets what assets, at what time and in what manner upon your passing. In this article, we provide the answers to our recent estate planning crossword.
There continues to be a rise in the uptake by consumers of ‘buy now, receive now, pay later’ services offered by providers (e.g. Afterpay). In this article, we unpack the review of these services.
When investing for the future, it’s important to understand the different types of asset classes (i.e. cash, fixed interest, property and shares). In this article, we explore asset classes further.
In retirement, you may find your retirement lifestyle being funded by a variety of different sources. In this article, we provide an overview of Australia’s three-pillar retirement income system.
There are strict rules affecting who can receive a death benefit, the form in which it is paid and timing of the payment. Failure to adhere to the rules can mean SMSF trustees risk breaching superannuation standards and could also be fined by the Regulator. Until clarity is provided by the ATO, caution will need to be exercised before a death benefit pension is fully commuted and paid to the dependant, especially when they have previously received lump sum death benefits.
Estate planning is about planning who gets what assets, at what time and in what manner upon your passing. In this crossword, we cover the different components relating to the planning of your estate.
A bill, which builds upon the previously passed ‘Protecting Your Super Package’, recently passed through parliament. In this article, we explore the combined impact of these pieces of legislation.
As you make your way through your retirement years, you may start to find that your expenditure on healthcare increases. In this article, we take a closer look at the Commonwealth Seniors Health Card.
Did you know that several wealth accumulation strategies can be impacted by your total super balance (TSB)? In this article, we discuss your TSB and these wealth accumulation strategies in detail.
You may have received a letter from the ATO in recent weeks regarding your fund’s investment strategy and diversification requirements. The ATO letters are not an attempt to regulate and limit the control and freedom that you have but rather ensuring that if you wish to invest your assets in a certain way that you clearly articulate the reasons for doing so.
An important relationship exists between monetary policy, cash rates and interest rates. In this article, we take a look at what this relationship means for borrowers, savers and investors (retirees).
‘It’ll be right’ or ‘bulletproof’ is a health mindset held by some of us. In this article, we unpack key findings into the prevalence, incidence, risk and cost burden of ill health in Australia.
An account based income stream, can be one of the most tax effective ways to fund your retirement lifestyle. In this article, we discuss the top 10 facts about account based income streams.
Retirement income can often come from several sources. In this article, given the low interest rate environment, we discuss retirement in general, and also changes to the Age Pension deeming rates.
With a recently legislated Bill, many of us may have seen or are expecting to see a larger tax refund or smaller debt regarding our 2018-19 tax return. In this article, we explore LMITO, and tax refunds.
As a super fund member, you will be receiving your annual super statement soon. In this article, we provide you with a helpful checklist for reviewing this important document.
With a new financial year beginning, it is a perfect time to review your SMSF and give it a clean bill of health for the upcoming 12 months. The following list provides a series of considerations that you and your SMSF Specialist should review.
Australians tend to spend more on and around their payday (regular income payments), relative to their average level of daily spending. In this article, we explore consumer payments behaviour.
Are you looking for a broad overview of the existing self-managed super fund (SMSF) sector? In this article, we provide you with SMSF insights to help you get up to speed.
When it ticks over to a new financial year, often existing rates and thresholds increase, and new legislative instruments take effect. In this article, we discuss the state of play from 1 July 2019.
Several changes are coming to superannuation, and action may be required on your part prior to 1 July 2019. In this article, we discuss the recently legislated Protecting Your Superannuation Package.
Retirement is a time to relax and enjoy the fruits of your labours; but, can relaxing too much be a bad thing? In this article, we explore the physical activity and dietary guidelines for retirees.
Following the federal election results, the Coalition has been re-elected. In this article, we provide a brief overview of one of their new proposed measures, the First Home Loan Deposit Scheme.
In February this year, the Government passed legislation which prevents trustees of APRA-regulated funds from providing insurance to members with inactive superannuation accounts, unless a member has directed otherwise. At 1 July 2019, if an APRA-regulated fund is considered inactive for 16 months the insurance policy held in the fund will be terminated.
This article summarises the policy announcements the Coalition made before the election which we anticipate will be implemented by the Government
Many Bills managed to become Acts before the dissolution of parliament. In this article, we look at several of these pertaining to social security, superannuation and taxation.
Many Bills lapsed following the dissolution of parliament ahead of the federal election. In this article, we look at several of these pertaining to employment, social security and superannuation.
As we approach the end of financial year (EOFY), this can be an opportune time to do some fine-tuning in areas of your personal finances. In this article, we provide EOFY planning tips.
The Global Retirement Index assesses and compares the level of retirement wellbeing and security in different countries around the world. In this article, we explore how Australia ranks.
Prime Minister Scott Morrison has announced the Federal Election will be held on Saturday 18 May 2019. In the lead up to the nation heading to the polls, we have summarised the superannuation and taxation policies as announced by the major political parties so far.
A needs analysis can be an important initial step in the establishment of an appropriate personal insurance plan. In this article, we explore needs analysis and linked personal insurance policies.
The FIRE (Financial Independence, Retire Early) movement is a rather controversial social lifestyle movement that’s gaining some traction. In this article, we provide insight into this movement.
Treasurer Josh Frydenberg delivered the 2019-20 Federal Budget on 2 April 2019. We provide you with a summary of the main proposed measures that may be relevant to you and your personal finances.
Proper, ongoing management accounting is crucial for running a successful, long-term business. This is the same for your personal accounting. In this article, we explore personal financial statements.
Whether you are a wealth accumulator or retiree, determining an appropriate investment risk profile is important. In this article, we discuss the process behind this in further detail.
Insurance premiums can vary considerably from one person to the next due to the diverse range of variables at play. In this article, we explore several of these variables via a case study.
Being more energy-savvy in your home is not only good for the environment, but also for your hip pocket over the long-term. In this article, we provide a list of ways to become more energy-savvy.
The saying ‘asset-rich, but income-poor’ can be an accurate description of the financial situation of some retirees. In this article, we look at the Government’s Pension Loans Scheme.
A mindful money practice requires you to pay full attention to your money on a moment-by-moment basis. In this article, we explore the benefits of practising this approach in your daily life.
Several proposals regarding small and medium businesses, primary producers and farmers, consumers, aged care and education have recently been legislated. In this article, we unpack these for you.
With 2019 here, it’s time to kick-start your personal finances for the year ahead. In this article, we provide you with a financial checklist to help you take stock of your personal circumstances.
SMSF trustees need to truly understand diversification and ensure their fund’s investment portfolio is adequately diversified. 82% of trustees believe that diversification is important but in practice, many do not achieve it. Given the importance of having an appropriately diversified portfolio and its impacts on quality of life in retirement trustees ought to consider professional assistance in managing this important aspect of an SMSF.
How you decide to spend your time can affect your ability to achieve your goals and objectives. In this article, we explore the importance of reflection on your current time management.
Financial literacy is an important life skill. In this article, we provide you with a simple exercise that you may find helpful in terms of getting the ball rolling with your children.
The festive season spirit is centred on giving (not receiving), whether material or immaterial. In this article, we list ways to help you (and your children) embrace the spirit of the festive season.
For some of us, there will come a time when we part ways with our spouse for one reason or another. In this article, we look at several findings regarding the financial impact of divorce.
The finance section of the news, share market summaries and investor reports can often involve the use of technical words. In this article, we help you to understand share investing jargon.
Taking a proactive approach to retirement planning earlier means you can benefit from the power of compounding and give yourself flexibility along the way. In this article, we explore this further.
The First Home Owner Grant (FHOG) scheme is a one-off grant payable to first home owners that satisfy all the eligibility criteria. In this article, we delve into the details for each state/territory.
The financial lifecycle provides a simplistic framework upon which to understand the path people travel during their lives. In this article, we unpack what this means for you.
The Household, Income and Labour Dynamics in Australia (HILDA) Survey collects information on many aspects of life. We explore the financial literacy quiz contained within the 2018 HILDA Survey.
There are many subtle rules that we live our lives by. In this article, we discuss the 50/30/20 budgeting rule, a rough guide of how much money should be allocated towards needs, wants and savings.
When it comes to sources of income in retirement, superannuation plays a major role. However, for some women, it can be challenging to build up this retirement nest egg; we take a closer look.
For some of us, there can often be a ‘behaviour gap’ between what we should do and what we actually do. In this article, we discuss investment market cycles and investor sentiment.
“The most important investment you can make is in yourself.” (Warren Buffett). In this article, we explore this quote within the context of helpful spending suggestions for making the most of your tax refund this year; however, it also has broader application regarding how you may wish to approach life in general.
Super will be one of the biggest financial assets that you will ever own in your lifetime. Despite this, some of us find it difficult to actively engage with our super – often only doing so upon receipt of our annual super statement. As such, in this article, we discuss super engagement in greater detail.
Each year, the ATO releases guidance on what they will be closely monitoring when tax returns are lodged. Claiming deductions for work-related self-education expenses is a regular area of focus for the ATO – this year is no exception. As such, we discuss the ins and outs of this type of work-related expense.
In our daily lives, we are constantly confronted with consumer-based distractions of a predominantly ‘want purchase’ nature. As a result, staying on the path towards the achievement of your financial goals and objectives can sometimes prove difficult. In this article, we discuss this further.
When it comes to ageing and health in retirement, there are often three chapters that people will experience as they move through their retirement years. In this article, we look at this in terms of retirement planning and better informing your expectations of what retirement may entail for you.
We are now into the 2018-19 financial year; there are several finalised (as well as pending) legislative updates that are due to take effect either from 1 July or later in the year. In this article, we briefly touch on the top 10 that may be relevant to your financial situation, goals and objectives.
When it comes to saving habits, there are often three camps, regular savers, irregular savers and non-savers. Invariably, there is a relationship between saving motives and saving habits; however, external factors can sometimes be a disruptive force.
Insurance, in general, can sometimes be seen as a ‘grudge purchase’ as there can be a perception of little tangible value (until claim time). In this article, we explore the risk probability/impact matrix to highlight the value of personal insurances when it comes to managing certain lifetime risks.
For many of us, retirement age (and how we intend to fund our retirement lifestyle) is often guided by the rules relating to the accessibility of certain sources of income, for example, superannuation and the Age Pension. In this article, we discuss these rules in further detail.
From 2 July 2018, the Child Care Benefit and Child Care Rebate will be replaced with a new financial assistance payment for eligible families, the Child Care Subsidy. In this article, we explore the Child Care Subsidy in more detail regarding eligibility, payments and transitioning/claiming.
When managing your personal finances as a couple, it’s important to recognise and address any differences you may have regarding your beliefs on money and your money personality. We discuss ways to help you in this space through the fostering of communication, mutual understanding and teamwork.
The end of the financial year is nearly upon us. Where has the year gone? In this article, we discuss several end of financial year planning tips that you may wish to consider prior to 30 June – they may help in terms of minimising your tax liabilities and making the most of the money you earn.
Treasurer Scott Morrison delivered the 2018-19 Federal Budget on 8 May 2018. We provide you with a summary of the main proposed measures that may be relevant to you and your personal finances.
Reporting requirements commence for all SMSF's on or before 1 July 2018 where you have a retirement phase income stream at 30 June 2017 that continues to be paid on or after 1 July 2017. As event-based reporting is a significant shift in SMSF administration processes, it is essential that you understand the reporting framework and get it right.
Under the new Government changes to super, effective 1 July 2017, the 10% maximum earnings condition for personal superannuation contributions was removed for the 2017-18 and future financial years.
Have you ever compared your shopping list to the items listed on your receipt when you get home? Very rarely are they the same. Part of the reason for this is the fact that supermarkets are often specifically designed to influence your buying. We take a closer look at this – some of the tactics may surprise you.
An emerging preference over the last few years has been the desire by some investors to align their investment values with their personal values. In this article, we highlight some of the finer details relating to Environmental, Social and Governance (ESG) investing.
The Association of Superannuation Funds of Australia (ASFA) provides a regularly updated guide as to what it may cost to fund your retirement in the post-work years, depending on your age, marital status and lifestyle. We drill further down into the detail and provide some useful insights.
When it comes to recommending which insurer (and their offering) may be appropriate for you and managing expectations around potential outcomes of a formal insurance application, often an important step in the process can be the completion of a pre-assessment. In this article, we explain what one is.
Whether you are a business owner, manager or employee, you may find this article interesting. We discuss the benefits of businesses implementing workplace health and wellness programs. Put simply, research indicates that, healthy workers = healthy organisations = healthy business performance and productivity.
Residential investment properties are assets purchased to achieve an investment objective, and their acquisition is based on financial benefit. Income-generation is an important part of the rate of return equation. As such, we explore some considerations regarding attraction and retention of tenants.
Directly held property makes up approximately 19% of all SMSF assets, indicating SMSF trustees find it an important part of a diversified SMSF investment portfolio.
Perspective can be a powerful tool when used appropriately. Have you ever wondered how you compare to the average Australian in terms of financial attitudes and behaviours? We look at several of the findings from ASIC’s latest Australian Financial Attitudes and Behaviour Tracker (Wave 5).
In our daily lives, we are constantly confronted with situations in which we are required, or in some instances encouraged, to make a decision about what we spend our money on. We discuss several of the results from the renowned Marshmallow Experiment and how they may apply to your personal finances.
For some retirees, travel can be a high priority, especially early on in retirement. You may want to capitalise on the time and resources available to you by travelling whilst you are still fit and healthy. Here are some savings tips to help with planning that next trip away (wealth accumulators may find it helpful too!).
Without an appropriate Plan B in place, an unexpected passing, sickness or injury can often have a serious financial impact on your household. Consequently, when considering personal insurances we often think about covering ourselves. In this article, we discuss the Child Trauma Benefit.
The 2017 Budget introduced many proposed measures aimed at addressing the issue of housing affordability and several of these are now law. We will review the new laws and how they relate to a residential property investor, retirees wishing to downsize or a prospective first homebuyer.
By now, you may already have a fair idea as to which New Year resolutions were a little over-ambitious, and those that you may just see through to the end. In this article, we provide you with some helpful tips to succeed this year, as well as a few personal finance-related resolutions also worth considering.
In the age of digital technology and the internet, it’s important to keep your personal information secure and be alert to potential instances where someone may seek to obtain this from you for financial gain. In this article, we provide you with helpful tips regarding protecting your personal information.
Your will is normally the main document that facilitates the distribution of your assets to your intended beneficiaries upon your passing. In this increasingly digital age, your online ‘digital footprint’ or ‘cyber assets’, may also be an important inclusion worth considering.
With the holiday period almost here, it can be easy to let your holiday spending get the best of you. In this article, we provide you with several saving tips to help keep your holiday spending in check, whilst still allowing you to have the well-deserved break that you have been looking forward to.
How we pay for goods and services has significantly changed over time. The most notable was the move away from a barter system to what we now know as the currency system. Recently there has been talk regarding cryptocurrency, Bitcoin and blockchain. In this article, we explain what they are.
Warren Buffett, known as the ‘Oracle of Omaha’, is arguably one of the most successful investors of all time. In this article, we take a look at some of his most famous quotes and apply the meaning behind them to certain areas of your personal finances, such as investing, risk management and philanthropy.
Given the continual changes, it can be easy to see why some wealth accumulators and retirees have become frustrated with super; however, it’s important to remember the key benefits that continue to make it such a powerful investment structure. In this article, we discuss several of these.
Depending on your personal circumstances, you may find that an investment bond forms a component of your overall investment portfolio. In this article, we take a look at what an investment bond is and some important considerations before investing in one.
Financial stress can arise at any point in your life. The cause, and the resulting level of financial stress, can vary. It’s important to recognise and deal with financial stress when it does present itself. In this article, we explore several ways to help deal with financial stress.
One of the risks facing retirees is the potential of running out of money in your retirement savings by living longer than expected; this is commonly referred to as longevity risk. In this article, we discuss several considerations for retirees in regards to longevity risk.
Identifying and using surplus income can be helpful at any stage of life, whether that be during your wealth accumulation or retirement years. In this article, we look at household expenditure to identify areas where surplus income potential may be found.
To reach the finish line of a marathon, you need preparation, flexibility and perseverance. In many ways, retirement planning is the same, let’s consider some of the parallels between the two.
Whether you prepare your tax return yourself, or use a registered tax agent, it’s important to get your deductions right. In this article, we discuss several of the most common work-related expenses that you may be eligible to claim.
Returning to work after having a family may mean thinking about child care. In this article, we discuss the Child Care Benefit and Child Care Rebate provided by the Government to eligible families.
Your annual super statement has lots of important information to help you better understand your super. In this article, we cover some key things to check in your annual super statement before filing it away.
One important factor when considering the establishment of an Income Protection insurance policy is the benefit type. In this article, we discuss the difference between indemnity and agreed value.
When considering your personal finances, is there a battle between your present and future self? In this article, we look at the importance of aligning your present self with your future self.
The new financial year has ushered in many legislative changes when it comes to personal finances. These are most noticeable in superannuation, but also impact other areas. Read more about these changes and how they may affect you.
There are many benefits to holding Income Protection insurance. In this article, we discuss several supplementary provisions held within some Income Protection insurance policies that have a focus on enhanced coverage.
You’ve probably heard the saying, “Don’t put all of your eggs in the one basket”, but what does it mean? In this article, we explore the importance of diversification when it comes to portfolio construction.
The end of financial year is close. In this article, we look at end of financial year planning strategies that may be worth considering, when it comes to tax and superannuation.
If you or a loved one requires higher-level aged care services, but would still like to reside at home then a Home Care Package may be an option to consider. In this article, we take a closer look at how this service works.
The domestic housing market has received considerable attention over the last 12 months due to concerns around housing affordability, especially for new entrants. In this article, we discuss things to consider before becoming a guarantor on a loan for a family member.
Whilst on the path to financial freedom, occasionally it can be helpful to gain perspective along the way, by considering and then reflecting on the financial attitudes and behaviours of others. In this article, we look at several of the interesting findings from the 2017 Wealth Report.
The 2017-18 Federal Budget delivered on the 9 May 2017 was packed with several already anticipated moves, whilst also delivering a few surprises. In this article, we provide a summary of the main announcements that may affect you.
If you are considering selling a small business or the assets it uses, you may be eligible for a range of CGT concessions to help reduce the capital gains tax associated with the sale. We discuss the several concessions that may be available to you.
For the majority of people, being able to live independently in your home as you age is what you want, but the reality is that sometimes you may need some help. In this article, we focus on the Commonwealth Home Support Programme.
The foundation of goals-based investing lies in ensuring that there is alignment between your financial goals and objectives, tolerance for risk and the way your investment portfolio is ultimately invested. We explore this in a little more detail.
It is probably safe to say that at some point in your life you have opened your electricity bill and have been a little surprised with the total amount due – and, not in a good way. We charter our way through the ‘household-electricity-sphere’ to help you become a little more energy-savvy in the future.
The annual concessional and non-concessional contribution cap limits (and the maximum bring-forward rule) will decrease from 1 July 2017. We explore the opportunities to maximise your super contributions now and into the future.
According to recent research, approximately 45% of Australians pass away without a will, or intestate. We explore why DIY will’s may not be the solution to your estate planning needs.
A belief held by many economists is that there is at least one more interest rate cut expected from the Reserve Bank of Australia this year should employment, wages growth, and household spending continue to remain sluggish. We examine interest rate predictions and what they may mean for you.
The ongoing debate about private health insurance appears to be a constant one among Australians, especially when premium increases each year come to the forefront. We look at several reasons to consider retaining or taking out private health insurance.
When considering the potential for a future claim on our Trauma insurance, we often think about the big four traumatic medical events e.g. heart attack, stroke, cancer and coronary artery bypass. It is important to remember that contemporary trauma insurance policies now also provide greater protection with the provision of a much larger range of specified medical events.
For many of us that make resolutions, during or at the end of the year, we often unfortunately set ourselves up to fail. This may be due to a combination of factors such as unrealistic expectations, ill-defined goals and objectives, poor time management skills, the wrong mindset or simply just getting distracted with life. Find out about the SMART principle and its application to budgeting.
The dust has now settled, and several new tax and superannuation bills have been formally passed through the House of Representatives and Senate corresponding to the Government’s ‘Superannuation Reform Package’ announced back in the 2016 Federal Budget. The majority of the Government’s proposed changes have made it through parliament.
We generally expect that our wishes for medical treatment will be respected, but what happens when we are not able to make decisions, due to an accident, sudden illness, or a progressive disease. Having an advanced care directive is a way to ensure that our preferences for medical treatment are considered at a time when we may be unable to express them.
For many of us Total and Permanent Disablement cover forms a component of our overall personal insurance plan; in the event of a disabling sickness or injury it has been designed to help to take the financial stress off the table at a time when our world has been turned upside-down. In this article, we explore the types of claim definitions available and their respective differences.
When devising a retirement plan, there are several different strategies that a financial adviser can employ to make sure that you have enough to meet your retirement lifestyle needs. This may or may not include relying in part or in whole on other sources of income such as the Age Pension at some stage. We’ll focus on one such strategy – the ‘bucket’ approach.
Wealth accumulation can be as simple as putting aside money each week into a high-interest savings account, paying down your debts, or building a diversified investment portfolio inside or outside of superannuation. Does the family home also come into mind when considering your personal wealth?
According to recent data, there has been an increase in the number of pre-retirees – 55-64 year olds, participating in the sharing economy (such as Uber, Airbnb and Gumtree) in an attempt to boost their wealth and income.
Have you ever sat around the dinner table with a friend or family member or attended an ‘investment’ conference or seminar and repeatedly heard someone say, “Now, this is not a pyramid scheme”? Pyramid schemes are illegal schemes under Australian Consumer Law.
There’s been recent cover in the news on how we are becoming increasingly exposed to gambling, due in part to the many options now available to us online. Being more informed can help you gain a better understanding of how gambling can impact you and your family.
Regardless of your age, one of the ways to help you grow your wealth and prepare for retirement is to take an active interest in your super sooner rather than later. A good place to start is with some simple housekeeping. If you have multiple super accounts weigh up the pros and cons and consider the impact this may have on your end ‘retirement nest egg’.
In our busy lives, talking about money matters with our family may prove to be a daunting and sometimes emotional subject, especially around the dinner table. However, avoiding these often difficult conversations may have several drawbacks in the future.
When most people think about investing in property they tend to think about residential homes or commercial properties such as shops, offices or industrial buildings. But there is another way to invest in property through listed property securities often referred to as Real Estate Investment Trusts or REITS. What are REITS and how do they work?
The official cash rate in Australia now sits at a record low 1.5 per cent. The Reserve Bank of Australia cut the official cash rate in August for the second time in 2016. So why do interest rates move up and down all the time?
Are you planning a renovation? Renovating a property is more than just a pure financial decision. It can have significant implications not only for your cash flow, but also for your lifestyle. So before you get going, take stock and make sure you’ve considered everything.
It’s that time of year again, it won’t be long now before your annual superannuation statements will arrive (if they haven’t already). Superannuation can be full of confusing terms. Deciphering the jargon can be a challenge. We explore some common terms to help you.
There is a common misconception that in order to give you need to be wealthy, and that the only thing you can give is money. But the truth is that there are many different financial and non-financial ways that you can give to others. See how you can bring philanthropy into your life and make a real difference.
The proposed changes to the Centrelink Age Pension announced in last years’ federal budget are now law, and will take effect from 1 January 2017. Two significant changes will be imposed, these may be good and bad news for Age Pensioners. It’s important to review these changes and understand how they may impact your or your family member’s entitlement.
A new financial year, just like a new calendar year is a great time to set new goals and make resolutions. For many people, setting resolutions is the easy part, but sticking to them can be quite difficult - some tricks on setting resolutions you can actually achieve.
In the current environment many investors are seeking additional sources of return for their portfolios, but with slower economic growth and low interest rates this can be difficult to find and can often lead to investing in higher risk strategies.
Breaking up is hard to do! Particularly when it comes to getting back in control of your finances. We outline some important steps that you’ll need to take following divorce or separation.
This year's Federal Budget included an array of changes to superannuation, for many people, this has created a window of opportunity to utilise super contributions prior to 1 July 2017. Here's what you need to know.
If the majority of a group is doing a certain thing, it becomes increasingly difficult not to follow the group. This pressure can affect many different aspects of behaviour, even decisions we make with our money. Understanding these biases can assist you in making better decisions.
Australians buy goods and services almost every day, but how many of us really understand what we’re covered for when it comes to making a purchase? It might surprise you, save you money and unnecessary headaches.
Insurance is one of those things many of us set-and-forget, but a quick review of your insurance policies at least once a year is a worthwhile exercise that can help save costs and ensure peace of mind. So where do you start?
Identity theft cost Australians in excess of $1.6 billion last year. In this article, we explore ways to protect your personal information and reduce the risks of falling victim to this serious crime.
The 2016 Federal Budget may impact you more than you think, mainly because your tax dollars go towards making it happen, but also because changes were announced that affect nearly every Australian.
There are many different ways to assist ageing parents in better managing their financial affairs and even small things can make a difference. We provide you with some useful tips to help you through this process.
With early diagnosis and advancements in medical treatment, the chance of surviving serious illnesses such as heart attack, stroke or cancer is much higher than in years gone by. However the process of recovery can be emotionally and financially draining. So how do we protect ourselves?
Tax time can be a breeze for some and a nightmare for others. As we are just a few months away from the end of financial year, now is the perfect time to organise your financial affairs with our end of financial year planning tips!
Different portfolio managers have different styles when it comes to how they invest. This article takes a closer look at active and indexed investing styles and the philosophies that guide them. Do you know the difference?
People often take a break from work to manage changes in their lives. When this happens, they’re also taking a break from receiving super contributions, which may affect their retirement savings. But there are things you can do to help manage this gap.
New changes to the Personal Asset rules for SMSFs will affect which assets count as investments and how they are to be treated if held by the SMSF. Review the changes to ensure you are across this before 1 July.
If you have a Gen Y in your family, you may have noticed that their attitude to money is different to yours. Here are some things you can do to help your Gen Y stay on track financially.
Moving in with a partner can be an exciting time, but don’t just jump in. Take the time to think upfront about the financial practicalities and what it could mean if things don’t go according to plan. This might apply to you or a loved one.
Do you have a robust estate plan and is it up to date? There are important things to consider as you go through the process of developing or reviewing your estate plan. These can make a big difference to your dependants and loved ones.
You may have heard about investor bias, but do you know how it affects you? Have a look at these common investor biases and see how they may influence your financial decisions. Even having awareness of them can help.
Making your home more energy efficient is a good way to save on bills and reduce environmental impact. Read more about what you can do here.
The New Year is here! Perhaps you are considering some changes this year – a new job, business venture, study or even a sea change? See our four steps to help you make it happen.
Personal insurance plans include a range of different kinds of cover to protect you and your family’s lifestyle in case of an unexpected change to your health. Make sure you know what the terms mean for you.
It’s nearly time to sign off from work and start the holidays. Give yourself a stress-free vacation knowing that your finances are taken care of by ticking off these financial ‘to-dos’.
The holidays are nearly here! Maybe you’re planning a getaway? Make sure you get the most out of your budget too - here are some ideas to help you out at this time of year.
With so many decisions to make in life, we often forget to plan. But certain events are too important to gamble with - have you planned for the things that matter?
These days there are many different ways people can change their living situation as they get older. Are you thinking about your next move? Explore the different options that might be suitable to you.
Do you know what your credit score is? Have you seen your credit report? Get informed about your credit history and find out how it affects your access to financial services. A lot more affects your credit score than you might think.
Spring property season is here and many investors are on the hunt. Perhaps you are considering whether investing in property is the appropriate choice for you? Here are some things you might like to consider first.
The investment markets are volatile once again. So what should investors do? It can be difficult to sit tight during turbulent times, but it’s important to maintain a balanced perspective. Perhaps these reminders can help.
We are living longer than we ever had before and the expectation is our life expectancy will keep increasing. So what income will we need in retirement, it ultimately depends on our desired lifestyle. Here are the numbers…
You might have already received your superannuation statement, if not it will arrive shortly. It is a great time to review the important aspects of your statement and what they mean to you. Here are 5 things we believe it is important to understand.
Have you spent your tax refund yet or are you planning to? There can be a number of worthwhile options when it comes to spending or investing your tax refund. You might utilise a couple of different ideas. We explore a few.
We all have a bad habit or two, whether financial or otherwise. This article shares the top tips for how to create a new habit or change an existing one. You might find it is simpler than you thought.
There are many things to consider when returning to work after caring for young ones. There are both financial and non-financial considerations. This article explores the important things that need to be considered.
Credit Card balance transfers can be a little tricky, however they can be beneficial. It is wise to compare apples with apples and be clear on honeymoon interest rates, fees and repayment terms. Find out what the benefits are and what to watch out for.
In this article we explain that when taking out personal insurances you have the choice of how the premium cost is structured and how much you will pay for your insurance cover over the life time of your policy.
You may have heard of the term salary sacrifice before but are not sure what it means or how it works? In this article we take a look at salary sacrifice in more detail as it relates to superannuation.
When the unexpected happens and unplanned financial expenses occur do you have the funds at call ready to cover them or are you someone who uses credit to bail yourself out?
When it comes to retiring, there are a number of risks that retirees face that are specific to the retirement life stage. This article explores the most common risks retirees face and how to prepare for and manage them.
Trauma Insurance was first introduced in 1983. What’s the purpose and why is it needed?
Is your superannuation balance bigger than your spouse’s? In this article we explore 4 common ways you can boost your spouse’s super balance.
The 2015 Federal Budget was relatively tame, with a big focus on creating jobs and stimulating economic growth. Our article looks at what’s in it for you. From the changes for the young and unemployed, for families, business owners, to the over 50's and the already retired.
While most of us can’t wait to finish work and retire an increasing number of Australians are also opting to maintain an active lifestyle and career into their 70’s and beyond. Why are people choosing to delay retirement?
Knowing just what to do with surplus cash can be difficult. How do you figure out whether it’s better to invest in your own name, pay down your mortgage or put more in your super fund?
The end of another financial year is fast approaching and now is a great time to think about the ways you can build and protect your wealth. Here are some great ideas in the lead up to 30 June.
Due to technology and social media, the boundaries are blurring between work and home and it?s becoming hard to separate work and non-work. What are the secrets to a healthy work / life balance?
Are you leaving an inheritance or a legacy? What’s the difference? We explain in this article.
It certainly isn’t recommended to make changes for change sake, but your Life insurance should not be established with a “set and forget” mentality. We take a look at 5 reasons why you may need to review your personal insurances.
How do you work out the value of your home when you want to put it on the market? Do you leave it up to the real estate agent to tell you what they think it’s worth, or should you set the price?
From a young age children are exposed to the concept of money and what they are taught about earning, spending and saving money can influence their adult relationships with money and whether they?ll have a successful financial future.
The restructure of a business may lead to a reduction in staff numbers with certain positions being made redundant. Most people whose position is made redundant find it a very difficult time to deal with.
Parents want lots of things for their children. They have dreams for them from the moment they are born. We explore the financial cost of a happy life, a good education and plenty of opportunities for your kids.
If an early retirement is something you aspire to, here are five things you need to know.
If you’re looking to go broke then here are a few tried and tested money mistakes that people make and which can put you on the road to financial distress, fast! If you don’t want to go broke, avoid these.
For most Australians, superannuation represents their largest single investment after buying their own home. The more you know about your super and the more control you have over it, the greater your chance of reaching your retirement income goals.
According to the 2013 Norton Cyber-crime report, around 5.4 million people in Australia were targeted by online criminals in the last 12 months at an estimated cost of $1.65 billion. Worldwide, around 556 million people were affected by cyber-crime at a cost of around $113 billion!
You may be aware that in the event that you are to pass away, your superannuation benefits will not automatically form part of your estate assets. Instead, superannuation death benefits are normally distributed via a beneficiary nomination.
When a marriage, or a de-facto relationship breaks down, the task of separating finances can be very difficult and stressful. This article looks into the financial implications of divorce with regards to asset splitting.
What if you could reduce the interest on your home loan without making extra repayments on the loan? An offset account may enable you to do just that.
The Christmas season - a time for giving, is fast approaching. Donating to charity is a wonderful way to support the wider community and those in need. This article takes a look at the ins and outs of donating to charity.
If you’re earning less than $37,000pa and you or your employer make concessional (before-tax) contributions to your superannuation fund then you may be eligible for a refund of up to $500pa. Our article explains how.
The benefits of a well-planned and executed home renovation are both financial and personal. Whilst renovating can be very exciting, it can also be quite stressful if not managed or budgeted properly. Here are our top tips to for planning a renovation:
Given the complexities of retiring, even with a plan, you can sometimes make mistakes.
But the good news is that we can learn from some of the more common mistakes that retirees make, in the hope that we may be able to avoid making them ourselves.
There are a few rules and limits with Non-Concessional Super Contributions. We explore the age-based contribution limits and the Bring Forward Rule and how they might apply to your situation.
There are fundamental differences between Joint Tenants VS Tenants in Common, we review the importance of getting it right when purchasing assets with other people.
This month we highlight the concept of 'real rate of return' and its importance when investing, particularly in low interest rate and high inflation environments.
It’s never too early or too late to start planning for your retirement. We investigate what an average retirement income looks like and how much you might need to save in order to live a comfortable retirement.
Investing in commercial property can be via direct investment or through a more diversified approach such as property syndicates or Australian Real Estate Investment Trusts (A-REITs). This article discusses the benefits and risks of commercial property investing.
For many people picking up a coffee on the way to work is as routine as brushing their teeth. But do you know what your coffee habit is really costing you?
Do you know if you are an Executor of somebody’s will? Before appointing an Executor in your Will, or agreeing to be an Executor of someone else’s estate, it is important that you understand the implications of this decision and the roles and responsibilities that come with the title of Executor.
In this article we explore the concept of imputation credits, also known as franking credits and how they can benefit Australian investors.
Money is often referred to as wealth and people measure wealth in different ways. Some think of wealth as being their total assets, whilst others use their annual salary and some their hourly wage. But what exactly is money and what does it represent to you?
You don’t need to be an economic whiz to understand the Federal Budget, just take a quick look at our “Jargon Buster – Federal Budget Edition” for explanation of key terminology used by politicians, economists and the media when talking about the budget.
The Treasurer Joe Hockey announced the toughest Federal Budget since 1996 with the tightening of the nation’s belt and a focus on cost cutting to lower the nation’s $49.9 billion deficit. The budget measures announced propose a reduction in the deficit next year to $29.8 billion and a gradual decrease over the next 3 years following to an estimated $2.8 billion in 2017/18.
As it has been said, there are two certainties in life – Death and Taxes. Death can be a little out of our control, however taxes can be something that we can proactively make a difference with. Kerry Packer was clear on tax minimisation...
The Australia Federal Budget is a hot topic at the moment and this article is a timely discussion explaining why the Australian Government has a federal budget, what it is designed to do and how it is implemented.
From 1 July 2014, the non-concessional (after-tax) and concessional contributions limits will increase as a result of indexation in line with average wages (AWOTE). Find out more here.
Self Employed with no super. For 25% of self-employed Australian’s this is the reality they are currently facing. Just because super isn’t compulsory for the self-employed doesn’t mean it shouldn’t be a priority. Our article explains why.
Recent changes to the Privacy Act have changed what information is recorded in our credit reports. Failure to pay our bills on time could now have significant consequences on our ability to secure finance in the future.
The decision on whether to give children pocket money, at what age, and how much will largely depend on your family values and financial position. What benefit does a little pocket money have in teaching children how to manage money?
We may not like to think about it – but when it comes to our death, it pays to plan ahead. Here are some steps you can take to reduce the financial stress that result from poor estate planning.
Did you know 83% of Australians say they have insurance for their car yet only 31% insure their income? In this article we explore the relative misunderstanding of the importance of personal insurance and the risk underinsurance creates for Australians.
This article explains in brief some of the key concepts relating to currency, currency risk and what changes to currency means for investors in international funds.
Did you know that there’s a simple way to work out how long it will take you to double your money? You might not even need a calculator!
Did you know that 88% of New Year’s resolutions don’t stick? Understanding why we so often fail at sticking to our New Year’s resolutions helps us construct a plan that will actually increase our chances of sticking with these resolutions.
These days many people are choosing to make a more gradual transition from full-time work to retirement. This article explores the various ways a Transition to Retirement Strategy could benefit you if you are nearing retirement.
It seems almost every second day the financial media is discussing Self Managed Superannuation Funds (SMSFs). Over the past decade SMSFs have become very popular, although they are not necessarily well understood. So, what is a Self-Managed Superannuation Fund, and what makes them different from a “standard” superannuation account?
Turning age 65 may signal retirement for many, but age is just one of many triggers that may indicate that you are ready to retire. In this article we look at three main considerations for timely retirement.
According to a recent survey and campaign by Foodwise, it is estimated that Australian Households throw out approximately $7.8billion worth of edible food each year.
There is a range of concessions available to Senior Australians. The type of concessions that apply will largely depend on your age, location and whether you're eligible for a pension from Centrelink, Department of Veterans Affairs (DVA) or are considered to be a self-funded retiree.
Understanding just when you are entitled to access your superannuation benefits can be confusing. Superannuation is designed to help you fund your retirement; therefore there are specific rules...
In this article we look at the role of the RBA and the different types of interest applied to loans as they reach each of us as consumers.
With the end of the financial year having just passed, it means it's now time to get ready to lodge your 2012/13 tax return! This article provides our top tips to help you prepare and get the most from your 2012/13 tax return.
When we were children, our parents spent a good deal of time taking care of us – and reminded some of us that one day, we would return the favour.
If you feel like you’ve run out of time to get your affairs in order, the good news is there’s a few considerations which can help minimise your tax, and make the most of the money you earn.
This year’s Federal Budget has been quoted as the Treasuer’s Swan Song. This article will briefly review the main points within the Budget.
This article takes a brief look into what is actually involved in the Federal Parliamentary Process and the steps that need to be taken to make a proposal into law.
If you've been following the news over the past month, then you may have noticed the increased discussion taking place about proposed changes to the superannuation system announced by the Labor Government in April 2013.
If your budget points to there being surplus income left over each pay, it helps to have a plan for these savings.
If you currently or previously have had a share portfolio or an investment property outside of super, you would usually be interested in how the investment is going. So where is your Super invested?
Children’s Trauma insurance provides a lump sum payment for a parent whose child suffers a major health trauma.
Importantly, superannuation differs from most other investments as it is not distributed via your Will when you die. Instead, you nominate your desired beneficiary for your superannuation through your fund.
Christmas is a time of giving and it’s very easy to overspend. Here are our tips to help reduce the new year debt headache or Christmas hangover!
In an age where the average person carries multiple credit cards, it still pays to pick the right ones.
As of the 30th September 2012 the first home owner grant for established properties will end. This will be replaced by the New Homes Scheme from 1 October 2012.
Becoming a parent leads to a range of new financial commitments and challenges. Spending patterns will change, as will your financial objectives.
The Age Pension is a Government financial benefit paid to Australian residents upon reaching a certain age, ranging from 60 years and up.
These days an unprecedented amount of personal information is stored on computers. Canny scammers readily look for ways to grab this information for their personal advantage.
As of 1 July 2012, the new credit card reforms can potentially help you make reasonable savings and enable you to clear your debt faster.
If things are a bit tight you may be able to spend less without making too many radical changes to your standard of living. Making small changes can make a significant difference over the longer term.
With the end of the financial year approaching, it’s worth revisiting whether there is anything else you can do to proactively minimise your tax liabilities.
If you missed the Budget, we have a summary for you, it has been described as taking from the rich and giving to the poor.
One way to fund lifestyle costs in retirement is to use the equity in your own home. Reverse Mortgages enable the homeowner to release equity from their home while still residing in the property. Like most things, there are pro’s and con’s to using a Reverse Mortgage.
The biggest asset for most people under the age of say 55 is their ability to earn an income. It’s easy to take this income-earning ability for granted especially when we are feeling reasonably fit and well.
A Line of Credit Loan (LOC) allows you to have both a loan account and a bank account. Sometimes this bank account is called an Offset account.
Higher volatility in financial markets is being touted as the 'new norm'. During choppy times in financial markets, investors are prone to making investment decisions based on fear.
One way to ride out the financial market volatility is Dollar Cost Averaging. This is a simple investment strategy that takes the guesswork out of the 'right' time to invest.
Have you ever thought of this approach to Christmas gift giving?
Consumer finance is a great tool for retailers to make expensive items affordable to customers and an ideal way for customers to purchase goods that may have otherwise been out of reach due to low savings.
For some, it may seem trivial to review the nature of compounding, but it’s such a powerful tool for any investor that it warrants a review in this article.
Here’s six things you can do to sharpen up your financial discipline. With 78% of Australians saying they are financially disorganised it makes sense to create a quick and practical way to inspire financial discipline.
An Accountant named Graeme decided not to have children, because according to his calculations, it was $250,000 per child to raise. The question is, what do you get for your $250,000?
Have you bought a ticket in the Lotto? Have you ever looked at the odds? What are the winning odds of buying a Lotto ticket every week for 47 years. You might be surprised.
Having no Will, or a poorly drafted Will, can have devastating financial and emotional consequences. It is therefore wise to understand what would happen to your assets if you were to die.
If you do have future financial goals, such as, retirement, buying a house, paying off your mortgage or buying a car or boat, then planning can certainly help achieve such goals in a timely and effective way.
Although some parents are dead against it, many like the idea of giving their kids a bit of assistance to get started into adulthood. Regardless of what you look at, the earlier you start, the easier it will be.
There was a sad story recently of a middle aged man who gave up his job and decided he would work from home trading shares. He had been to a share trading course and bought the software...
Poor calibration of confidence indicates that we are not really aware of what we know and don't know, leading to either overconfidence or underconfidence. Such a position can lead to costly financial mistakes.
What does it mean to calibrate your confidence? Consider the accident ratios for young drivers. Drivers under 21 are more likely to be in a car accident than those over 21. Is the reason for this inexperience and therefore a lack of driving competence?
Money Personality is an innovative tool which can be used to further understand your preferences for dealing with money. This article provides some interesting background on this concept.
Before you ask for your next payrise, or receive your next payrise, ask yourself “is this going to be just another insane payrise?” So what makes for an “insane payrise”?
The Henry Report into the tax system is out, as well as the Government delivered their Budget for 2010. Taking a step back from the detail, one thing is guaranteed – our financial system will keep changing.
The RBA Governor has recently warned us to expect that interest rates will continue to climb. So what should you do in an environment where interest rates are still on the rise?
Debt and leverage was one of the main causes of the GFC. How did people lose their homes?
As there are so many areas of finance, it can be overwhelming to review every area of your finances. Here is a short list of suggestions that might help you choose some areas that you would like to review or make a change in.
Your money personality indicates what you are likely to look at, and how you are likely to make a financial decision. It applies to both the significant and trivial, like buying a house, a car and an ice cream.
What is the best way to achieve financial success? Money and finance have been around long enough now that surely someone has come up with the best way to achieve financial success.
70% of people experience conflict around money; perhaps the other 30% just don’t talk about it. Swiss psychologist Carl Jung believes that conflict is seldom based on what we are trying to achieve, but an outcome of disagreements on what is the best way to achieve what we want?