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November 2016 – The Latest from our BMG Financial Knowledge Centre
With the holiday season approaching we thought we’d dive into the sharing economy – many people, especially pre-retirees, are now earning money from a growing trend towards ‘hollering an Uber’ and planning a getaway with Airbnb. Our animation this month takes a careful look at why it may be important to consider insuring both heads of the household, not just the main or sole breadwinner. Often underestimated, the family home is an asset to value and manage wisely in the journey towards building personal wealth. “It’s not a pyramid scheme!” Or is it? We provide you with some helpful tips on deciphering whether that investment opportunity might not be all that it seems. Also, sometimes we just can’t help but compare ourselves to others, however Mr. Bean and his ill-planned ‘Eating Competition’ do a great job in illustrating the pitfalls of ‘keeping up with the Joneses’.
And finally, with the changes to the Age Pension assets test thresholds and taper rate coming into effect from 1 January 2017, take some time to revisit one of our recent articles, ‘Will you be affected by changes to the Age Pension’, and if you have any questions or concerns regarding the Centrelink revisions please don’t hesitate to contact us.