Sky high property prices, a series of interest rate hikes, and a particularly stubborn bout of inflation have put pressure on many Australian households. Whether you’re a homeowner, renter or retiree, there’s never been a better time to keep on top of your financial plan.
In this month’s edition, we look at some of the strategies that current or soon-to-be retirees might employ to reduce their debt burden — and the stress that comes with it. And as an extra measure, behavioural economist Simon Russell offers some tips to make sure you’re getting the most out of your super.
Next, we look at how complicated the estate planning process can become when you have a blended family. And for parents who are looking to give their kids a leg up financially, we explore the ins and outs of topping up their super. Finally, we turn to aged care and how you might be able to broach the topic with your elderly mum or dad.
Enjoy the edition.
If you’re worried about entering retirement with lingering debt, here are a few things to keep in mind.
While your super can seem like a ‘set and forget’ investment, you might find there are more suitable options than the default ones.
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.
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.
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