EOFY planning | Loss aversion | Super access | Jobkeeper payment | Dollar street | Self-care tips
In this month’s newsletter, with 30 June on the horizon, we begin by discussing several end of financial year planning tips for wealth accumulators, pre-retirees and retirees. Our animation illustrates loss aversion, a type of cognitive bias that can influence our financial decision-making in a range of personal finance areas. Certain conditions of release can allow us to access super early; we unpack the potential long-term impact of doing so under a new, temporary condition of release. The JobKeeper Payment was recently legislated, with some changes; we provide an updated overview of this. We also share a TED Talk by Anna Rosling Rönnlund, where she discusses Dollar Street, an interactive tool that allows us to view the world as a street, ordered by income.
Lastly, with the current global situation, it’s important to take time to look after our physical, mental and emotional wellbeing. Below is a video by Doctors without Borders with several helpful self-care tips.
EOFY planning tips: Give your finances a boost
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.