In this month’s newsletter, we explore the knotty subject of inheritances and some of the issues you might face when giving your children an advance on theirs. Then, financial educator Vanessa Stoykov looks at how bad money habits are formed and what we can do to break them.
We also explain how account-based income streams work and discuss some ways you might be able to tell if a comfortable retirement is within reach. Finally, Nicole Pedersen-McKinnon offers a few tips for anyone wondering where to put their spare money.
Enjoy the edition.
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.
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.
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.
Not sure what to do with the spare cash you have lying around? Financial educator Nicole Pedersen-McKinnon offers some tips.