BMG Financial Planning and Accounting Albury Wodonga

September 2020

TRIS revisited | Money beliefs | Carer assistance | Rules of thumb | Cancer treatments

In this month’s newsletter, we begin with an overview of transition to retirement income streams. Our animation illustrates five common money misconceptions that can inhibit the development of a healthy relationship with money, both now and in the future. There may come a time in your life when you provide care to a loved one—we discuss the Government’s financial assistance to eligible carers. A financial rule of thumb is a general guideline or approximation that can be beneficial in basing initial plans or promoting initial actions—we provide a summary of several well-known financial rules of thumb. Lastly, there is a TED Talk by Dr Carl June, where he covers a ground-breaking treatment method in the fight against cancer.

Transition to retirement income streams (TRIS)

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.

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5 common money misconceptions

When it comes to having a healthy relationship with money, now and in the future, your money beliefs can play an important role. In this animation, we illustrate five common money misconceptions.

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Life event: Financial assistance to eligible carers

There may come a time in your life when you provide care and support to a family member, friend or neighbour. In this article, we discuss the Government’s financial assistance to eligible carers.

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A collection of financial rules of thumb

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).

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Dr Carl June: Advances in the fight against cancer

5-year survival rates for cancer can range from 16% (lung cancer) to 95% (prostate cancer). In this TED Talk, Dr Carl June, discusses a ground-breaking treatment method in the fight against cancer.

Launch Video