Principal Financial Planner at RP Wealth Management | Financial Planning l SMSF I Insurance l Property Advisory.
Our purpose is to provide our clients with sound advice and direction to assist with their financial affairs and help them make the best choices in achieving what is important to them.
A slowdown in manufacturing and continuing weakness in many emerging economies, as well as in Germany, has startled financial markets as we can see by the drop off in the first half of August. An escalation of the economic “cold war” between the US and China has threatened to derail global growth and affects markets globally. President Trump’s imposition and subsequent delay of additional rounds of tariffs has also been met with increasing nervousness.
Aussies are living 10 years longer than we did 50 years ago with a combination of medical advancement, increased life expectancy and more active lifestyles well into retirement. Expectations of retirement are also higher, whether that be overseas travel, learning a new skill or spoiling the grandkids. This increases the need to look at ways of boosting your retirement savings before the need to draw an income from those assets.
Recent changes to boost retirement income may go at least some of the way to achieving your dream retirement and providing for a healthy, independent and good life in your later years. While there are some changes that affect self-funded retirees, the changes generally relate to those with Centrelink entitlements.
Here are the three main areas where changes have been introduced as of 1 July 2019.
For the first time in years, the planets seem to be aligning for homebuyers and property investors. Interest rates are falling, property prices largely appear to be stabilising and constraints on bank mortgage lending have been relaxed.
It’s welcome news for first homebuyers and anyone who has been waiting on the sidelines for a signal that the downturn in house prices could be at or near the bottom in key markets such as Melbourne and Sydney.
As is always the case though with the national housing market, the full story is more than a tale of two cities.
If you haven’t been keeping track of your superannuation accounts and not contributing to benefits, you may lose some valuable benefits from July 1 if your fund has not seen a contribution for at least 16 consecutive months.
There are a number of new superannuation rules starting in a few weeks. Some rules will impact people taking time out of the workforce and also those that are closer to retirement.
To help reduce credit card balances, many people turn to balance transfer credit cards.
While these cards can help you reduce your debt, they do tend to catch people out from time to time by fineprint terms and conditions.
In this article, we’ll flag some common pitfalls and discuss the right way to use these cards so you can take a holiday from debt and be one step closer to financial freedom.
Both health and life insurance can seem complicated. We look at the differences in benefits and the value of having the protection of both.
What is health insurance?
Health Insurance is a personal insurance that helps cover the costs of medical and surgical care. The right health insurance product can protect you against a range of medical costs and surgical expenses. This might include emergency requirements – like stays in private hospitals, ambulance services and time spent in intensive care – or more everyday health expenses, like optical, dental or chiropractor appointments.