“Wow. It’s almost Christmas” … “Where has the year gone” … Familiar cries for the start of December. What did you achieve in 2016? Did you achieve all that you set out to do? Chances are, you may not have achieved the financial and lifestyle goals that you thought you would have in 2016. One […]
Omniwealth
The viability of self-managed superannuation funds has changed
Starting your own self-managed superannuation fund (SMSF) has been a hot topic for over a decade now. In my time as a Financial Planner, I am observing that the age of clients seeking to open their own SMSF is becoming lower. Of all the new SMSF’s established in the last quarter, 29.8% had members between […]
Can helping your children be detrimental to your own retirement?
A lot of my clients are telling me “I want to help my children buy a home.” This is understandable given the average house price as a ratio to average income is the highest it has been in half a century (See graph below). However, when does helping your children become detrimental to your own […]
Three financial strategies to prepare for a world influenced by US President Donald Trump
What a year! Malcolm Turnbull won Government by a slim majority, The United Kingdom votes to exit the European Union (a.k.a. “Brexit”) and now Donald J Trump is President-Elect as the 44th President of the USA. What does the election of Donald J Trump as US President mean for Australian Investors? What Can President Donald […]
Asset thresholds and taper rates applying to the Age Pension asset test to change on the 1st January 2017
The asset thresholds and taper rates that apply to the Age Pension asset test will change on the 1st January 2017 and will affect all pensioners who are asset tested or become asset tested.
Ten years to retirement: what can you do and what to avoid
The average superannuation balance for Australians aged 45-54 is $151,500 for males and $90,800 for females. Australians aged 55-64 have an average balance of $322,000 for males and $180,000 for females.1 That really is not much. I call the last 10 years of working life the “home run” decade. It is the last chance that […]
Avoid the errors of the frugal investor who chases purchase price
The performance of a property investment and the function of the entire residential property market comes down to two key functions:
Omniwealth acquires established mortgage broker
Diversified financial services group, Omniwealth, has acquired Westminster Finance and Business Solutions to boost its capacity in mortgage and finance services for the firm’s clients.