How to make the most of your super when paying for residential aged care

  by Louise Biti      9 Aug 2018   Australian Financial Review Residential aged care would be an expensive proposition if the government did not subsidise the cost of care. In 2016-17, the average subsidy paid by the government was $49,724 per resident. Residents generally pay for accommodation plus basic living expenses ($50.16 per day). They…

Five financial stages in everyone’s life

by Don Ezra We go through stages in our lives. Sometimes it’s useful to look at how our psychology changes as we move from one stage to another. This article describes five financial stages, looking at minimum, successful and exceptional standards. I don’t have numerical benchmarks for you. Individual circumstances vary too much for standardised benchmarks.…

How to help kids financially without a severe impact on your retirement savings

By Bina Brown   12 Jan 2018  Australian Financial Review   Family gatherings at this time of year may trigger talk of early inheritance or financial assistance with upcoming expenses. But, as they say on the airlines, fit your own oxygen mask before assisting others. It doesn’t matter whether the money is needed to pay for living expenses,…

20 Commandments of Wealth for Retirees

by Noel Whittaker Ignore the prophets of doom – they are always with us and usually wrong. Make sure your children have adequate insurance. It’s much more affordable than your funding their misfortune. Understand compounding, and appreciate that the rate of return your portfolio can achieve will be a major factor in how long your money will last. Understand the basics…