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.…

Pay off the mortgage or get super tax breaks? Which option makes you a richer retiree?

You are in your mid-50s and on the career home stretch. You’re at, or are approaching peak earning capacity, the kids have finished school, are working and independent, and now’s the time to really focus on setting yourself up for retirement. Prime suspect: the mortgage. That is a natural and very visible target. It’s staring…

Government Super Report reveals need for increased productivity

By Steve Blizard   10 June 2018 Over the past month there have been an unusually large number of articles about superannuation. So what is going on? On the 29 May, the Productivity Commission released a report that documents various flaws in the current $2.6 trillion compulsory superannuation system. Since 1991, the design of default based…