Retirement
How To Find Lost Super Funds
Thursday, April 24th, 2008It is estimated that there is approximately around $10 billion in lost super. Around 5.7 million Australians are estimated to have lost super…For some reason most of us seem to have a cavalier attitude towards lost super…Now assume for a second that you are entitled to $5000 of inheritance – you would want to claim [...]
Industry Super Funds – Are They Any Better?
Tuesday, April 22nd, 2008We have all seen the ‘Compare The Pair’ ad on television – an interesting, simple and effective ad. The ad served its purpose – it aroused my curiosity…I did some quick research to find out how and why these funds perform better than the normal retail super funds. What Are Industry Super Funds These funds [...]
Sole Purpose Test For DIY Super Funds
Sunday, April 20th, 2008A recent survey done by Australian Taxation Office (ATO) reveals that 30% of people surveyed (people with DIY super funds) did not have clear understanding of what Sole Purpose Test means. This result is surely a big concern. Sole Purpose Test is one of the fundamental guidelines of a DIY super fund and failing to [...]
Self Managed Super Fund
Thursday, April 17th, 2008A detailed introduction to self managed super funds
Types Of Super Contributions
Tuesday, April 15th, 2008Super is quite a complex topic. However it is a topic which we all need to understand as it has a direct impact on the type of lifestyle we lead after retirement. I have written below my understandings of the types of super contributions…. Deducted / Concessional Contributions These are the contributions that are made [...]
Will Your Super Balance Meet Your Retirement Lifestyle Expectations?
Tuesday, February 19th, 2008A lot of people don’t plan well for their retirement. The general feeling is that since retirement is way ahead into the future, we don’t really have to worry about it for now. We also falsely assume that the super contributions our employer makes every month, should be enough to meet our needs in our [...]
How Do Reverse Mortgages Work?
Wednesday, February 6th, 2008Reverse Mortgages work in an opposite manner to the traditional home loans – hence the name ‘reverse mortgages’. With a traditional home loan you borrow money to buy a house and make regular payments to repay your loan and in the process you build up equity in your home. With a reverse mortgage, you borrow [...]
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