With an increasingly aging population there is going to be continued pressure to be able to fund your own retirement. The sooner you put into place practises to improve your worth when you retire, the more time you will have to get the maximum value from your retirement planning efforts.
At the end of the day we all desire a fulfilling retirement. The question is how is this best achieved? One popular option is the use of a Self-Managed Super Fund (SMSF).
While not everyone will want to set up one of these funds, it may be worth your while to take a look at some of the many benefits they offer, including: Continue reading
Today, almost every adult in the country has some assets to pass on after they die – even if it is only the balance in a superannuation account.
Most Australians will have considerable assets when their home, superannuation, insurance and other assets are taken into account. Failure to make appropriate plans, of which preparation of a will is just a part, is essential for the comfort and wellbeing of surviving relatives, or even a cherished pet, if that is your choice of beneficiary.
An illustration of the importance of this can be found in the case of an 18 year old who died without a will. Her superannuation fund paid out an insurance benefit of $80,000 to her estate and, because she had no will, it was divided equally between her parents. Her mother was upset because the girl’s natural father had left when she was only a baby and had no part in her upbringing. Perhaps if the girl had a will, she might have made a different decision. Continue reading