The ATO estimates that incorrect reporting of rental property income and expenses is costing around $1 billion each year in forgone tax revenue. A big part of the problem is how taxpayers are claiming interest on their investment property loans. – Redrawing investment loans.
This article discusses the aspiration of early retirement and emphasises the importance of planning and dedication to achieve this goal. It highlights key steps, including assessing one’s financial situation, creating a tailored financial plan, minimising unnecessary spending, and diversifying investments to ensure a comfortable retirement lifestyle. – Roadmap to early retirement.
In this article, we will cover five essential steps to get you started on your journey to mastering the art of investing… You’ll be the Da Vinci of investing in no time! – Mastering the art of investing.
This article explores the age pension, compulsory superannuation, and voluntary savings. With many retirees unaware of these potential income sources, we delve into the significance of each and how they can work together to secure a stable financial future during retirement. – Retirement income 101.
This article provides a simple run down of Australian’s Aged Pension entitlements and how they sit alongside superannuation benefits. It provides insights into eligibility criteria, income and asset tests, and strategies for maximising retirement income through private pensions. – Unlocking the potential of the Aged Pension.
This detailed article includes a case study to show the financial differences between having private health insurance cover or not. It provides calculations to show what could be saved if someone decided not to pay for health insurance and explains the surcharge and loading applicable. – Health insurance 101.
Are you a young investor looking to pave the way for a successful financial future? In this article, we share some tried and true investment strategies that are perfect for those just starting out.
This article outlines the risks associated with investing in property and ways to mitigate these risk. – Property investment and how to avoid failure.
The article discusses why Millennials and future generations may never fully retire due to the rising cost of living, increased life expectancy, and higher expectations for a comfortable lifestyle. – Why you may never retire.
This article discusses why investors turn to gold during volatile economic times, the benefits and consequences of investing in gold, interesting historical examples of gold stockpiling, and options for modern investors to get exposure to this asset class. – Investing in gold: A timeless asset.
This article outlines the challenges facing millennials in Australia today, who are trying to plan for their retirement as they battle cost of living rises. – Retirement mapping for millennials.
This article outlines ways people can plan for their retirement. It examines what to budget for, how to do it and why readiness means more than finances. – Retirement: The longest “holiday” of your life.