What is your super worth? Are you tempted to check your account balance on a regular basis? This information is now available 24/7. We can log into our super fund account at any time and find out our account balance at the end of the previous business day. Having said that, not all super funds […]
This week I was asked about a person in their early 60s who has retired from the work force. Briefly, they have roughly $500,000 in super and still have an outstanding mortgage of just over $300,000 on their home. The question was – should they use their super to pay off their outstanding home loan […]
For most people, superannuation is the “go-to” preferred structure for retirement savings. It is convenient, tax-advantaged and most superannuation funds offer a wide range of investment options enabling their members to structure their savings in a manner they find most comfortable. However, superannuation has its limitations. Today, I will deal with one. Before 1 July […]
Nearly every Saturday at 11.30am, Donna (my partner), Scout (my dog) and I visit my mum in the aged care facility where she now resides. Prior to COVID-19, visiting mum meant we were able to take her for out for coffee or to the shops, which she enjoyed immensely. During this time of COVID-19, taking […]
The Commonwealth Seniors Health Card (CSHC) is a concession card issued to a person who is old enough, but not entitled, to receive either an Age Pension or a Veterans Affairs service pension. Card holders are entitled to concessions in relation to their health care and the purchase of prescription medication. Also, depending on location, […]