“Don't sail out farther than you can row back.” This Danish saying is sound advice for anyone thinking of borrowing to buy a home, particularly now that interest rates are low and house prices are generally rising.
Over 80% of the actively trading businesses in Australia have 0-4 employees*. This means that many businesses are heavily reliant on their principal owners or key people to keep the business operating.
Life Insurance in Australia is undergoing a silent revolution. A small handful of insurers have finally understood that they should be acknowledging, and rewarding people who are actively engaged in their own health and wellbeing.
I wanted to introduce you to a colleague of mine - Susie. Earlier this year, Susie was diagnosed with breast cancer and following surgery, a number of weeks away from the office and follow up tests she has been able to return to work.
Succession planning is a topic that is often only considered once it's too late; by that I mean the business owner wants to get out suddenly, or worse, has passed away and the business is dragged through the probate process.
I’m often asked “when is the right time for me to obtain financial advice?”. As a rule, my response is that it’s never too early and never too late to seek the advice of a professional financial adviser.
Total and permanent disablement (TPD) is your financial back-up plan. It gives you the confidence to seize life's possibilities knowing you've made plans to secure your family's financial future... just in case!
As with any type of insurance the decision to put cover in place is a personal one.
The Actuaries Institute is presenting a report that suggests they could be!
Dreams of travelling can keep the mind busy for hours. One day I'll find a statistic that estimates what percentage of our lives are spent daydreaming of such things, be it a short trip to the Barossa Valley or swanning through Bordeaux... Much of my time with clients is spent discussing travel and importantly, how to fund it!
Changes to the legislation regarding Workcover SA entitlements on July 1 2015 mean that many people are considering taking a Redemption payment, which is essentially a lump sum payment to finalise the Workcover process.
My last article discussed a change in the definition to the Total and Permanent Disability (TPD) with a number of industry funds with their group insurance policies. The recent changes mean that a member is now required to be ‘unable to ever work in any paid employment again’.
Australia’s largest and most recognisable industry superannuation fund, AustralianSuper, has agreed to unilaterally alter the definition for Total and Permanent Disability (TPD) insurance to make it significantly more difficult for members to claim this benefit – a benefit for which they pay premiums from their own superannuation account.
Continuing on from Brenton's blog last week with money tips for the New Year allow me to elaborate on the final five tips.
So .......... you’ve recently started a new job and it's full on! But sorting out your super is an important part of the process of changing jobs. By taking a few simple steps to get your super organised today, you can help create greater financial security for tomorrow.
I'm regularly asked "how did you get into Financial Planning?" or "why are you a Financial Planner?". The short answer is that 'it happened purely by accident', but I have no regrets!!
I was never a boy scout as a kid, but had plenty of mates that were. I always remember their motto of "be prepared". That motto never really made too much sense to me until I got older (and well beyond scouts) but for most things in life now it's a case of being prepared.
5 March 2014 - posted in Insurance
Life insurance is purchased to protect yourself and the people you love. It is in place to ensure that they will be financially okay if you are unable to work. If insurance is not set up properly, the proceeds may not go where intended.