SMSF Investment StrategiesSharing Simple Strategies for Self Managed Super Funds
How to have a worry free retirement – Part 4
Today I read a newspaper article that covers a strategy that is not as well-covered in retirement planning as I think it should be. The strategy is on maximising your age pension entitlement. Most of the people I know who currently have well-paid jobs think Centrelink benefits are for poor people and do not think [...]
How to have a worry free retirement – Part 3
Thursday the 24th of November was Thanksgiving Day and this year we had something very special to be thankful for, as it was also settlement day for the last of our investment properties and the proceeds from the sale was enough to pay off our home mortgage. When we prepared our 10 year goals in [...]
How to have a worry free retirement – Part 2
Kingsley and I started doing our 10 year goals in 2005. We had very ambitious financial goals which included having a stock portfolio worth $1.5 million and a property portfolio worth $2.5 million because we thought this was what we would need to be financially secure. We saved aggressively by putting $50,000 into super every [...]
How to have a worry free retirement – Part 1
I am tired of the fear mongering about not having enough super to retire on. When I was working at the bank I would cringe every time I heard my colleagues echo what they had been told by the financial planners which was “if you don’t have at least $2 million dollars, you will be [...]
My First Financial Plan
Firstly, thank you to all readers who wrote in to wish my parents well after reading my rather depressing blog post which I wrote on March 19. I am glad to report that my parents are in much better shape by the time I left on April 16. During my six weeks with them, I [...]
Responsible Retirement Planning
Wow, what an eventful week we have had since last Friday when Japan was struck with a massive earthquake and tsunami, killing over 10,000 people. Just when we thought the worst was over, we heard about the problems with the nuclear reactors and now the bigger problem is with nuclear radiation. We still do not [...]
A Holistic Approach to Financial Planning
I have been busy working on one of my personal development goals for 2011, which is to get myself RG146 certified. Ever since I started this blog, friends who work in the financial industry have been cautioning me about writing about investment strategies without proper certification because ASIC has many regulations with regards to providing [...]
More bad news for super – not your money for another 7 years (or more)
If you are planning to retire at 60 and are counting on your super to provide you a nice tax free income after that, I am afraid you may have to rethink your retirement strategy soon. According to this article “Gillard warned of threat to surplus”, the government needs to find $2.4 billion in savings [...]
Rethinking your retirement strategy – why super may not be the most tax effective solution for you
If you are single or a couple where both parties are in the marginal tax bracket of 30 per cent and above, then salary sacrificing as much as you can into super is a no brainer as you immediately realise tax savings of at least 15 per cent or more on your contributions. However, this [...]
