It’s natural to want the best for your children, but good intentions are no substitute for good planning.With these strategies, the ‘Bank of Mum and Dad’ can lend a hand without risking your financial future.
NICK BRUINING: Self-managed funds now account for nearly a quarter of the $4.33 trillion invested in superannuation. So why are so many more people unhappy with their DIY approach?
NICK BRUINING: There are steps you can take to deal with problems with your financial adviser and, in many cases, receive compensation if their advice was inappropriate for your circumstances.
High school and university students need to take advantage of a ‘unique opportunity’ that could help them land a job almost anywhere, according to billionaire serial entrepreneur and investor Mark Cuban.
NICK BRUNING: While pre and post-retirees are celebrating the Federal Government’s major backflip on its proposed $3m super tax, don’t for a moment think winning the battle means the war is also over.
NICK BRUINING: Many seniors accessing in-home care will be required to make new financial contributions based on their income and, for the first time, their assets. But there is a way to reduce the burden.
Bank lending to property investors has reached its highest level in almost a decade, as yields surge while care workers and teachers struggle to afford rents.
DAWN THOMAS: Whether it’s amateur sport umpiring or babysitting, your child’s first job can help them set good money habits while learning a system they’ll rely on for the rest of their lives.
NICK BRUINING: There’s a good chance over the next few weeks, you may receive a letter from your financial adviser telling you they plan to retire at the end of the year. Here’s how to avoid a lemon.
BEN HARVEY: It doesn’t make sense — the price of gold goes up when people think the sky is falling, and Chicken Little shouldn’t be in the market for a new house.
A senior Treasury official has revealed her department had discussed Labor’s controversial super tax plan with Anthony Albanese’s personal staff in a sign of changes being mooted.
Unless there are exceptional circumstances, we can’t generally access our super until we turn 60. Here are the conditions under which you might be able to get your hands on your savings earlier.