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Are you starting over?

For those of you working in the resources industry, you would no doubt understand the potential downside is the punishing rosters and long periods away from home that can take a toll on family and personal life. Sure, the money is good for the most part, but it comes at a cost. Unfortunately, some marriages suffer irreparably and many find themselves having to “start over” after relationship breakdown or divorce.  It can be an extremely difficult time and apart from the emotional strain, there’s the stress of having to rebuild financially.  You may find yourself in a situation where you’re left with minimal assets and essentially must start over. In this situation, it’s critical to make sure you have your superannuation structured and invested correctly. If you’ve come through a divorce with your superannuation intact, it may end up being your biggest asset. You really need to get it working for you and you need to make sure your income is adequately insured. If you’re starting over,…
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Do you know how much you’ll need to retire? - TAL Life Insurance

It is a good question.  Perhaps you think about it every now and then? 

Sit down with a qualified Financial Adviser and discuss your  current lifestyle needs and wants and maybe how you see your "retirement" lifestyle playing out.

Even the smallest changes you make to your super now, will have an impact on your super nest egg.


Be Smart with your Super.

I have a few posts and highlighted how superannuation is very much a long term investment.
And that it is important to have your superannuation invested appropriate to your retirement “time horizon” and risk profile. 
Understanding the numbers is important.For instance, if you are just starting out in your career and have a relatively modest super balance of $20,000, even a solid annual return of 10% will only yield in increase of $2,000 in your balance. 
By contrast, if you have a higher balance of say $100,000 then the same percentage return yields a $10,000 increase.Obviously this isn’t a complicated concept.However, it highlights the opportunity and importance of managing your super correctly from the very start.
Get your super performing early so that the balance increases and percentage gains translate into strong dollar gains for you.

Ok.So you’ve decided you want to do something about it.What’s the process? 
At Hindsight we understand that our clients quite often don’t have a lot…

Ways to make your super - well, super.

Are you an Employer of Choice?

Since 1 July 2005, most employers have been required to give their employees a choice of fund for their superannuation guarantee contributions.
Only if the employee fails to choose or chooses a fund which cannot be used by the employer, will the employer be able to choose the fund.
You are stuck no more.Since “Super Choice” was introduced, there is now a great deal of competition in the superannuation market given that employees can choose where to put their money.
A competitive market is good for consumers with an almost limitless choice of highly developed options for employees to choose from.
So, what does this mean for employers?  Many employers have identified Super Choice as an opportunity to offer their employees a more individualised option rather than then simply nominating an off the shelf industry fund.
At Hindsight Wealth we offer this service to employers.We come in, meet with each of your staff members privately, create and present a tailored superannuation and personal insur…

How Did Your Super Go in 2018?

We’re now two months post June tax time and before we know it, we will be seeing Christmas decorations and gifts filling  retail stores as December and summer creep closer!
One thing we can be sure of is that as our lives get busier and busier, we tend to put some things on the back burner that may not seem important to us at the time. 
Unfortunately, superannuation and insurance too often seem to fall victim to this train of thought. 
Perhaps you might still be in that “review” state of mind having just prepared all your tax documents?Take the time to have a quick look at your latest super statement you would have received for tax purposes this year.Did it perform well? Do you understand the insurances you’re paying for? 
The last 12 months has been very good for local equity markets.If your super fund hasn’t performed well, then it may be time to consider if the investment options you’ve chosen are suitable to your circumstances.
Make a new financial year resolution with yourself not to …

Do Aussies Still Want a Job in The Resources Industry?

Last week I read an article titled “Why Aussies aren’t rushing to fill the thousands of vacant mining jobs.”  See the below article extract:
“As the limping industry picks up again, and global companies including BHP, Rio Tinto and Fortescue start construction on new mines, a lot of Aussies who made those exact companies millions of dollars aren’t as ready to jump on a plane.

Five years ago, Australia was in the middle of one of its biggest mining booms in history.

Thousands of people became fly-in, fly-out (FIFO) workers, spending four weeks battling through 12- hour days and then jetting back home for a few days to see their families — before doing it all over again.

The salary was great, often cracking more than $150,000, but the sacrifice was even greater.

The FIFO profession earnt itself such a bad reputation that a number of Aussies who worked in the first boom have said there’s no way they’d go back again.”

Obviously, this is not a new school of thought for some of us.In fact, I’ve p…