Wealth Creation Blogs Worth Sharing.

Odds are it’s been a while since you looked over your health insurance cover. It’s understandable - there are over 40,000 products in the market and premiums regularly go up. It can seem confusing and expensive, but there are still plenty of reasons to review it more regularly. First, reviewing your cover ensures you’re paying for the right things. Like your finances, your health changes as life changes and your health insurance should reflect it. If you review your health cover every year, you’ll have a greater understanding of its benefits, as well as making sure it’s keeping up with your changing needs. In addition to ensuring you’ve got the right cover for your situation, reviewing your cover may also save you money by making sure you’re only paying for what’s important to you. And it’s a valuable exercise to review your Health and suite of Life Insurance Products all together. If you do decide to switch, find an option that gives you confidence that you’re covered ...

Most of us are starting to think about getting back into work mode – or perhaps you are back at work already. Don’t worry, this is not going to be one of those “let’s look back over the last 12 months” chats where we remember which celebrities are no longer or who won major sporting events. What should you expect from the next 12 months? Well, nobody knows.  However, there is one certainty.  Markets will go up and markets will go down.   Consider this.  The Australian equities market is still approximately 18% below where it was 11 years ago so there’s plenty of upside just to get back to where it was.  In terms of your superannuation, you need to consider your time horizon, i.e . how long will it be invested for before you can access it. For a 35-year-old, they face another 30 years before they can access their super at age 65. Not only that, once they do retire at 65, they’re not going to take their super and spend it in one go....

The world’s ageing population has recently been described by the World Economic Forum as the financial equivalent of climate change.  A study of the world’s 6 largest global pension schemes (essentially the aged pension that governments pay those who have retired) in the US, UK, Japan, Netherlands, Canada and Australia found that by the year 2050 there will be a shortfall between what needs to be paid and what governments can afford of some $224 trillion. Governments simply won’t be able to afford to fund retirees via age pensions.  The main reason for this is the world’s ageing population, there’s an ever-reducing number of younger people in the work force generating income and taxes to fund the pension schemes that are designed to look after people when they retire. Traditionally, the three stages people would go through is they would become educated, work for 40 years or so, retire at 60- 65 and live off the pension until they died at say 70-75 at best. Mo...

A common misconception about income protection insurance is that it’s only for high-earners, but this isn’t the case. In reality, no one can afford to be without this safety net, regardless of the amount of income you earn. The only things certain in life are death and taxes—or so the famous saying goes. Thankfully, income protection insurance can add a positive guarantee to that list by safeguarding your quality of life, should an unexpected setback strike.  You can’t predict the future, but you can plan for it Nobody wants to consider an accident or illness impacting their health suddenly, but it’s a very real possibility. As well as changing your lifestyle, an unexpected illness could mean you need to take extended leave from work. It’s estimated that over 400,000 Australians suffer a heart attack sometime in their lives. i  Then there’s over 800,000 people of working age with disability, who were not working in 2015 alone. ii  It’s tempting to think th...

Say goodbye to the text and email back and forth tag game to find the perfect meeting time. Your job, your lifestyle, your family circumstance can change quickly.   Your super should reflect all your life changes as quickly as you do. In the new year, make it your resolution to have a check up on your latest super statement + insurances.   Just tap the Calendly link to book your 1 - hour mining super review with me.   Need a return Uber ex Brisbane CBD?   It’s on me.  Just let me know when you make your online Calendly appointment. The wet season in Queensland normally means December through to February is particularly slow.   That being the case, why not set aside an hour during your next hitch break to review your latest super statement?  Make a Calendly appointment with me for an online chat, a phone conversation or face to face appointment at our Hamilton Office for a coffee (I make a pretty mean latte)... ...

Superannuation statements. Boring, right? But if, like many people, you toss your annual super statement in a drawer or hit delete, you could be depriving yourself of many thousands of dollars just when you need it. It’s worth the small effort to take a closer look at your superannuation statement. If everything is in order, you’ll get a warm glow from watching your nest egg grow. Conversely, a quick check of your statement may reveal some of the common problems that occur with super; and the sooner these are fixed the quicker your savings can increase. What to look for The layouts of statements vary between super funds, but there is standard information that must be provided. Some items may appear in summary form, with a detailed breakdown shown elsewhere. Here are the key things to look for: ·        Contributions or funds in . This will cover employer and personal contributions, government contributions and rebates, plus any rollovers. If ...