Generally, you can, but there may be other things to consider. When you access your super at retirement, depending on your age and personal circumstances, your super fund may ask you to sign a declaration stating you intend to never return to work again. However, there could be compelling reasons as to why you might … Read more
The Buy Now Pay Later sector is winning-over the youth demographic with the promise of instant gratification, but leading mortgage brokers are warning that with every sugar-high comes the risk of a corresponding low. ‘Buy Now Pay Later’ providers such as AfterPay and Zip Pay have experienced massive growth in popularity, with the number of … Read more
Some people think that once retirement has arrived there’s little more to do when it comes to their super. But don’t forget, anyone retiring at 65 years of age may have a life expectancy of around 20 years1, so there’s still many things to consider as superannuation needs to last for the retiree’s foreseeable future. … Read more
By Robin Bowerman, Head of Corporate Affairs, Vanguard Australia Many Australians know that investing will always come with some level of risk, namely the potential to lose money. In a recent Vanguard report on Australian attitudes towards investing, 20 per cent of those surveyed cited “worry of making a bad investment” as a barrier to … Read more
If eligible, older Aussies can put up to $300,000 into their super using the money from the sale of their main residence, regardless of caps and restrictions that otherwise apply. If you’re aged 65 or over and are looking to boost your retirement savings, you may be able to make a tax-free contribution to your … Read more
If you have more than one loan, it may sound like a good idea to roll them into one consolidated loan. Debt consolidation (or refinancing) can make it easier to manage your repayments. But it may cost you more if the interest rate or fees (or both) are higher than before. You could also get deeper … Read more
See the average super balance for your age group, so you can get an idea of how your super savings compare. Your super balance will most likely play a big part in how comfortably you live in retirement. However, depending on how far off retirement is for you, it might be difficult to gauge whether … Read more
From time to time, investors become irrationally enthusiastic. The important thing to note about these manic moments is that the investment theme underpinning them makes perfect sense. The narratives are rational; it is the market excess surrounding them that is not. In the early 1970s investors became transfixed by a group of seemingly bullet-proof stocks, … Read more
If you’re aged 60 or over, own your home and need to access money, releasing equity from your home may be an option. There is risk involved and a long-term financial impact. Get independent financial or legal advice before you go ahead. How home equity release works ‘Equity’ is the value of your home, less … Read more
