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A millennial’s primer to all things superannuation

It’s never to early to start thinking about your Super – here are the basics of Australian superannuation.

  Over the past decade, Australian millennials like yourself have been getting involved with superannuation. From 2007 to 2017, millennials' share of super fund balances doubled from 6.4 per cent to 14.6 per cent, according to Roy Morgan. That said, McCrindle reports that millennials account for over one-third of the Australian workforce - so there's... view article
July 15th 2019

Face to face with financial advice – the first meeting

What does the first meeting with a financial planner look like? Learn how it is done at Invest Blue.

  The thought of coming face to face with financial advice… do the possibilities excite you? Or does it all seem a little overwhelming? You might feel like you want support with money matters, but don’t know who to turn to or trust. You may also be unsure if your situation warrants a full financial... view article
July 12th 2019

When can I access my super?

Depending on how much you have in super, it’s worth considering any implications of withdrawing this money, such as how the money may be taxed, and whether a withdrawal may affect Centrelink payments, such as the Age Pension.

  Superannuation is generally intended to help fund your retirement, but there are instances where you may also be able to withdraw your super savings early, depending on your situation. Here is a high-level summary as to when super may be accessible to you.   Understand how your decisions and actions today may affect your financial security tomorrow.... view article
July 5th 2019

Most older Aussies prefer home care over a nursing home

While nearly nine in 10 say they have a preference, less than five in 10 have discussed their wishes with their family. What about you?

  According to a recent study by McCrindle, nearly 90% of Australians aged 50 and over said they’d prefer to live out their days in their own home, even though most admitted to not having given much thought to what support they’d need in order to do so. i We look at some of the findings... view article
June 24th 2019

What info is on my credit card and why does it matter?

Find out what info is likely to be on your credit card report, how it could affect your ability to borrow money, how you can get a copy of your report and flag potential errors if you happen to find any, and some other things you’ll want to be across.

  Your credit report reveals whether you’ve been paying your bills on time and it matters because it could affect your ability to borrow money. If you’ve got a credit card, personal loan, mobile phone plan or utility account, there’s probably a credit reporting agency out there that has a file with your name on it. Credit... view article
June 21st 2019

Why we resist financial advice

What's stopping so many of us from seeking help? Let's examine the anxieties that may be holding many of us back.

  In our increasingly complex world, we're faced with more financial decisions than ever before. The environment we make these decisions in is growing more confusing, as well. There's endless information to process, economic changes to understand and life events to plan for. Despite this, fewer than 40 per cent of Australian adults has ever used... view article
June 17th 2019

Is it worth paying for a financial planner?

How much does financial planning cost? Does professional financial planning pay off? What other benefits can financial planning bring? Is a financial adviser worth your time and money?

  When it comes to finances, a lot of us are wandering through the dark. Over one-third of Australians don't feel confident when it comes to managing their money, and a similar proportion finds finances to be stressful and overwhelming, according to the Australian Securities and Investment Commission (ASIC). The same report shows that nearly half... view article
June 12th 2019

Protecting your Super and Insurance, what does it mean?

Recently, the Federal Government introduced the Protecting Your Super package. The intent behind the legislation is to ensure that the premiums for insurance policies inside super don’t erode the balance of inactive accounts. With the automation of closing Insurance accounts for those inactive accounts, many Australians could find themselves under-insured.

If you hold a Superanuation account that has been inactive (not received any contributions for 16 months or more) and you have not already notified your Super Fund that you wish to retain your insurance, it could be cancelled from 1 July 2019. If you have already taken action, or you are certain that you... view article
June 11th 2019

A better way to treat yourself: Spending money on time

Managing your money doesn't just mean scrimping and saving - it's about finding balance and choosing to spend or save in a way that sparks joy in your life.

  There's no shame in treating yourself to something nice when you have a sudden windfall of cash - but there could be smarter ways to achieve this. While a spa day or a fresh wardrobe feels great at the moment and maybe even for a while afterwards, there's a lot to consider when you start... view article
June 7th 2019