Search results for: “Advisors”
-
How robo-advisors can optimize your superannuation portfolio
Superannuation is a critical component of a secure financial future, especially as we approach Retirement Age. Managing your superannuation portfolio effectively is essential to ensure that you have enough funds to support yourself during your retirement years. In recent years, robo-advisors have emerged as a popular and efficient way to optimize investment portfolios, including superannuation…
-
What is the role of financial advisors in managing my superannuation?
The first step in any financial advisor-client relationship is understanding your individual needs and goals. A good advisor will ask you questions about your: By understanding these factors, the advisor can tailor a superannuation strategy that aligns with your unique circumstances. Choosing the Right Super Fund Australia boasts a diverse superannuation landscape with numerous industry,…
-
CPA Australia Advises Workers on Superannuation Guarantee Increase Impact
As the superannuation guarantee (SG) increase approaches on July 1, CPA Australia is advising workers to assess how this change will affect their finances and retirement savings. The rise from 11.5% to 12% in the minimum contribution by employers to their employees’ superannuation funds is expected to have a significant impact. Helect Calculator, Standard Function…
-
Netwealth and Hub24 Ride SMSF Surge in ASX 200
Investors seeking alternative options in the ASX 200 financials sector are turning their attention to self-managed super funds (SMSFs), which are experiencing significant growth. The total balance of SMSFs recently surpassed $1 trillion, with a notable increase in the number of funds being established, particularly among younger age brackets. The Guru’s Guide to Self-Managed Super…
-
New Super Contribution Rules Benefit Older Australians Planning Retirement
The Australian Government has recently announced changes to the work test for voluntary super contributions for individuals aged 67 and over. This alteration, set to take effect in the near future, aims to provide more flexibility for those looking to boost their retirement savings. Understanding the implications of these modifications is crucial for individuals in…
-
Preservation Age in Australia: Retirement Flexibility and Financial Planning
Australians can access their superannuation at the age of 60 if they have stopped working, or at 65 if they are still employed. This age, known as the preservation age, marks a significant milestone for many individuals as they transition out of the workforce. Originally set at 55, the preservation age was later extended to…
-
Australian Superannuation Strategies Amid Global Trade Uncertainties
In the midst of escalating global trade tensions and the uncertainty surrounding U.S. tariffs, many Australians are grappling with concerns about the impact on their superannuation savings. The implications of U.S. tariffs extend beyond American borders, affecting global markets, including Australia. These tariffs, essentially taxes on imported goods, can lead to inflationary pressures worldwide, resulting…
-
Maximize Superannuation Benefits Through Strategic Estate Planning
Estate planning involves considerations beyond one’s lifetime, extending to the distribution of superannuation assets posthumously. Proper preparation can help loved ones avoid excessive taxation on inherited super balances. Experts emphasize the importance of strategic planning to maximize the financial benefits for beneficiaries. Wills and Estate Planning: The Essential Guide for Australians | $26.91 Terry Vogiatzis,…
-
Government Introduces Stricter Standards for Superannuation Member Services
The Australian government has initiated a crackdown on subpar member services in the superannuation sector, particularly focusing on delays in processing death benefits and insurance claims. Treasurer Jim Chalmers and Minister for Financial Services Stephen Jones announced the introduction of new mandatory industry standards to address these issues. Better Australia: Politics, Public Policy and How…
-
Experts Advise Caution in Adjusting Investment Portfolios for Growth
Investors often wonder about the right timing to adjust their investment portfolios, particularly during periods of market volatility. Experts caution against making hasty changes based on market conditions, as history has shown that such knee-jerk reactions may not yield favorable outcomes. Tony Molina, a senior product specialist at Wealthfront, emphasizes that impulsive portfolio adjustments usually…