Author: Recruitment Super
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Surge in Monthly Superannuation Checks: Aussies Taking Control
The latest survey by Money magazine conducted in early February, based on 594 responses, indicates a significant shift in Australians’ approach to monitoring their superannuation balances. The survey highlights that 40.7% of respondents now check their super balances on a monthly basis, a substantial increase from the 7.5% reported in 2023. Moreover, there has been…
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How to financially prepare for dementia or long-term care needs
As our population ages, the need for long-term care, particularly for individuals with dementia, is becoming increasingly prevalent. Planning for the financial aspect of dementia or long-term care needs is crucial to ensure that individuals and their families are adequately prepared for the potential costs involved. In this article, we will explore some key strategies…
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How to choose between a retirement village and aged care facility
Choosing between a retirement village and an aged care facility is a significant decision that many individuals and families face as they plan for their future or that of a loved one. Both options offer unique benefits and considerations, depending on the individual’s needs and preferences. In this article, we will explore the key factors…
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Protecting Your Superannuation Amidst Global Trade Uncertainty
In the realm of Superannuation News, safeguarding your retirement funds amid the backdrop of global trade uncertainties, particularly influenced by the tariff disputes instigated during Donald Trump’s presidency, is a paramount concern for many investors. The impact of international trade tensions on financial markets and the broader economy has created a ripple effect, prompting individuals…
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How to fund home care services with superannuation
Introduction Planning for long-term care services can be a daunting task, both emotionally and financially. As individuals age, there may come a time when they require home care services to assist with daily living activities. One option for funding these services is utilizing superannuation funds. Superannuation, also known as super, is a mandatory retirement savings…
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What are the best aged care planning strategies?
Aging is a natural part of life, and as we grow older, the need for proper care and planning becomes increasingly important. Whether you are considering your own future care needs or helping a loved one navigate the complexities of aging, having a well-thought-out aged care planning strategy in place is essential. In this article,…
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Surge in Monthly Superannuation Checks Signals Growing Financial Awareness
A noticeable surge in the frequency of Australians checking their superannuation balances each month indicates a growing financial consciousness among the populace. Recent research conducted by Money magazine in February revealed a significant uptick in the number of individuals proactively monitoring their superannuation accounts on a monthly basis, with 40.7% now engaging in this practice…
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How to reduce your assets to maximize Age Pension benefits
As you approach Retirement Age, maximizing your Pension benefits becomes a crucial consideration for many individuals. One effective strategy to increase your Pension payments is to reduce your assets to meet the eligibility requirements. By strategically managing your assets, you can potentially qualify for a higher Pension amount and improve your financial security during your…
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How superannuation affects Age Pension eligibility
Superannuation plays a crucial role in determining an individual’s eligibility for the Age Pension in Australia. The Age Pension is a government benefit designed to provide financial assistance to seniors who have reached the qualifying age. However, the amount of Age Pension one receives can be affected by their superannuation balance and income. In this…
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Aussies Warned of Supercharged Property Market Price Hike: Up $92,500
A recent study has raised concerns over the potential impact of allowing first-home buyers in Australia to access their superannuation funds for house deposits. The research, conducted by University of South Australia’s Professor Chris Leishman on behalf of the Super Members Council, indicates that this move could lead to a significant surge in property prices.…