Taking 10 minutes to do ‘nothing’ may seem like a luxury you can't afford. But it's essential when it comes to maintaining one of your greatest assets: your mind. The terms ‘meditation’ and ‘mindfulness’ might seem a bit hocus pocus but you've got to admit: we could all use some strategies to chill out from time to time.After all, your mental health is an imperative part of your overall health and influences your risk of developing illnesses such as heart disease, according to Beyond Blue and the Heart Foundation of Australia1.So here's a no fuss, research backed introduction to meditation.Redefining [...]
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As you grow older you will be presented with many challenges, but this should not apply to your retirement income. Below we discuss retirement income and what you need to know to keep you on track to the retirement you desire. You've spent the majority of your adult life working hard and looking forward to a worry free retirement. But there is a lot that goes in to preparing for retirement and ensuring that you are able to enjoy the retirement you imagined. It's very common for the retirement conversations to center around:Will I have enough.What are the risks to my [...]
Can I refinance my home loan? When is a good time? Can I consolidate my debts? These are some common questions we are receiving from our clients.With interest rates at record low and households looking to reduce their costs, many people have been speaking to us about reviewing their home loans.In fact, there was a “Record high home loans refinanced in May” this year according to Money Management1 jumping from $12 billion in April 2020 to $15 billion in May 2020.What is refinancingRefinancing is finding a home loan or mortgage which suits your current financial situation. Often people take out [...]
With the current interest rates at record lows there is a lot of discussion about refinancing. Lets have a look at the benefits and disadvantages to refinancing. What is Refinancing? Refinancing involves replacing your current home loan, investment loans or debts with a new debt. Its a strategy that people use to: Save interest on their current debt Borrow more money for renovating Secure better terms or features on their new debt However, there are costs involved in refinancing and therefore its important to explore all elements of refinancing before deciding if it is beneficial. It's not only about [...]
So with so many changes happening in the world at the moment, we thought we would take the time to answer some of the common questions we are getting at the moment. Please note that the information below is general in nature and does not take in to account your personal circumstances. Please do not hesitate in contacting us if you would like to review your situation or have any questions. Centrelink I've lost my job, what should I do? Contact Centrelink as they will be able to assess your situation and determine what payments you may be eligible [...]
Firstly, the Coronavirus is causing massive disruption throughout the world and we would like to say that we hope that you, your family and friends are safe and stay safe during this incredibly difficult time. Your health and the health of your family and friends is the most important thing during this time. However, markets are feeling the effects of Coronavirus and responding with extreme volatility. Short term ups and downs can be unsettling, but history shows that markets stabilise and recover. If you’re considering switching your investment options or withdrawing super in cash, it’s important to keep in mind [...]
Buying a property together is a major relationship milestone and preparing to buy a property can be stressful. It's right up there with opening a joint bank account, getting married, and even surviving your first major disagreement. It's understandable that such a big milestone – and investment – can become highly emotionally charged. So whether you’re looking to buy your first home, a holiday house or an investment property – if it’s a purchase you’re making with your partner, you need to be clear about what you both want and the steps you’ll both take to get there. Here's [...]
Exercise can be incredibly beneficial for the body, but it's also great for the mind. So what are you waiting for? Get moving! Let's explore some of the mental health benefits of exercise. We all know the feeling - that buzzy, warm glow we get after exercise. Whether it's a gentle jog, playing footy with the kids or lifting a personal best, exercising makes us feel good. But it isn't just the smug satisfaction of knowing we've been active for the day (although this is pretty nice too) – there's a scientific reason why moving our bodies makes us [...]
The end-of-financial-year period isn't really a time most people relish, but it does offer an excellent opportunity to review your finances and possibly free up funds for more important and enjoyable pursuits. We take a look at 5 Steps to Make Income Tax easier. Below we'll show you, in five easy steps, how to streamline the income tax return process and possibly free up funds for the more important things in this great Australian life. Step 1: Learn what you can and can't claim Many people don't take the time to understand what they can and cannot claim as [...]
, On 14 March 2019, the government introduced a package called "Protecting Your Super"which was designed to protect superannuation accounts. It was designed to prevent inactive superannuation accounts from being eroded by inappropriate insurance arrangements, as well as protect small balances from being eroded by fees. The new legislation, which was called Protecting Your Super is now law and the measures will start applying from 1 July 2019. One of the major components of the protecting your super legislation is that superannuation funds are no longer able to provide insurance to members with an inactive superannuation account. However, the member can make an election [...]