When Would I Refinance My Mortgage
Heard about mortgage refinancing? In the past, most people who took out a mortgage doggedly continued with it until they had paid it off. These days, people refinance their mortgage much more frequently. The average duration of a home loan in Australia now is just 4-5 years. Here we look at some of the reasons people in Australia refinance their home loan.
Your 5-point action plan when faced with redundancy
Over a 12-month period, approximately two million Australians left their job and of those nearly one in five were made redundant
Super is super for young people
ASFA CEO Dr Martin Fahy and young Australians discuss super – why it’s the best bet for saving for retirement.
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Research by ASFA has found that young Australians aged under 30 years tend to have more money in their superannuation accounts than their bank balances, yet 40 per cent of young people have no idea what their super balance is and a further 16 per cent only have a vague idea.
Multiple super accounts in a 'gig' society
How many super accounts do you have? No doubt, some people have even more super accounts than credit cards.
The Global Financial Crisis 10 years on- Lessons learned and can it happen again?
Navigating low wages growth
If your pay packet doesn’t seem to stretch as far these days, you’re probably not imagining things. Wages are growing by a record low of just 1.9% annually, and with inflation also running at 1.9%, the purchasing power of your pay cheque may not have increased at all. At times like these, it’s important to make your money stretch further.
Is your SMSF retirement-ready?
A landmark stage in the life of a self-managed super fund is when at least one of its members moves from the accumulation phase to retirement phase.
Investors acting their age
Young investors can fall into the trap of being too conservative for their own good, forfeiting compounding long-term returns from growth assets.
Sustainability adds a feel-good factor to investing
Many of us hold strong views about social and environmental sustainability. If that sounds like you, it’s possible to tailor your portfolio to reflect your values - and it doesn’t have to mean putting up with low returns. A new report shows ethical investing can be good for your hip pocket as well as the planet.
Should you downsize?
By the time you are considering retirement, it is likely that you will have substantial equity in your home. You may even own your house outright. Selling the family home is one way to free up cash for retirement. The money you receive can be invested in shares, term deposits, managed funds or superannuation.