During share market movements such as we have seen over the past six weeks, we know the instinct to act rather than remain steadfast can be compelling.
On 22 March the Prime Minister and Treasurer released details of a 2nd round of economic measures, designed to cushion Australians from the economic impact of COVID-19.
A routine task for financial journalists at this time of year is to write a summary of the year in markets and to survey economists on their expectations for the coming year. These so-called ‘year-enders’ are worth revisiting 12 months on.
When it comes to financial security, two questions tend to dominate the thoughts of retirees: How much money can I spend? Am I going to run out of money one day? When the answers to these questions are uncertain, it can lead to frugality and caution, which then impacts the quality of that retiree’s life. […]
A recent report by ASIC (Australian Securities & Investments Commission) has shed some light on what consumers think of financial advice and of the advisors who deliver it. The report explored the use of financial consultants, and attitudes towards them. Results reveal that people who have already sought advice, or intend to, are more likely […]
It’s nearly Christmas …. cue – “Money management tips for the festive season.” Same messages, different year. All sensible tips about setting a budget, set up a Christmas club account for next year, paying off credit cards quickly and so on. But Christmas time is hardly the best time to talk about budgeting. First, it […]
In the past, the transition to retirement has been viewed solely as an economic event. As a result, the focus of retirement planning has primarily been on building a nest egg. In The Late-Start Investor, author John Wasik recommends discarding this obsolete view in favor of a “flexible life plan that provides for financial, vocational, […]
Goal setting is an effective way of picturing what we want to achieve and what we want our lives to be like. We can then move toward those images in an intentional way. We derive many other benefits from having goals as well: Goals provide a positive expectancy of the future Goals stimulate our personal […]
Retirement will trigger changes in every area of your life. As you anticipate and prepare for this stage of life, you are likely to look forward to certain changes and to dread others. In fact, it is not uncommon for individuals to experience many ambivalent feelings towards retirement because of the significant transitions they anticipate. […]