What is mortgage stress, and how can you conquer it without losing your home? As the Reserve Bank of Australia (RBA) are signalling that interest rates are expected to rise in the near future, many banks and home loan providers have started to change their own fixed rates with a rise by around 20 to … Continued
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While it seems like a hassle, it remains true that refinancing your home loan is one of the better options to get the best deal. Many people have been refinancing which was driven by the record low interest rates and property boom in 2021. PEXA reported that Australians were refinancing their homes at record rates, … Continued
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This is perhaps the best time to look at your financial situation and act to pay off your mortgage faster. In Australia, interest rates are at an all-time low. The quicker you pay your home loan, the faster you’ll be debt-free as you enjoy your retirement. Consider the following as a guide on where to … Continued
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Ideally, a lifetime income should last the rest of your retirement years, in spite of how much you’re bringing in. So where does it go? In relation to budgeting, it’s easier to target the obvious, such as your bought lunches or takeaway coffees. However, it can be tough to maintain if you feel deprived on … Continued
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Let’s consider some of the features of both options; a pension or income stream, compared to a lump sum payment. While working, you’re encouraged to plan your retirement and always reminded on whether you’re putting enough away to maintain a standard of living. Retirement Planning as well as professional advice are really important to get … Continued
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There’s a probability you spend about $3,500 per year on fuel if you are on the road as much as the average driver. This is a good time to implement some petrol-saving strategies. Double the number of kilometres you get by sticking to these tips. Drive smoothly For good fuel efficiency, you must accelerate evenly. … Continued
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Generating passive income to meet your living costs in retirement is possible with practical ideas and careful planning. Are you looking to meet your living costs in retirement? Or perhaps earn enough money to cover your needs and some of your wants? One of the routes you may take to arrive at these outcomes is … Continued
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Managing your money when you’re 50 and over is about enjoying what you’ve worked for while planning for the future. In your 50s you will experience significant changes in your lifestyle, goals, and values. While your career is important, as your life shifts, you might be thinking about what’s next. You might experience some realisation … Continued
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Are you thinking of managing your own super fund? Outside the financial sense, it can be rewarding to manage your superannuation, in which the most important aspect is you are in control. You can make all the decisions meaning the fund can directly address your specific needs. Self-managed super fund (SMSF) A self-managed super fund, … Continued
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