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How does Australia’s pension plan stack up?

One in six people will be over 65 years old by 2050. With the world’s population aging quickly, it is natural to think about how pension systems around the world will cope, particularly in Australia. Fortunately, Australia’s three-component retirement income system means our age pension system is well-equipped to support older Australians now and well […]

Quarterly Economic Update: October – December 2020

COVID-19 Finally some good news on the COVID-19 front: several vaccines, all developed in record time, were being rolled out in a number of countries. While a huge step forward in bringing the pandemic under control, it comes at a time when, globally, more people are being infected with the coronavirus, and more people are […]

Visualizing the Hierarchy of Financial Needs

Behavioral scientist Abraham Maslow wrote “A Theory of Human Motivation” in 1943, arguing that humans worldwide are influenced by a “hierarchy of needs”. This theory organizes human needs across five levels, where needs in the lower end must be satisfied before progressing onto the next level. At one end are physiological needs such as sleep […]

When Your Adult Children Become Long-Term Residents in your Home

In the wake of the COVID-19 pandemic, many young adults have been forced out of work and back into the family home. As the pandemic stretches on, how can you manage the added cost of supporting your children – and help them get back on their feet? There’s no question young people have been hit […]

Identifying Your Stage on the Investor Lifecycle

As people age and progress through their careers, their financial goals continuously evolve. Understanding one’s current goals, while also planning for those in the future, are two important elements of financial planning. In this Markets in a Minute chart from New York Life Investments, we outline the investor lifecycle, a three-staged theory designed to help […]

Preparing for retirement in uncertain times

As most long-term investors know, investment markets have their ups and downs. The downs are usually associated with periods of uncertainty, perhaps due to political or economic factors, or even natural disasters. Uncertainty leads to volatility – more extreme movements in asset prices – which can have a big impact on portfolio values. This can […]

5 ways to recession-proof your business

Economies tend to face headwinds every ten years as the business cycle moves from periods of growth to contraction. While recessions are challenging for small and medium businesses across Australia, it doesn’t mean there aren’t significant opportunities to strengthen your business and come out of challenging times stronger and more profitable. In this article, we’re […]

Four strategies to maximise your super

Many of us daydream about the day we finally retire and are able to do the things we’ve longed for, whether that’s travelling the world, campervanning around Australia, improving our golf or gardening skills, or spending more time socialising or with our grandchildren. But if we are just sitting back while our employers make mandated […]

Why wellbeing isn’t just for the well-off

Are you guilty of putting your health and wellbeing last? Whether it’s for financial or family reasons, you could be costing yourself more than you think. Whether it’s down to a lack of time or money, we’re all guilty of neglecting our own health from time to time. This can be especially true during challenging […]

5 Tips to Survive a Decline in Income

Since precautionary measures were heightened to slow the spread of COVID19, almost 1 million Australians have lost their jobs. According to the Australian Bureau of Statistics, Australia lost 7.5% of its jobs between 14 March and 18 April. If you’re one of the many Australians who has lost their job, it’s understandable that you may […]