Virtual currencies, or cyber currencies, are both a medium of exchange and a store of value, just like traditional money. However, unlike banknotes or coins cyber currencies exist only as digital data stored in computers. Trading in virtual currencies requires membership in an online community connected by appropriate software, with the value usually being determined […]
Author Archives: Rob Wynan
This is the second article in the mini series titled: ‘Traps to avoid in retirement’. There’s a common view that as you approach retirement you should tilt your investment portfolio towards more conservative investments. This means favouring things like term deposits, annuities and cash management trusts while reducing exposure to more volatile assets such as […]
We all have a vision of our perfect retirement. But whether it’s travelling around the country in a luxurious motor home, playing golf every day or spending more time with the grandkids, how do you accumulate enough to pay for your golden years? How much do I need to live my lifestyle? Lifestyle is a […]
As we commence another year and ponder how fast the last 12 months have come and gone, many of us find ourselves thinking about the year to come and our aspirations for the future. Now is the time to reflect on what we have achieved; where we want to go; and what we need to […]
This article is the first in a mini series titled: ‘Traps to avoid in retirement’. This first article details the many choices you have in retirement once you can access your Super and the importance of making the right decisions. Retirement: you’ve made it! And one of the rewards for all your hard work is […]
We all want to give our children a head start in life. This three-step article will help you to instil sound financial habits in your children by setting the foundations of good money management and savings now. For many of us, our first experience of banking and savings was the school Savings Account Program. But […]
Raising kids and launching them out on their lives absorbs large amounts of money, support and emotions. Even when the kids (sorry, young adults) head out on their own, parents still worry about them. It’s only natural. But having the last child leave home can create a powerful sense of freedom. Suddenly you can make […]
Anyone who has completed their own tax return will know that the tax office treats different types of income differently. Bank interest is recorded in one section, dividends from shares in another and managed fund distributions somewhere else. And unless you are taking a pension or lump sum from your super, you don’t need to […]
The end of the tax year is edging closer. If you haven’t planned how you will maximise your income and save some tax, take note! The most effective strategies are often the simplest and can be applied before 30 June this year whilst others should be considered for next year. Here are some from both […]
Many self-employed people view the sale of their business as their retirement fund – their superannuation. So just like ensuring superannuation investments are being well managed, business owners need to plan ahead to ensure their business can continue to provide a reliable income after they retire. One of our new clients, Dale, is a typical […]