Tax time rolls around every year at the end of June, and there’s simply no avoiding it. It can be a difficult and time consuming process for many, though there are a number of simple things that you can do throughout the year that will make tax time far less painful than it might otherwise be.
Buying a house for the first time can be overwhelming, even when you’re a senior citizen. From choosing a real estate agent to finding the right property and applying for a home loan, it’s crucial that you understand every step of the home buying process to ensure a successful purchase. If you missed the chance…
As reported by Kirsten Robb in Fairfax Media, Swinburne University has recently released a report highlighting the increasing number of people who are approaching, and in retirement, who are life long renters. The general expectation for a century has been that you work throughout your life to own your own home. This is so that…
While startups are often associated with young entrepreneurs in the tech field, senior entrepreneurs over 50 are probably more common than you expect. For the senior entrepreneur turning a great idea into a bootstrapped business, an angel investor can mean the difference between success and failure.
Downsizing is a great way your can ensure your residence matches your current lifestyle needs. Plus, it’s a way to free up equity for others investments, major purchases, or retirement.
As you may be aware, the federal government in the last budget signalled significant changes to how your entitlement to the aged pension is calculated under the “assets test”. These changes are due to come into effect from 1 January 2017.
With tax lodgment due dates approaching, you might be wondering whether you should use a tax agent to prepare your return, or attempt doing it yourself. Whether you have simple or complicated tax matters, it’s well worth considering a tax agent – the one-off cost of having a professional prepare your return is most likely…
In May 2016 the Coalition’s federal budget was announced. The proposed changes, which are contingent on the Coalition government being re-elected and the legislation being passed, include a $1.6 million limit on pension phase balances and new concessional contribution rules. In all, there are a few changes that could significantly impact pensions, retirees, and older…
The superannuation announcements of the 2016 Federal Budget outlined major changes to superannuation regulations in Australia, but these changes will only have the chance to be passed in law if the Coalition is re-elected in July 2016. If so, these changes will likely take effect from July, 2017. Nevertheless, it’s a good time as the…
When the time comes to retire, it pays to be prepared, and financially planning for your retirement is as important as it gets. And the reality is, it shouldn’t stop when you say goodbye to your day job.