What is an Account Based Pension?

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When one is looking at finishing up work and investing your money (the word ‘retirement’ has too many negative connotations), one of the finest tools available to us is the Account Based Pension. Formerly referred to as an Allocated Pension, it is also called other names; for example Sunsuper call it a Retirement Income Account. Use of the word ‘pension’, …

Great Home Loans Rates and Cashback as at 10 September 2020

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There are some great home loan interest rates available at the moment: 2.19% (Variable, Principal and Interest, Owner Occupied) 3.04% (Variable, Principal and Interest, Investment) 2.09% (2 Year Fixed, Principal and Interest, Owner Occupied) 2.39% (2 Year Fixed, Principal and Interest, Investment). Also we still have a $2,500 cashback offer for refinance.

Your ‘Retired’. What Now?

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Clients come to see us primarily for financial advice. If retirement is approaching, we often talk about what they plan to do when they retire. It seems to me that many folk do not concern themselves enough with what they will do when they ‘retire’. Should You Retire? We are living longer than ever. When the first government aged pension …

President Biden?

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Recently I had dinner with a friend who follows US politics even closer than I do. And he reckons that Trump is going to win his second election. However most polls have Senator Biden winning. The Double Haters You may be aware that in the last Presidential election, Hilary Clinton was also winning in the polls – and lost. Many …

Short Term Fixed Rate Loans Might be OK Just Now

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I rarely recommend fixed rate loans, especially longer term loans. Several years ago we had a 5 year fixed rate home loan. When we sold our home and went to repay the loan, Big Bank hit us with $25k in costs. But it seems to me that one or two year fixed rate loans might be worth considering at the …

Recent Quote in News Limited Papers

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The Advertiser, 6 April 2020 (Extract from the Money Section) Be wary of falling into a dividend yield trap Think twice before investing more in shares, writes Anthony Keane … Wealth on Track principal Steve Greatrex said he expected the coronavirus impact on dividends would be greater than the Global Financial Crisis in the short term. “It will depend on …