As a business owner, you may find yourself investing every spare dollar into your enterprise, with little left to contribute to your superannuation. While this approach might make sense in the short term, relying solely on your business as your retirement nest egg carries significant risks. If you’re approaching retirement age, now is the time to reconsider your superannuation strategy and ensure you’re building a secure future for yourself and your family, independent of your business.

As the cost of living rises, many Australian families are exploring the idea of multi-generational living. This approach offers financial benefits but also requires careful planning to ensure everyone involved is protected. However, the conversation around generational wealth goes beyond just property sharing. It's about long-term strategies that help preserve and pass down wealth to future generations.

Inflation, rising home loan interest rates, soaring property prices, and the current housing crisis are significant worries for pre-retirees. Additionally, many are dealing with adult children who may not move out soon, market volatility, and the pressing question: "Will I have enough to retire?"

As the end of the financial year approaches, working professionals planning for future wealth should review their financial strategies to make the most of available opportunities.

Over the years we’ve advised a number of young professionals (and retirees as well) who have returned home after spending time abroad and let’s just say, navigating the complexity that is foreign asset transfer can be tricky. 

When it comes to investment outcomes, patience is almost always a virtue. This is especially true for long term investors who are prepared to ride the sometimes considerable waves of share market volatility. 

Tax-effective financial strategies are always important financial planning considerations, especially now as we face the high cost of living, rising home loan interest rates and making more of what we earn. 

If the rising cost of living has you reviewing your spending and your personal insurance policies are on the chopping block, may we suggest you take a moment and give us a call before you cancel.

Debt often receives a bad rap. Rising interest rates over the past year have done little for its reputation, however when debt is part of a clear financial planning strategy, it can contribute positively to achieving lifestyle goals and personal wealth.