With the end of the financial year fast approaching, now is a great time to take advantage of various superannuation, insurance and tax strategies to reduce costs, save tax and streamline your finances.
Below is a useful guide to help you get there, but if you have any doubts or concerns, please contact us or discuss your personal circumstances with your financial adviser or tax specialist before taking action. Rick Maggi.
Here’s the good news. The changes were not ‘draconian’, as feared in recent weeks. In fact, most Australian’s won’t be impacted by the tweaks to investment earnings tax on pension balances. The bad news is that all of this adds greater complexity to an already complex area, which is why you should speak to your financial planner. Below is a bullet point summary of the changes, but there are other areas to consider as well, so call us. Rick Maggi.
Don’t let the term ‘quantitative easing’ scare you. The concept and reasons behind it are simple and quite justifiable in the the current climate. AMP Capital’s Dr Shane Oliver attempts to briefly explain what it is, why it’s being done, and the implications for shares and bonds going forward. An easy to understand 4 minute video, worth viewing. Enjoy! Rick Maggi. View video here
Trying to correctly time your entry point to the market is never easy. Just ask the experts. This brief article written by Jim Parker, VP of Dimensional (DFA) Australia, is another reminder of the perils of market timing. Let me know if you’d like a copy of Jim Parker’s book ‘Outside the Flags’ – an easy, enjoyable read. Rick Maggi.
With US share markets at all time highs and Australian markets quickly gaining ground, it is only natural to feel a little nervous about what might be around the corner. British Journalist and Economist, Anatole Kaletsky, suggests that you might want to take a different view. Read more here. Enjoy! Rick Maggi.