A busy day defining who is the beneficiary

This week on the same day I had clients wanting or needing reassurance on who are their beneficiaries.

The first client sadly appears to have started the road to divorce when

‘Need her removed asap for any financial benefits from my death between now and the official divorce.’

 So that requires changing the beneficiaries on a will.

 Now under super that has rules on who can be beneficiaries & it is best & expected to read your super document PDS for whom qualifies to be a dependant. Read more ...

What is the most important ingredient for financial security in retirement?

This was a question in a survey which attracted 3,397 responses to 42 questions about retirement savings, income and attitudes. 

This report was for a major financial services company and entitled ‘Financial discomfort in retirement report’. (YourLifeChoices, February 2019)

A response that resonated most with me was ‘Peace of mind is extremely important to older people. Having money at hand to be able to pay for your health needs is not only important, it is a must for a peaceful life”
(Retired female, aged 80 years)

The real Big reason for ‘wellness’ for my cohort is Read more ...

How to have a better income & more fun in 2020 with better APPROVED options

E.g. 1 Sydney rental yields at new low

 

Investors in Australia’s two largest residential property markets are getting the lowest rental yields in the country (Australian 3/1/2020)

 

it is a real fact or a real figure that even when a rental property is fully paid off the net return on average after 2% to 3% net expenses is a very average net 2%.

 

Yes you may achieve more net yield' in certain localities but generally that is due to much less anticipated 'growth'.

Read more ...