PORTFOLIO POINT: Who will get the proceeds of your super when you fall off your perch? There are some big traps. Here’s what you need to know. The aim of super is roughly this: Get enough of a pot of assets to last you through a long life and happy retirement. And the ultimate? To […]
“Aah, come grasshopper, wisdom you seek.” Okay, I might be mixing my Kung Fu quote with my poor Yoda impersonation there. Honestly? I disagree with the statement. It’s no harder to achieve wealth than it ever was. It might seem more difficult, but that’s explainable. We got into a false belief up to 2007 that […]
PORTFOLIO POINT: Concessional contributions face strict limits because of the tax “generosity”. Do you qualify for a tax deduction for your contributions? Getting money into super is hard enough, what with the halving of the contribution limits by the government. And it’s not getting any easier to make those contributions. Particularly if you don’t fit […]
When minds turn to tax matters, some divine intervention wouldn’t go astray. So I generally channel Australia’s patron saint of tax minimisation, Kerry Francis Bullmore Packer. “If anybody in this country doesn’t minimise their tax, they want their heads read because, as a government, I can tell you, you’re not spending it that well that […]
When you’re flying high and your life is moving like it’s in a slipstream, sometimes you don’t learn a lesson until it’s too late. Often, the faster your jet is travelling, the harsher the consequences. Take golfer Jack Newton’s lesson about disembarking propeller-driven planes after having a few drinks. Or Colorado crooner John Denver’s ultimate […]
PORTFOLIO POINT: Don’t just think that switching to pension is flicking a switch. You need strategy to back it up. Here are some more areas to consider when starting a super pension. The pension phase of a super fund can be a long one. Even if someone were to delay taking a pension until they […]
Pulling out the crystal ball, hey? “Danger Will Robinson!” I hate one-year predictions. Hero? Or zero? That said … here are my punts. Shares: With shares stagnant at levels of five years ago, it feels like they are ready for a canter. (But I would have said that last year too – zero!). Stay diversified. […]
PORTFOLIO POINT: The benefits of having your SMSF in pension mode go way beyond finally taking a tax-advantaged income stream. It should influence how you invest. Drawing a pension from your super fund is what super is all about – and it’s right there in the legislation, which states that super funds are there to […]
“GIDDYUP!” Don’t be alarmed. That’s just me mounting one of my hobby horses. Listen up Xers, because a superannuation hand grenade was tossed directly at us in 2009. The old rule of thumb, for those to the right, used to be: In your 50s, when the mortgage is largely paid down and the kids are […]
God has the Anti-Christ. Superman has Lex Luthor. Roadrunner has Wile E Coyote. Julia Gillard has Kevin Rudd. Shane Warne has mobile phones. Hippies have Debt Man. Yes, a Hippie’s nemesis is … me! I think I might be the Anti-Hippie. I honestly don’t believe that, outside of recylcing newspapers and booze bottles, I have […]
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