We are constantly comparing ourselves to others but savvy investors focus on progress against goals. Why does my car have a four-letter word instead of four interlocked rings on its nose? What can I do to lower the first two digits of my postcode to 20, 30 or 40? Social comparison is how we evaluate ourselves against others.
Read MoreThe cost of retirement has hit a record high, with couples needing more than $70,000 a year to fund a comfortable retirement, and $50,000 for singles, according to ASFA.
Read MoreFollowing the announcement of the latest Federal Budget, please find below a summary of items that may affect you and your financial position. Surprisingly, and for a pleasant change, this years' budget included relatively few measures impacting superannuation.
Read MoreTreasurer Josh Frydenberg delivered the 2021-22 federal budget on Tuesday evening, March 29, outlining a number of key measures.The Treasurer revealed a $78 billion deficit (3.4 per cent of GDP), down from a $79.8 billion deficit the year before. "Over the next three years, this will more than halve to 1.6 per cent," he said. He confirmed that net debt as a share of the economy will peak at 33.1 per cent at 30 June 2026, significantly lower than the forecast last year.
Read MoreThe 2021 Budget can be summarised in one line – as a great budget for superannuation. The Budget sets out major beneficial changes for superannuation covering both contributions, legacy superannuation products, first home super saver scheme and residency issues for SMSFs.
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