parksidefg.com.au/ Parkside InvestorPlus Articles en 13/11/2016 9:21:54 PM https://www.parksidefg.com.au/articles/creating-real-value.html https://www.parksidefg.com.au/articles/creating-real-value.html At Parkside, we devote time to serving our clients and creating real value for them. We find that our clients face a lot of the same issues.  Consequently, over the years we have built up a tremendous amount of experience in helping our clients to deal with those issues en route to achieving their lifetime goals. Here are some of... Tue, 12 Dec 2017 08:10:01 +1000 https://www.parksidefg.com.au/articles/advice-worth-more-than-it-costs.html https://www.parksidefg.com.au/articles/advice-worth-more-than-it-costs.html A young family could be $240,000 better off at retirement if they receive financial advice, according to Sunsuper. Sunsuper commissioned CoreData for its 'Value of Advice Report' that found that a 34-year-old Australian couple who received advice could maximise their money to pay for six additional years of private education for t... Thu, 19 Oct 2017 19:12:57 +1000 https://www.parksidefg.com.au/articles/five-steps-to-retiring-at-55.html https://www.parksidefg.com.au/articles/five-steps-to-retiring-at-55.html   An early retirement is often considered the "holy grail" and a "fast track to endless leisure", but with growing life-spans, is it really possible? State Custodians argues that it is, but not without some hard work. "Retiring at 55 is possible if you do your homework. But do it for the right reasons,&... Tue, 10 Oct 2017 11:21:36 +1000 https://www.parksidefg.com.au/articles/the-new-rules-of-salary-sacrificing-versus-personal-super-contributions.html https://www.parksidefg.com.au/articles/the-new-rules-of-salary-sacrificing-versus-personal-super-contributions.html   One of the fundamental concepts in the superannuation regime self-managed super fund (SMSF) trustees need to understand is the difference between salary sacrificing and making personal super contributions to a fund. The rules have recently changed, which means more people can now make additional contributions to their super... Fri, 15 Sep 2017 10:02:13 +1000 https://www.parksidefg.com.au/articles/pre-retirees-concerned-and-underprepared.html https://www.parksidefg.com.au/articles/pre-retirees-concerned-and-underprepared.html Almost one in three Australians do not believe they will be in a comfortable financial position when they retire and half of those nearing retirement have not begun planning for it, according to a new study. The research prepared by Australian Unity and Empirica into retirement planning collated the responses of 1000 baby boomer Austra... Thu, 31 Aug 2017 21:28:00 +1000 https://www.parksidefg.com.au/articles/why-all-the-fuss-about-family-trusts-.html https://www.parksidefg.com.au/articles/why-all-the-fuss-about-family-trusts-.html Affluent Australians usually hold their investments in some combination of superannuation, family trusts and direct ownership of negatively geared property. Over the last year, changes in superannuation rules and more challenging property market conditions have shifted the relative benefits of these arrangements. Family trusts have become com... Fri, 11 Aug 2017 12:49:00 +1000 https://www.parksidefg.com.au/articles/the-impact-of-super-changes-on-estate-plans.html https://www.parksidefg.com.au/articles/the-impact-of-super-changes-on-estate-plans.html The introduction of the $1.6 million transfer balance cap will affect the insurance and estate plans of many superannuation members. In my last article, I discussed why members must review any insurance they hold in super. Additionally, the transfer balance cap places a limit on the amount that can be paid as a death benefit pension and any e... Wed, 19 Jul 2017 10:36:58 +1000 https://www.parksidefg.com.au/articles/the-problem-with-the-relentless-pursuit-of-happiness.html https://www.parksidefg.com.au/articles/the-problem-with-the-relentless-pursuit-of-happiness.html I tweeted the following this week and received a pretty decent response: You would never realize we live in one of the most peaceful periods in human history when you watch the terrible stories on the news every day. Apathy as a strategy can work to your advantage when most things in life are out of your control anyway. And the resea... Wed, 28 Jun 2017 21:25:26 +1000 https://www.parksidefg.com.au/articles/how-to-define-spending-goals-in-retirement.html https://www.parksidefg.com.au/articles/how-to-define-spending-goals-in-retirement.html   Retirees looking to develop a sustainable financial plan face a challenging technical problem, so it makes sense to simplify some of the inputs. Those of us who focus on the production of investment returns for retirees' financial assets often choose to make simple assumptions about consumption patterns in retirement. A more de... Fri, 23 Jun 2017 11:07:00 +1000 https://www.parksidefg.com.au/articles/getting-better-control-of-your-financial-future.html https://www.parksidefg.com.au/articles/getting-better-control-of-your-financial-future.html With nearly a third of Australians concerned about how much debt they need to pay off each month, finding ways to manage your financial future is increasingly important. Here are BT Financial Group's five tips for managing your money. Tue, 20 Jun 2017 14:49:00 +1000 https://www.parksidefg.com.au/articles/how-to-set-a-budget-and-stick-to-a-budget.html https://www.parksidefg.com.au/articles/how-to-set-a-budget-and-stick-to-a-budget.html Ask any accountant about budgeting and they'll tell you to gather all the relevant information first. That will include getting a grip of your net income, your fixed and variable expenses and a sense of your priorities. Understanding and being aware of your cashflow is the starting point. Running a household budget is easier if you brea... Fri, 02 Jun 2017 12:45:31 +1000 https://www.parksidefg.com.au/articles/federal-budget-2017-18--getting-the-right-balance.html https://www.parksidefg.com.au/articles/federal-budget-2017-18--getting-the-right-balance.html Getting the right balance Treasurer Scott Morrison's first budget of the Coalition's second term in office marked a significant shift in tone from the tough stance of its three previous budgets. Gone is the mantra of debt and deficit. Instead the Treasurer has balanced the government's resolve to live within its means with pro... Thu, 25 May 2017 12:06:00 +1000 https://www.parksidefg.com.au/articles/five-urban-myths-about-super-changes.html https://www.parksidefg.com.au/articles/five-urban-myths-about-super-changes.html Much of the conversation about the superannuation reforms relates to reducing pension balances to a person's transfer balance cap, resetting the Capital Gains Tax (CGT) cost base for investments and making last minute contributions before the caps drop on 1 July 2017. This article covers a few urban myths that have developed among some trust... Fri, 05 May 2017 22:02:54 +1000 https://www.parksidefg.com.au/articles/delayed-gratification--are-you-too-soft-on-yourself-.html https://www.parksidefg.com.au/articles/delayed-gratification--are-you-too-soft-on-yourself-.html   When was the last time you had to wait for something you really, really wanted? Not just your morning coffee, or your favourite tipple at the end of a long day something seriously important? Now think, when was the last time you could have had something, but put it off? If you can't think of an answer to either, you&#3... Fri, 28 Apr 2017 12:09:00 +1000 https://www.parksidefg.com.au/articles/how-much-money-do-you-need-to-retire-.html https://www.parksidefg.com.au/articles/how-much-money-do-you-need-to-retire-.html There are all sorts of rules of thumb about saving for retirement. There's the 4% withdrawal rule. Another rule states you need to have saved 20-25x the annual income you want to spend in retirement. Then there's the one that says you'll need to replace 80% of your current income from your portfolio in retirement. Rules of ... Thu, 13 Apr 2017 20:12:49 +1000 https://www.parksidefg.com.au/articles/5-financial-rules-for-your-kids.html https://www.parksidefg.com.au/articles/5-financial-rules-for-your-kids.html When you have time on your side, it's not how much you earn, it's what you save that matters. The possibility of owning a home has perhaps become a faint dream for many younger Australians, but the need to save and build wealth remains the most fundamental aspect of any financial plan. Despite the attractiveness of making as m... Thu, 13 Apr 2017 09:22:00 +1000 https://www.parksidefg.com.au/articles/aged-care-changes.html https://www.parksidefg.com.au/articles/aged-care-changes.html   Decisions around aged care are always difficult and emotional. From the start of next year they are likely to get even more complex, with both the Age Pension and aged care sectors set for another shake-up. Currently, many people entering aged care choose to keep their former home and rent it out to help supplement their accomm... Mon, 28 Nov 2016 12:01:00 +1000 https://www.parksidefg.com.au/articles/part-2--building-a-better-retirement-nest-egg--factors-that-influence-retirement-savings.html https://www.parksidefg.com.au/articles/part-2--building-a-better-retirement-nest-egg--factors-that-influence-retirement-savings.html This is the second in a two-part article series that examines the factors that contribute to building retirement savings. Many factors have the potential to change retirement savings outcomes, each with varying degrees of influence. It's important for SMSF investors to understand how these variables work to help maximise retirement sa... Wed, 23 Nov 2016 21:28:00 +1000 https://www.parksidefg.com.au/articles/building-a-better-retirement-nest-egg--part-1---factors-that-influence-retirement-savings.html https://www.parksidefg.com.au/articles/building-a-better-retirement-nest-egg--part-1---factors-that-influence-retirement-savings.html In 1970 the average person in the OECD spent two years in retirement. By 2012 this figure had increased to 15 years. Many workers in the developed world now spend as much of their life out of the workforce as they do in it. Given this change, saving enough for retirement is a pressing global issue. In Australia, as people live longer than... Sun, 13 Nov 2016 20:21:54 +1000