With interest rates continuing to rise, reducing your mortgage interest rate can be a great way to save money so you’re not out of pocket and can keep or invest more of what you earn. Here’s a four step plan that may help you decrease your interest rate and reduce mortgage repayments. Step 1: Negotiate […]
Continue ReadingAn Introduction To Managed Funds
Managed funds may give you access to a broader range of investment types by pooling your money together with other investors. Find out how they work and if they’re for you. If you want to diversify your investment portfolio and spread potential risk within and across different asset classes, sectors and geographic markets, you may […]
Continue ReadingHow To Get More From Your 2023 Tax Return With Super Contributions
We all want to make the most of our tax return each year. Did you know, other than claiming the usual work related expenses, certain super contributions may also be tax deductible? If you’re looking at what deductions you might be able to claim this tax time, the good news is you may be able […]
Continue Reading6 Things To Consider Before Investing
Investing your money may be an effective way to help you build long-term wealth. While it can seem overwhelming at times, given the breadth of options available, you don’t need to be a financial expert to be successful at it. But as Warren Buffet says: “Risk comes from not knowing what you’re doing.” So understanding […]
Continue ReadingWill & Estate Plans – What You Should Know
If you want to protect your family and assets, it’s worth documenting what you’d like to happen if you can’t make your own decisions later in life or when you pass away. If you’ve got people in your life who you love and assets you’d like to be distributed in a certain way, you might […]
Continue Reading7 Questions To Ask Yourself About Insurance Cover
Knowing what level of cover you require can be tricky, so it’s worth thinking about a few things first, such as—to what extent you and any loved ones rely on your income, how costs stemming from an injury, illness or death might be covered and how existing debts might be paid off. It’s also a […]
Continue ReadingFinancial freedom: A guide to achieving true financial independence
In a world where financial stability impacts our well-being, financial freedom empowers us to make life choices beyond monetary constraints. It goes beyond a comfortable income, enabling us to live on our terms, pursue dreams, and find peace through a secure financial foundation. Post-pandemic, high-inflation impacts on financial freedom were explored in MLC’s May 2023 […]
Continue ReadingWhat’s the Best Age to Retire?
There is no magic age at which to retire. But what’s important is to plan for a longer retirement than you may expect. This is in part because research shows we’re now living longer than ever. According to the Australian Government Actuary (AGA), factoring in improvements in life expectancies over the last 25 years, half […]
Continue ReadingHow to invest responsibly and ethically
If you’d like your money to make a difference to the world as well as your future, responsible investing may be for you. Almost 9 in 10 (89%) Australians feel it’s important their financial institution invests responsibly and ethically across the board1. Ethical, social and governance (ESG) investments accounted for $1,281 billion, or 40%, of […]
Continue ReadingHelp your retirement funds last the distance
Retirement is a time that many Australians eagerly anticipate, providing plenty of time to pursue hobbies, do more travelling, or simply kick back and enjoy the fruits of your labour. We will outline key strategies to help boost and preserve your retirement savings, to help you achieve longterm financial security throughout your golden years. It’s […]
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