Closing a SMSF

Closing a SMSF As the saying goes nothing lasts forever, this is so true with self-managed super funds (SMSF). There is a long list of reasons why a SMSF should be closed.

QUESTION OF THE DAY: what is a SMSFA self-managed superannuation fund (SMSF) is a type of superannuation fund that is es...
25/09/2024

QUESTION OF THE DAY: what is a SMSF

A self-managed superannuation fund (SMSF) is a type of superannuation fund that is established and managed by the members of the fund, rather than by an external provider. SMSFs are typically small, with no more than four members, and are designed to provide retirement savings and other benefits to the members of the fund.

SMSFs are regulated by the Australian Taxation Office (ATO) and the Australian Prudential Regulation Authority (APRA), and must comply with the same rules and standards as other superannuation funds. SMSFs are allowed to invest in a wide range of assets, including shares, property, and other investments, and can provide greater control and flexibility for members compared to other types of superannuation funds.

However, establishing and managing an SMSF can be complex and time-consuming, and may not be suitable for all individuals. It is important to carefully consider the benefits and drawbacks of SMSFs, and to work with a financial planner or other professional to determine if an SMSF is right for you.

Why not have a coffee and chat with our team to discuss your financial planning needs :
Call 1300 880 100


If you would like to book a time for a 15-minute complimentary chat


https://www.apartnerinplanning.com.au/contact/

QUESTION OF THE DAY: core and satellite investmentsCore and satellite investing is a strategy that involves dividing an ...
24/09/2024

QUESTION OF THE DAY: core and satellite investments

Core and satellite investing is a strategy that involves dividing an investment portfolio into two parts: the core and the satellite.

The core of the portfolio consists of investments that are designed to provide a stable and reliable return, such as bonds and other fixed-income securities.

The satellite of the portfolio consists of investments that are designed to provide higher returns, but may also be more risky, such as stocks and other equity securities.

The goal of core and satellite investing is to balance the risk and return of the portfolio, by providing a stable and reliable return from the core investments, while also allowing for the potential for higher returns from the satellite investments. The allocation between the core and satellite portions of the portfolio will depend on the investor's goals, risk tolerance, and investment horizon.

Core and satellite investing can be a useful strategy for investors who want to balance the potential for higher returns with the need for stability and reliability. It is important to work with a financial planner or other professional to determine the appropriate allocation between the core and satellite portions of the portfolio, and to regularly review and rebalance the portfolio as needed

Why not have a coffee and chat with our team to discuss your financial planning needs :
Call 1300 880 100


If you would like to book a time for a 15-minute complimentary chat


https://www.apartnerinplanning.com.au/contact/

21/09/2024

QUESTION OF THE DAY: What are the top retirement tips?
Here are seven retirement tips that can help you plan for and enjoy a financially secure retirement:

QUESTION OF THE DAY: What are the top retirement tips?Here are five retirement tips that can help you plan for and enjo...
21/09/2024

QUESTION OF THE DAY: What are the top retirement tips?

Here are five retirement tips that can help you plan for and enjoy a financially secure retirement:
1. Start saving early: The earlier you start saving for retirement, the more time your money has to grow and the less you will need to save each month to reach your retirement goals.
2. Know your retirement income sources: It's important to understand the various sources of retirement income you may have, such as Centrelink, pensions, and savings, and how they fit into your overall retirement plan.
3. Stay financially engaged: Even in retirement, it's important to stay financially engaged and make informed decisions about your money. This may involve reviewing your investment portfolio, monitoring your spending, and adjusting your retirement plan as needed.
4. Set specific retirement goals: It can be helpful to have specific retirement goals, such as the desired retirement age, desired retirement lifestyle, and desired retirement savings target, to help guide your planning and decision-making.
5. Make a budget: Creating a budget can help you track your income and expenses, allocate your money towards your priorities, and identify areas where you may be able to cut back.
6. Save more as you get closer to retirement: As you get closer to retirement, you may need to save more to ensure that you have enough money to retire comfortably.
7. Consider downsizing: Downsizing to a smaller home or a lower cost of living area can help reduce expenses and free up money for retirement savings.
8. Keep your retirement savings invested: Even in retirement, it's important to keep your retirement savings invested in a diversified portfolio to help preserve your wealth and provide a steady stream of income.
9. Stay healthy: Maintaining good health can help you reduce healthcare costs and improve your quality of life in retirement.

Why not have a coffee and chat with our team to discuss your financial planning needs :
Call 1300 880 100


If you would like to book a time for a 15-minute complimentary chat


https://www.apartnerinplanning.com.au/contact/

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