In the world of SMSFs, an aligned accountant and financial adviser can make a formidable, synergistic team. Specialists who can’t be friends can be the opposite, when the best interests of the client are paramount.
Author Archive | Alex Denham
Financial adviser education, training and legislating ethical standards will help improve ‘best interests’ practices, but what about adviser experience? This important quality is near impossible to regulate.
No amount of experience as an adviser specialising in aged care prepared Alex for the actual events her father faced inside an aged care facility. It might be about care, but it’s a profit-making business.
If the sum of a couple’s pension balances is over $1.6 million and a spouse dies, what can the survivor do to keep the assets in the superannuation environment?
Annuities now come in different structures, overcoming many of the past objections. Despite low interest rates, they have become more popular with senior investors based on cash flow, social security and tax needs.
For younger people who are yet to build their superannuation to a decent size, death and TPD insurance cover within super can make a huge difference if they are in need of disability care.
We often hear of parents providing financial assistance to their adult children, whether its buying a house, paying for education or gifting a car. But what tax-effective options are available when the situation is reversed?
Seniors entering a new relationship want to enjoy their late-life happiness, but some may also worry about how the new arrangement will affect their income and estate planning. There are many options to consider.
Is it paranoia, or are the goal posts always changing for Generation X? Read the musings of a disgruntled Gen-Xer, lifting the lid on our government’s secret plan to thwart her kind at every turn.
There are many investment options for children beyond a savings account, but the merits of each are different for everyone. Here’s some guidance for parents of both younger and older kids.
The recent and proposed changes to the pension system have caused quite a stir. Instead of fuelling the panic, it could be a great opportunity for you to reassess retirement plans, focus on your super and make the most of it.
Understanding aged care accommodation and the cost is an absolute minefield. The aged care rules are changing on 1 July 2014, and many people have four months to make plans before they are hit by higher costs.
It’s one thing to know the super and SMSF legislation and devise an appropriate strategy, but it’s quite another if it can’t be implemented in practice. Especially when bank lending policies are involved.
Your age pension entitlement is assessed under the Income Test, and it may be worth re-setting the deductible amount to improve your pension payments if it’s been a while since the last calculation.
Your retirement could quickly become very different if an accident to your children left you caring for your grandchildren. Consider some strategies to manage your ‘sphere of risk’.
Anyone who has tried to understand the costs of residential aged care knows how complex it is. Here are tips to navigate the aged care minefield.