Despite inflation hovering above 7.1% and interest rates climbing every month, latest research shows that the overall financial wellbeing has decreased by 1.1 points to 50 points out of a possible 100.
Share-market volatility, property price falls, cryptocurrency crashes, rising interest rates and skyrocketing inflation have turned many investment portfolios on their head, disrupting traditional ideas of safe-haven investments.
This financial year, investors face a difficult and turbulent time, with rate hikes and cost-of-living pressures forcing many to reconsider their retirement date or adjust their long-term financial plans.
Professor Jerry Parwada of UNSW Business School, an investment and financial markets specialist, shares his thoughts on the market, what it means for retirees and the role of portfolio diversification.
Scammers are always looking for new ways to convince unsuspecting taxpayers into divulging personal information, such as bank details, usernames and passwords, according to the Australian Taxation Office (ATO).
Five variations to a testamentary trust for you to consider
Testamentary trusts are important to consider in estate planning. They can only be created by being included in a Will prior to death (it’s either in there or not, there are no second chances to add it in later).
Last year the AIA worked with lawyer, Lucy Percy of Head & Heart Estate Planning who delivered a series of articles and a webinar on estate planning and testamentary trusts which was exclusive to members.
Subscribe to our newsletter now and find out the five variations to a testamentary trust Percy suggested that you might like to consider.