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Archive for May, 2014

Home » May 2014

Federal Budget 2015 – How will it affect you ?

As the Treasurer foreshadowed, this to be a Budget of structural reform with distinct short and long term winners and losers. The bad news headlines were fairly accurately reported and were old news by Budget night. For many - families, pensioners and those relying heavily on assistance and subsidies - the impact of the Budget will be evident through the co-payments that will demand a little more for each service each time and in some circumstances severe restrictions to eligibility. For business, left untouched ... Read more

Home equity could help fund aged care

A person’s home is their castle and any equity in it is the owner’s to use as they wish.  But the large amount of untapped wealth that is tied up in homes around the country has not gone unnoticed by the Government and others.  Two high profile reports as referred to below have raised the possibility that one way to help fund the rising costs associated with an ageing population, is to bring the family home into the equation when it comes to ... Read more

The future of money

The line “as rich as Croesus” is littered through literature in works as bizarrely diverse as Alexandre Dumas’ The Three Musketeers to E.L. James’ Fifty Shades of Grey. As the ruler of Lydia (in what is now western Turkey) from 560-546 BCE, King Croesus presided over the introduction of the first Legal Tender coinage.1The man deserves his dues.  The coins were made from electrum, a mixture of silver and gold and stamped with pictures that acted as denominations. In the streets of ... Read more

Australia’s Growing Population. Get Ready

There are 5.2 million boomers in Australia born from 1946 to 1964. This compares with six million generation Xers born between 1965 and 1983. Generation Y, born across the 18 years to 2002, is expected to peak at about 7.4 million next decade. With Australia’s population expected to swell by mid-century and the first wave of baby boomers reaching retirement, building up the nest egg has become more important than ever.  Late boomers, generation X and Y have contributed to their superannuation fund ... Read more