Budgeting Financial decisions can be overwhelming, especially during a global pandemic. Taking a moment to create to plan and budget how you will achieve your goals is an important element to ensure better financial freedom and security. Identify your sources of income: Understanding your ability to gain income is crucial to budgeting. Depending on your…
The hustle and bustle of life can often lead to superannuation being an afterthought. However, as the cost of living rises and people are living longer, having a healthy super balance is becoming increasingly important. No matter your stage of life, it is never too early or too late to be pro-active about your superannuation. In…
Wealth Depot was very proud to have been a part of the 9 News feature on the issue of women retiring with less super than men. Check out Sebastian from 1 minute 10! Video transcription below: There’s a fresh push to make sure Queensland women have more money to enjoy retirement. Right now, the gender…
As individuals look to take more control over their retirement assets, Self-Managed Superannuation Funds (SMSFs) are becoming increasingly common in Australia. However, as APRA fund regulated funds continue to become more customisable, is the hype around SMSFs warranted or are you better off steering clear? In this months edition of WD life, we look at…
As the cost of living including housing prices continues to rise, many parents are providing greater financial security for their children. This has led to more family discussions regarding the transfer of wealth. Transferring wealth between generations can be a challenge when there are many parties involved with different opinions and no clear plan in…
The cost of operating SMSFs has been a very hot topic for all the right and moral reasons and the regulator (ASIC) that governs advice around establishing SMSFs and the advice community have made steps to educate the wider community, that SMSFs are not for everyone. The Productivity Commission in its report Superannuation: Assessing efficiency and…