SRS Advice | General Interest

Are young people putting themselves at risk without life insurance?

Posted at 19 Aug 2020 in General Interest by Strategic Retirement Solutions

Today, young people are often called the “the smashed avocado generation,” supposedly frittering away money on ‘luxury’ items rather than working hard to save for their first home or retirement nest egg. However, despite their spendthrift reputation, most millennials are quite prudent when it comes to managing...

Investing during a recession

Posted at 19 Aug 2020 in General Interest by Strategic Retirement Solutions

In times of uncertainty, when share markets and interest rates are falling, along with declines in consumer and business confidence, investors often question if their money is safe and if it’s still going to meet their long-term investment goals. But whether it’s a period of sustained...

Make Your Super Last

Posted at 19 Aug 2020 in General Interest by Strategic Retirement Solutions

Australians enjoy one of the highest life expectancies in the world, which means you can look forward to a long and comfortable retirement. While that's fantastic news, it also makes saving for retirement more important than ever. Indeed, the majority of Australians over age 40 who...

Essential checklist for the end of financial year

Posted at 04 Jun 2020 in General Interest by Strategic Retirement Solutions

The end of financial year on 30 June is a good time to take stock and get your finances in order. Being prepared, reviewing your super contributions and submitting your return on time are good policies every year, but the shadow of COVID-19 (coronavirus) means many...

Geopolitical risks for the economy and investments

Posted at 12 May 2020 in General Interest by Strategic Retirement Solutions

The world has always been challenged by the dynamics of geopolitics. The nature and magnitude of associated conflicts may transition and manifest across varying contexts but, broadly speaking, geopolitical risk is ever present. The fierce competition between the powerhouses of the East and West has been...

Market Insight – Staying the Course

Posted at 12 May 2020 in General Interest by Strategic Retirement Solutions

While it can be hard to stay in the market when share prices plummet, now is not the time to panic. The COVID-19 (coronavirus) pandemic has triggered a share market crash, in Australia and internationally. Since 31 December 2019, when the first cases of the new...

Dividend cuts – what can investors expect?

Posted at 12 May 2020 in General Interest by Strategic Retirement Solutions

Since the financial crisis more than a decade ago, investors have had to search much harder for income as savings rates have plunged. Many have looked to the equity market to help them achieve better income returns, with large numbers of companies increasing dividend payments...

Downsizer contributions: what are the rules?

Posted at 12 May 2020 in General Interest, Superannuation by Strategic Retirement Solutions

In the first year since older Australians have been allowed to make downsizer contributions, 4,246 people have contributed a total of $1 billion in downsizer contributions to their super funds (1 July 2018 – 1 July 2019). This not only allows retired people to have access...

Planning, not panic: managing retirement portfolios through the pandemic

Posted at 12 May 2020 in General Interest by Strategic Retirement Solutions

Despite the recent wild ride for markets coping with the uncertainty of the coronavirus pandemic, many investors are well-versed in the need to “sit tight”. They understand that moving out of positions in falling markets risks crystallising losses at the bottom and missing out on...

Who inherits your super?

Posted at 12 May 2020 in General Interest by Strategic Retirement Solutions

There are only certain people who can inherit your super when you die. There are also two different types of nominations you can make. Here’s what you need to know before making your super beneficiary nomination. Super is different from other assets, such as your house,...