The Wotherspoon Wealth Blog

New Default Super Possibility?

In the third part of the Productivity Commission’s examination following the ‘Murray’ Financial System Inquiry, they reported this week on the efficiency and competitiveness of our super system and proposed a new default super model. They found two fundamental flaws working against member interests. Many people have unintended multiple accounts...

Making the Transition to Retirement

Retirement is a significant change that can elicit wide ranging emotions. In building your new identity outside the workforce, it’s as important to deal with your emotional needs as it is to manage your financials. Unfortunately it’s not as simple as just waking up one day and making the decision...

How Much Super Do I Need for Retirement?

Most life-changing events involve an ongoing process of emotional adjustment. Retirement is no exception… especially when faced with the likelihood of a retirement of about 25 years. Indeed, at least one member of a couple aged 65 will likely reach age 90 (many will push closer to 100). You’ve probably...

What the 2018 Budget Means for You

Background Our Reserve Bank has kept interest rates at a record low level because our economic growth is quite modest – wages growth is still very slow and inflation remains below target. It took Government several years to restore tax revenues after 2014 when the commodity boom ended because companies were...

5 things you need to do now for a comfortable retirement

No matter how far off retirement may seem, there are 5 important things you could be doing now to ensure your comfortable retirement. 1. Write down your retirement goals & objectives There is a saying that goes “if you fail to plan, you plan to fail”. The same is true...

Misconduct amid Poor Governance

The image of financial planners has taken a battering for years at the hands of institutions seeking to sell product under the guise of advice. It began in 1988 when the Government stopped individually licensing advisers and allowed company licensees to authorise them instead. By comparison, public practice accountants and...

Australian Property Price Outlook

Australian residential property prices seem to have peaked late last year with weaker prices now all round Australia, including Adelaide. Is this the end of the residential property boom? Probably. Investment property rents are near record lows, so property investors now heavily rely on capital gains to justify their investments....

Investing Sustainably

Our Transport Revolution Blog this year covered the unfolding transport revolution – a subset of the larger Sustainability Revolution, which is a progression from the Agricultural, Industrial and the Digital Revolutions. As we learn to harmonise better with nature, this sustainability focus will change the way our food, energy and water...

Franking on the Chopping Block

If it wins government, Federal Labor proposes to discontinue refunding cash for unused franking tax credits that can arise from Australian share dividends. Though we value public amenity, giving up tax benefits is generally unwelcome. So, we thought it would be helpful to put the proposal in perspective and cast...

Downsizer Super Contribution

Are you over age 65, thinking of a smaller home and interested in releasing some of the capital tied up in your home – perhaps you should consider the downsizer super contribution strategy to boost your super and retirement income? In the recent superannuation changes, two were delayed until 1st...