Investment Strategies for Different Risk Tolerances.

Investment Strategies for Different Risk Tolerances

This blog post explores the importance of aligning your investment approach with your personal risk tolerance and provides tailored strategies across the risk spectrum to help investors make informed choices.
Financial Planning For Young Australians.

Financial Planning for Young Australians

This blog post delves into why initiating financial plans in one’s youth is not just beneficial, but essential, and outlines effective strategies to overcome challenges while maximizing financial opportunities.
Planning for Retirement in an Inflationary Environment.
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Planning for Retirement in an Inflationary Environment

With recent trends indicating rising inflation rates, retirees must adjust their financial strategies to ensure that their savings will not only last but also maintain their purchasing power throughout their retirement years.
Top Tax Tips for Australians in FY24.

Top Tax Tips for Australians in FY24

With the Australian Taxation Office (ATO) continually updating its guidelines, it is crucial for individuals and businesses alike to stay abreast of these changes to optimise their financial strategies.
Charting your aussie retirement.

Charting Your Aussie Retirement

The transition into retirement within the Australian context has faced unprecedented challenges since 2020. Rising living costs, inflation, volatile investment returns, and market instability have significantly altered the retirement landscape.
Navigating the New Era of Mandatory Climate-Related Financial Disclosures in Australia.

Navigating the New Era of Mandatory Climate-Related Financial Disclosures in Australia

. The introduction of mandatory climate-related financial disclosure requirements signifies a pivotal shift in the corporate landscape, aligning with global trends in environmental, social, and governance (ESG) principles.
Navigating Market Volatility in Retirement.
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Navigating Market Volatility in Retirement

Market volatility is an inevitable aspect of the investment landscape, particularly perturbing for those embarking on the golden phase of retirement.
Estate Planning in the Digital Age.

Estate Planning in the Digital Age

In an era where our digital footprints are as substantial as our physical ones, integrating digital assets into your estate plan has become paramount.
Seniors Go Digital Mastering Money Management.

Seniors Go Digital: Mastering Money Management

In an era where technology evolves at the speed of light, seniors are not just keeping pace but are on the vanguard, embracing digital banking and investment platforms.
The Role of Annuities in Retirement Planning.

The Role of Annuities in Retirement Planning

Navigating the vast sea of retirement planning, one beacon consistently shines through the fog of uncertainty: annuities.
Sustainable Investing for Seniors.

Sustainable Investing for Seniors

The concept of sustainable investing transcends the traditional metrics of profit, delving into the broader impact of where money is allocated.
Increase to Social Security Payments A Boost to Millions.

Increase to Social Security Payments: A boost to millions

In an ambitious move to fortify the financial health of millions, the Australian government is on the brink of implementing a significant enhancement to social security payments.
Super Contribution Caps Changes for 2024-2025 Financial Year.
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Super Contribution Caps Changes for 2024-25 Financial Year

This year, significant alterations in super contribution caps are poised to redefine the saving strategies for the 2024/25 financial year. Grasping these changes is crucial for anyone looking to optimise their financial future.
Grandparents in miniature.
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How can I maximise my Age Pension in 2024?

In this blog post, we'll share clear, straightforward strategies to maximise your Age Pension in 2024
Hacker.
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How can you protect your investments from cyber threats?

In today's digital world, where convenience often means interacting online, protecting ourselves and our loved ones from cyber threats is more important than ever. This is especially true for seniors, who may be unfamiliar with the latest online…
Man standing on a rock overlooking a mountain.
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How to Keep Your Life Insurance Affordable Over Time?

This blog post aims to explore strategies to keep your life insurance affordable and accessible throughout your senior years.
Magnifying glass.

How can you determine if an SMSF is right for you?

This blog post aims to help you navigate the world of SMSFs. We'll break down the key factors to consider, weigh the pros and cons, and guide you towards making the best decision for your unique circumstances.
Choosing between apple and donut.

How can you choose the right investment advisor for your needs?

This blog post aims to serve as a trustworthy resource for seniors, their guardians, and family members who are considering engaging an investment advisor.
Man in black suite and a big watch.
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How can you catch up on lost retirement savings in your 50s or 60s?

In this blog post, we'll share some practical strategies you can use to boost your retirement savings, even if you're starting late.
Woman covering her face with her hands.

How can you avoid common mistakes with SMSFs?

In this blog post, we'll delve into the common pitfalls to avoid when managing an SMSF, focusing on practical tips and strategies tailored for seniors and their families.
Minimise tax.

How can I minimise the tax implications of an SMSF?

This blog post will equip you with clear, straightforward strategies to minimise the tax burden of your SMSF.
How to withdraw money from your smsf.
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How to withdraw money from your SMSF?

Your Self-Managed Super Fund (SMSF) represents years of dedicated contributions, a nest egg patiently growing for your future. But when that future arrives, how do you access those funds seamlessly and efficiently? That's where understanding your withdrawal options becomes crucial.
How to get the most out of your SMSF.
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How to get the most out of your SMSF?

Your Self-Managed Superannuation Fund (SMSF) can be a powerful tool for building a comfortable retirement. However, navigating the complexities of an SMSF can feel daunting. This blog post is designed to serve as your roadmap to maximising the potential of your SMSF.
How to plan your retirement with your SMSF.
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How to plan your retirement with your SMSF?

With the increasing popularity of Self-Managed Super Funds (SMSFs) in Australia, many of you are taking control of your retirement future. While this independence brings exciting possibilities, it also comes with unique challenges.
How to deal with SMSF disputes.
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How to deal with SMSF disputes?

SMSFs have become increasingly popular, offering retirees greater control over their retirement savings. While empowering, the freedom of an SMSF can also bring unique challenges, particularly when it comes to disagreements among members.
How to comply with SMSF regulations.
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How to comply with SMSF regulations?

In this blog post, we'll demystify the key compliance areas you need to master to keep your SMSF humming along smoothly.
How to choose an SMSF Service provider.
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How to choose an SMSF Service provider?

In this blog post, we'll break down the key factors to consider when choosing an SMSF service provider, ensuring you pick the partner who'll empower you to make the most of your super and unlock a brighter retirement horizon.
How to refinance mortgage.

How to refinance mortgage?

Whether you're aiming to save money, reduce monthly repayments, or unlock equity, refinancing can be a strategic move to enhance your financial well-being.
Happy person enjoying life.
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How to leverage life insurance?

While life insurance extends beyond its primary role of providing a financial safety net; it also harbours the potential to be leveraged as a versatile tool for wealth accumulation and strategic financial planning.
A person holding keys.

How does the first home owner grant work?

Owning a home is a significant milestone for many Australians, representing a symbol of stability, financial security, and the achievement of a long-held dream. However, the path to homeownership can be daunting, especially for first-time buyers navigating the complexities of the Australian property market.
Cemetery.

How to avoid death tax on superannuation?

For many Australians, super becomes their largest asset, but it's also subject to complex tax rules at death. Depending on who inherits your super, a hefty chunk could be siphoned off by the Australian Tax Office (ATO).
White arrow on pavement.

How to avoid capital gains tax on investment property?

Owning investment property in Australia is a fantastic way to build wealth. But let's face it, capital gains tax (CGT) can put a serious dent in your profits when it's time to sell.
Broken paper heart hanging on a wire.

How to protect superannuation in divorce?

In this blog post, we'll provide you with a concise guide on protecting your superannuation during divorce.
Emergency Signage.
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How much emergency fund should I have?

Life is unpredictable. Unexpected events like job loss, medical emergencies, or natural disasters can throw your finances into disarray. That's why having a strong emergency fund is essential for Australians.
Old couple riding on a boat.

How to have an epic retirement?

We've seen countless retirees stumble and fall short of their goals due to a lack of preparation or poor financial planning. That's why we're here to help.
Silhouette of a man looking at the sea.

How Millionaires Build Wealth Using Life Insurance?

In this blog post, we'll unveil the secrets of how millionaires use life insurance to build wealth.
Senior woman thinking whether to put extra money into super or mortgage.

How much income do I need in retirement?

As you embark on the journey towards retirement, one of the key considerations is determining your retirement income needs.
Vintage scale balancing two objects.

How to compare super funds?

It is important to compare super funds before choosing one, as there is a big difference in fees, investment performance, and features between different funds.
A person standing on a pavement that says start.
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When should I start planning for retirement

How do you turn retirement dream into a reality? The answer lies in the power of planning, and the sooner you start, the better.
Insurance word written on a paper beside a person typing on a laptop.

Is it worth getting insurance with super?

In this blog post, we'll explore the pros and cons of getting insurance with super to help you decide if it's right for you.
Old couple choosing investment options for their pension.

How to choose the right investment options for your pension?

In this comprehensive guide, we'll delve into the world of pension investment options, equipping you with the knowledge and tools to make informed decisions about your financial future.
Person choosing what path to go.
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How to choose a super fund?

In this comprehensive guide, we will delve into the world of super funds, equipping you with the knowledge and tools to make a well-informed decision about your retirement savings.
Happy couple holding the key of their first property.

How to buy your first investment property?

This comprehensive guide will equip you with the essential knowledge and insights to navigate the world of property investment in Australia
Illustration of a person who failed in investing.

How to avoid property investment failure in Australia?

Property investment has long been a popular choice for Australians seeking to build wealth and secure their financial future. While it offers the potential for significant returns, property investment also carries inherent risks.
Lonely old man looking at his cake.
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How Does Super Income Stream Affect Pension?

As an Australian retiree, you've likely accumulated a sizeable amount in your superannuation fund over the years. However, there are a few things you need to understand about how super income streams affect your pension.
A person holding a paper about return on investment.

How to start your own investment portfolio?

Whether you're planning for retirement or simply building wealth over time, embarking on an investment journey can seem daunting, especially for beginners.
Golden eggs in a nest representing investment diversification.

How does diversification reduce risk?

In the world of investing, diversification is a crucial concept that helps individuals and financial advisors manage risk and achieve their financial goals.
People riding a boat representing trustees in SMSF.
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Beginner’s Guide to SMSF

Before diving headfirst into the SMSF pool, it’s crucial to understand the nuts and bolts of how it operates.
Man in red long sleeves using a computer.

How to master retirement planning?

Embarking on the journey to retirement requires thoughtful preparation and strategic planning. By dedicating time and effort now, you can ensure a comfortable and secure future.
Piled stones as a symbol of building wealth.

Strategies to build wealth in retirement

Amassing wealth for a prosperous retirement requires meticulous planning, strategic investment, and a holistic understanding of financial management.
Two people assessing the graph on the tablet screen.
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How to navigate volatile investment markets and recession during retirement?

Retirement ought to be a time of peace and financial stability, yet the volatility of investment markets and the looming threat of recession can cast a shadow of uncertainty on this phase of life.
Hand holding a key facing a house.

Unveiling the world of SMSF property investment

Dive deep into the realm of SMSF Property Investment, exploring the ins and outs, potential benefits, and crucial strategies to navigate this lucrative investment avenue with confidence and savvy.
Stacked coins underneath a small tree.

Unravelling the world of self-managed super funds

Self-Managed Super Funds (SMSFs) have emerged as a dominant force in Australia's retirement planning landscape, offering individuals unparalleled control and flexibility over their retirement savings.
Concept about purchasing a house.

How to save for a house deposit?

For many Australians, the dream of homeownership represents stability, a place to call your own, and a significant milestone in life.
Happy woman enjoying snow during Christmas.

How to save money during the festive season?

In this blog post, we will explore practical ways to enjoy the festivities without hurting our pockets.
Happy woman jumping on green mountains.

How to choose the best life insurance policy?

The intricacies of the financial domain often appear vast and intimidating, with a maze of choices and obligations to navigate.
Little boy saving coins in his piggy bank.

How to set up your child for financial success?

Setting a financial foundation early on is pivotal to ensuring our children lead prosperous and stress-free financial lives.
Pensioner withdrawing money from piggy bank.

Understanding age pension entitlements for Australians retiring overseas

In this blog post, we dive into what happens to age pension entitlements for Australians who venture overseas for their golden years. 
Seedlings that represent investment options.

What are the investment options for retirees?

Australia’s ageing population is facing more choices than ever when it comes to investment. For retirees, understanding these options is crucial to ensuring financial security in the golden years.
Senior couple having a financial advice for retirement planning.

Financial Planning for Retirement: Unlocking A Prosperous Future

In today's ever-evolving economic landscape, preparing for retirement is paramount. At Wealth Factory, we firmly believe that retirement should be more than just an end to your working life.
Group of seniors spending retirement days

Comprehensive Pre-Retirement Planning: A Necessity for Your Golden Years

When we approach the inevitable phase of retirement, the forethought and planning required often go beyond the scope of mere desire.
Sample Commonwealth Seniors Health Card.

Navigating Centrelink Concession Cards for Retirees: A Comprehensive Guide

Commonwealth Seniors Health Care card and moreAs a retiree in Australia, you may be questioning, “Am I eligible for a Centrelink concession card?” This is a common query, given the array of concession cards available, with some retirees…
Happy old man in black suit.

How to Choose a Financial Adviser – A Comprehensive Guide

So, you're wondering how to choose a financial adviser?  When it comes to managing your finances and planning for the future, a financial advisor can be an invaluable partner. However, choosing the right financial advisor is a critical decision…
Retirement Village.

Is it worth living in a retirement village?

In this blog post, we'll explore the various aspects that make retirement villages appealing, the costs involved, the pros and cons, and whether they contribute to a longer and healthier life.
New Age Pension Rates and Limits Effective 20th September 2023.
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Understanding the new Age Pension rates and limits effective 20th September 2023

Understand the new Age Pension rates and limits effective 20th September 2023.
Couple shaking hands with a realtor after buying their first home.

Is the First Home Super Saver scheme worth it?

In this blog post, we're going to dive deep into the world of the First Home Super Saver scheme and explore whether it's truly worth your while.
Silverware table settings representing inheritance.
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What to do with an inheritance?

In this blog post, we'll help you navigate the path ahead, offering straightforward advice to make the most of this opportunity.
Silhouette of a road signage during sunset.
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When should you change super funds?

In this blog post, we'll break down the process of changing super funds and help you decide whether it's the right move for you.
Elderly couple in winter clothing.

What is a good age to retire in Australia?

In this blog post, we'll explore factors that influence your retirement decision, from your health and financial stability to your personal aspirations.
Financial Adviser meeting a senior couple.

Is it worth paying for a financial advisor in Australia?

Let’s delve into the different aspects of hiring a financial advisor.
A self-funded retiree using her smartphone.

What are self-funded retirees entitled to?

In this blog post, we'll unravel the world of self-funded retirees – those individuals who have taken their retirement planning into their own hands.
Balancing stones as a concept of portfolio rebalancing.

Is it good to rebalance your portfolio?

In this blog post, we're going to take you on a journey through the ins and outs of portfolio rebalancing.
Packed carton boxes ready to move to a smaller space.
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Is downsizing a good idea for retirement?

As you approach your golden years, making informed decisions about your retirement becomes more crucial than ever. One significant consideration that often arises is whether downsizing your home is a wise move for your retirement journey. Picture…
Person in white polo shirt saving coins in a glass of jar filled with coins.

Is it better to put extra money into super or mortgage?

In this blog post, we're here to guide you through this decision-making process and shed light on whether it's better to bolster your super or pay down your mortgage.
Yellow umbrella amidst black umbrellas.

Can I wind up my SMSF?

In this blog post, we'll walk you through the essential information you need to know about winding up an SMSF.
Stacked up coins with a wooden miniature house.

How does equity release work?

In this blog post, we will explore the ins and outs of equity release, answering the question: "How does equity release work?" 
Senior man wearing a black hat with a clock and a signage that says what's next.

What happens to your SMSF when you retire?

In this blog post, we will demystify the process and provide you with the essential information you need to navigate the transition from your Self-Managed Superannuation Fund (SMSF) to retirement.
ESG investing.
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What is sustainable investing?

In today's rapidly changing world, sustainable investing has emerged as a powerful approach to aligning financial goals with positive environmental and social impact. If you've ever wondered what sustainable investing is all about, you're in the right place. 
A row of red bicycles for rent.

How much can I borrow from SMSF?

In this blog post, we will delve into the world of SMSF borrowing and shed light on questions such as whether you can borrow money from your SMSF, the rules and limitations surrounding SMSF borrowing, and the pros and cons you should consider before making such a financial decision.
A retired woman staring out of a window with concerns.

What do retirees worry about?

In this blog post, we will explore the common worries that retirees have and delve into the topic of common retirement planning mistakes that people make.
A person showing the calculation of the capital gains tax to the other person.

How to reduce capital gains tax when selling a property?

Are you planning to sell a property in Australia? If so, it's essential to be aware of capital gains tax (CGT) and how it can impact your financial outcome. 
A group of dice with different colors.
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How does debt consolidation work?

If you're struggling with multiple debts and finding it difficult to keep up with various payments, debt consolidation could be the solution you've been looking for.
A person is using a spreadsheet to calculate the impact of interest rates on inflation.

How do interest rates affect inflation?

Understanding the connection between interest rates and inflation is vital for individuals, businesses, and policymakers.
A senior man employed in the textile industry.

Can I retire then go back to work?

In this blog post, we will delve into the topic of retiring and returning to work in Australia. We will address several key questions to help you gain a better understanding of this evolving trend.
Sale cards.
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Should I claim a deduction for personal super contributions?

In this blog post, we'll explore the topic of claiming a deduction for personal super contributions and help you determine whether it's the right choice for you.
Investment growth watering.
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What is a dividend reinvestment plan?

In this blog post, we’ll cover everything you need to know about what a Dividend Reinvestment Plan is, how it works, the benefits of using one, where people can get started with setting up such plans and more!
Person using a calculator and writing on paper.

How are franking credits calculated?

In this blog post, we will explain what franking credits are and provide a detailed look into how they're calculated in Australia. Read on to learn more about this important tax incentive and start taking advantage of the maximum savings you can get with your investments!
Tap money passive income.
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What is a passive income?

In this post, we’ll provide an overview of what passive income is and why it matters for those aiming to build long-term financial security.
Man holding hands with a woman while holding a key.

How does a reverse mortgage work?

A reverse mortgage is one of the most complex home loans available – and due its complexity, many people are unsure about exactly how this type of loan works. So read on and find out if this could be an option for your retirement planning!
Pole in the middle of a couple holding hands.
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What is spouse contribution and contribution splitting?

Are you considering splitting contributions to your superannuation fund with a spouse? With the complexity of Australian tax and superannuation laws, it can be difficult to understand how spouse contribution and contribution splitting works in Australia. 
Real estate agent posting a sold sticker.
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How to privately sell a house?

Are you looking to privately sell a house? Selling your home can be an emotional and complex process, so understanding the specific legal and financial requirements of such a sale is essential. 
Employees discussing business succession planning.

What is business succession planning?

Are you the owner of a business? Do you know who will take over when it's time for you to move on? When running a business, no one likes thinking about retirement, but planning ahead is essential if your organisation is going to keep achieving success. 
Brown wallet in the pocket.
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What is the re-contribution strategy for super?

In this blog post, we will talk about re-contribution strategy for super so that you can get started on making an informed decision about your financial future. Keep reading to find out more!
Trash bins in different colors.
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What is debt recycling?

This blog post will discuss what debt recycling is, how it works in Australia, its benefits metrics, its downfalls, and some helpful tips on how to best approach this strategy. Let's dive right in!
A real estate agent handing the keys to the happy family.

Is buying property with an SMSF a good idea?

This blog post will discuss whether buying properties with an SMSF is actually a good idea or not - taking into account various considerations such as taxation, investment risks, advantages and disadvantages. 
Man in gray poloshirt using a macbook while sitting on chair.

Where to invest money to get good returns?

In this blog post, we’ll be taking a look at where to invest your money in order to get good returns. We’ll dive into which investment types offer the best yields and safety measures, as well as which ones tend to bring higher levels of risk. 
Man writing something about mortgage loan on white board.
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What is Lenders Mortgage Insurance?

In this blog we will discuss everything from what exactly is LMI to whether or not it's worth your time. So read on for all of your questions about Lenders Mortgage Insurance!
Businessman signing a mortgage contract.

What is a redraw facility?

In this blog post, we will take a look at what exactly constitutes a redraw facility and why it may be worth considering for those looking for more control over their current debt situation.
Small figurine of a financial advisor on the table.

What does a financial advisor do?

In this blog post, we'll discuss how working with a trusted professional can help support your long-term financial objectives. 
Tax wooden cubes on top of gold coins.
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How to reduce taxable income?

In this post, we’ll explore a few strategies for reducing taxable income down under – from tax deductions and offsets to investing in bonds- so that you can maximise your earnings without having to pay too much of it back! 
Credit Union Building.

How to fix your credit score?

In this blog post, we will take you through the key steps that can help put you on the path to a better credit rating and free up some of the financial stress. 
Wealth Golden Word.

How to build wealth?

In this blog post, we’ll discuss how to effectively use various avenues of creating wealth in Australia today such as investing, saving and budgeting as well as dealing with debt management issues. 
Coins stacked and a miniature house atop a jar filled with coins.

How to use equity to buy an investment property?

This blog post will give you everything you need to know about using your equity as capital for purchasing an investment property. Let's dive right into what you need to get started on your successful real estate venture!
Senior couple using a card for online transaction.
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How to apply for a Commonwealth Seniors Health Card?

In this blog post, we’ll provide step-by-step instructions on how to apply for the Commonwealth Seniors Health Card so that you can take full advantage of its many benefits. Read on today and stay informed about one of Australia’s best health cards!
Businessman stamping document on table with miniature house nearby.

How does negative gearing work?

Read on to learn all about negative gearing – a concept that can be a great way to minimise taxable income. Discover and understand what is involved, who qualifies for these deductions, and how they could potentially work in your favour.
Umbrella with different colors.
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Group Insurance vs. Retail Life Insurance: Understanding the Difference

This post will outline the fuller implications of these options so that you can make a more informed decision when selecting a suitable policy.
Pensioner withdrawing money from piggy bank.
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How can I withdraw my superannuation?

This blog post will provide an overview on everything you need to know about withdrawing your retirement savings so that you make informed decisions regarding the best way to access them. Let’s jump in!
Casual employee using a tablet while wearing shorts in the office.

Do I need to pay super for casual employees?

If you employ casual staff in Australia, there are important legal requirements you need to look out for. It’s your responsibility as an employer to understand and fulfil your obligations when it comes to superannuation payments.
Moon airplane and silhouette of people in the airport.
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How do I claim my superannuation when I leave in Australia?

If you're leaving Australia and want to claim your superannuation, don't worry, it's easy! Even if you're on a temporary visa and have been working in Australia, your employer has most likely been paying into your super. When it's time to leave, you can apply to take your super with you.
Filling out bank account details.

What is an offset account?

Offset accounts are one of the best ways to cut down on mortgage repayment costs and can potentially help you pay off your home loan sooner. But what exactly is an offset account, and how does it work in Australia?
Get out of debt pinned.
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How to get out of debt?

This blog post outlines everything you need to know about how to get out of debt in Australia – from strategies for managing money more efficiently all the way through consolidating existing loans.
How much written on cheque.
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How much super do I need to retire at 55?

In this blog post we explore these topics in detail and provide a comprehensive guide on what’s required to achieve a comfortable retirement lifestyle by age 55 in Australia.
Contribute with a heart.
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What is a concessional contribution?

By the end of this blog post, not only should you know exactly what a concessional contribution is but also how to best leverage them for your own needs.
Adding coin to jar with stacked coins in background.
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What are reportable superannuation contributions?

In this guide, we'll explore this topic and explain why they're important so that when it comes time to make investment decisions, you have all the information needed to make an informed decision.
Newly built houses.

How to buy an investment property?

In this blog post, we will provide step-by-step guidance on how to buy an investment property in Australia, along with tips on areas worth looking at and mistakes to avoid so you can make your venture profitable from day one.
Stethoscope with calculator and piggy bank.
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What is medicare levy surcharge?

In this blog post, we'll discuss everything you need to know about MLS in Australia - including key definitions, usage, calculation methods and more.
Blurred portrait of a man.

What is trauma insurance?

This blog post will explain what trauma insurance covers, who should consider it and tips on how best to get the right coverage tailored specifically for your needs.  Read on to learn more about one of Australia's key life insurance products meant exclusively for individuals affected by critical illnesses or injuries!
Two hands protecting a PWD signage.

What is TPD insurance?

If you're considering TPD insurance as an option or simply want to know more about it, then read on! You will learn everything including how much cover is necessary - what are the different types of cover - how and when benefits can be claimed – and any complications associated with filing claims.
Property Investment.

Is investment property worth it?

In this blog post, we'll analyse all angles of investment property so that you can make an informed decision about whether real estate should be included as part of your financial portfolio.
Superannuation planning kit with pen and calculator.

How to set up a self managed super fund?

Setting up an SMSF isn't as easy at it might sound. This blog post will summarise the key steps involved including necessary documents, starting payments, and overall costs.
Senior man using an ATM machine to withdraw money.

How much super can I withdraw after 60?

In this post, we'll look at some tips and strategies that will help maximise your access to superannuation funds over the course of your retirement. Read on for more information about how much super money can be taken out after turning 60.
Tiny house attached to a key.

How to pay off mortgage faster?

In this blog post, we will explore how to pay off your mortgage quicker and smarter through budgeting, making lump payments and refinancing options. Let’s start taking advantage of the many financial opportunities available, so you don’t have to stress out about paying off your loan any longer!
How much is enough and a silhouette of a man.
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How much can I put into super?

This blog post aims to provide clarity on how much you can contribute annually or over a lifetime towards your super balance in order to maximise your retirement savings and reap all the benefits that come with being a savvy investor! Keep reading to find out more!
Balancing debt and income.
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How is debt to income ratio calculated?

In this blog post we'll provide an overview of what a debt to income (DTI) ratio is and explain how it's calculated. Read on if gaining control over your finances is something that interests you!
Elderly man happy on computer wife holds credit card.
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How much money can you have and still get a pension?

In this blog post, we will discuss exactly how much money you can have set aside and still get some form of government pension when planning for retirement.
Happy couple buying a house.
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Can super be used to buy a house?

In Australia, it's actually possible to use your super fund to purchase property. But before we dig into how this works and the benefits involved - let's explore exactly what constitutes 'superannuation' in Australia.
Concrete Tombstones.
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What happens to your superannuation when you die?

Death comes to us all, but the question of what happens to your superannuation when you die can be a tricky one. So, it’s time we addressed the elephant in the room – if you don't have an up-to-date Will and Estate plan, where does that leave your super?
Woman in wheelchair using a laptop.

How much TPD insurance do I need?

In this blog post, we'll be exploring the different factors that should be taken into consideration when deciding on an appropriate TPD coverage amount for yourself or someone else in Australia.
Old couple standing beside a house and near cars.

What is transition to retirement?

Transition to retirement strategies can be an important tool for anyone close to retirement. It refers to the process of shifting from full-time work life towards semi-retirement while also taking advantage of particular tax benefits.
Man using laptop to monitor trading.
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How to pay super as a sole trader?

In this blog post, we'll explain everything you need to know when it comes to paying superannuation as a sole trader in Australia - from how the process works and who's eligible for payment, all the way through to what happens if it isn't paid correctly.
People holding a wooden miniature house.

How to buy property with super?

Are you looking to jump into the property market and start building wealth, but not sure how to do it? You're not alone. Property investment is one of the most popular and powerful ways to create financial security and freedom – but wading through all the information about it can be daunting.
Back view of an old man facing a bridge.

How does an allocated pension affect Centrelink payment?

In this blog post, our team will explain what an allocated pension is, why it matters when claiming the age pension, and how both are taxed in Australia. We even provide some top tips on getting maximum benefit from these pensions.
A person looking at a wallet.
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How much can I salary sacrifice into super?

Have you ever wondered, "How much can I salary sacrifice into super?" Well, wonder no more. In this blog post, we'll break down the current concessional contribution limit and explain why it's important for financial advice clients to be aware of it.
Man holding a transparent jar filled with paper money and coins.

How much super does my employer pay?

Do you feel overwhelmed when trying to work out what percentage of your wage should go into your super fund? If you're an Australian looking for financial advice, understanding the ins and outs of superannuation can feel complex - but we've got some tips to help break it down.
Hanging pink piggy bank.
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Is superannuation an asset?

Understanding the world of money and superannuation can be a difficult task, especially when it comes to understanding where your hard-earned savings stand. So, is superannuation an asset? It's understandable to feel overwhelmed by all the financial terms, but don't worry - we're here to break down everything you need to know.
Miniature house with keys and paper.
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Can I use my super as a house deposit?

Do you dream of owning your own home but, the thought of gathering a large house deposit is keeping you awake at night? If so, have no fear - help is here! We're going to explore whether using superannuation as a house deposit could be an option for Australians wanting to secure their financial future.
Woman went shopping wearing a sunglass and holding a phone.

The future of banking: Marketplace lending revolution

The banking industry is in the midst of a major transformation, and at the forefront of this change is marketplace lending. This new form of lending is deemed to be the future of banking because it enables borrowers to access financing from a variety of sources, including other individuals, rather than traditional banks.
Family sitting on a couch covered with plastic.

Investing for the future: why starting early is critical

Starting early is critical when it comes to investing for the future. The sooner you start saving, the more time your money has to grow. And compound interest is a powerful thing—it can help your money grow exponentially over time.
Two businessmen shaking hands.

Diversifying Portfolio: Investing in overseas shares

In this blog post, we'll take a look at some of the reasons why investing in overseas shares is a smart move in diversifying portfolio, and how you can get started. 
Financial New Year Kick Off Strong in 2023.

Financial New Year: Kick Off Strong in 2023

As we start the new year, we often reflect on the past 12 months and think about our financial goals for the future. As a business owner, worker, or retiree, it's important to think about our money goals and what we want to achieve.
What is a non concessional contribution

What is a non concessional contribution?

A non concessional contribution is a payment you make into your super account from after-tax income. This means the money you use has already been taxed at your marginal tax rate. In this blog post, we'll take a closer look at what non concessional contributions are and how they work. 
Family walking around in a Christmas market

How to create a holiday budget and stick to it

In this blog post, we'll provide tips on how to create a holiday budget and stick to it so you can enjoy the season without breaking the bank. Whether you're looking to save money on gifts, travel, or events, we've got you covered.
The risks of banking on your business for your retirement income.

Business reliance for retirement income

The article focuses on the potential dangers of relying solely on the sale of a business to finance retirement, and offers steps on how to prepare for the sale or succession of your business, such as building up superannuation.
Financial Mistakes

Banking vultures slammed after widowed single mum loses house

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Financial Mistakes

The first rule of fight club don’t talk about fight club

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People walking forward.

Do you and your family need life insurance?

Most people are familiar with life insurance, but fewer are familiar with self-insurance. Self-insurance includes borrowing money, selling assets, or using cash savings in the event of death, as opposed to paying for an insurance policy. 
Father carrying two daughters in a field, son running away.

How much life insurance you need

When it comes to how much life insurance you need, it’s a bit like “How long is a piece of string?” (2 times half its length). What this means is that its is going to be different for everyone and depends on what your circumstances and goals are.
Couple sitting on a wooden chair overlooking the beach.

Life insurance in retirement – what you need to know

As you head towards retirement, it's important to think about what insurance you need. What kind of coverage are you looking for? Do you want to cover your retirement income? There are a variety of options available, so it's important to do your homework and find the right fit for you. 
Keeping up with the Joneses.

Costs of keeping up with the Joneses

A popular quote about money and happiness states that while money cannot directly buy happiness, it can provide the means to enjoy experiences and possessions that can bring happiness.
Flag of the United States.

Can a US recession be a good thing?

The hot topic at the moment seems to be about the US recession and whether it will avoid it or go into it.  But we are in Australia, so should we care?  Well, unfortunately our market sentiments are largely connected, so if the US sneezes, we catch a cold.
What are the best ways to avoid credit card debt.

Ways to avoid credit card debt – learn 4 methods

This article emphasizes the importance of managing credit cards and provides simple suggestions for using them as a tool for effective money management.
Exchange Traded Funds in the blackboard.

What are exchange traded funds?

Have you ever heard of Exchange Traded Funds (ETFs)? You might have some but not know what they are. As investors, we are always looking for ways to grow our portfolio and protect our savings. One way to do this is by investing in exchange traded funds (ETFs). 
Elderly couple walking on the road while holding hands.

What are retirement income streams?

Everyone's idea of retirement is different. For some, it means travelling the world and never having to work again. However you choose to spend your retirement, one thing is for sure: you'll need a reliable stream of income to make it happen. 
Elderly Couple applying for an age pension.

How do I apply for an age pension?

For those of us who have worked hard our entire lives, receiving an age pension can be a bit of a shock. It doesn't seem fair that after contributing so much to society, we are now considered charity cases. Thankfully, the application process for age pensions in Australia is straightforward, and there are plenty of resources available to help you through it.
Six Steps to Effective Debt Management.

Six steps to effective debt management

Australian households are among the most indebted in the world, and it is crucial to take action now to avoid losing everything. This article provides six key steps for effective debt management that will help you quickly and efficiently get your cash flow back on track.
Financial Advice Videos

What good is a financial plan without a regular review

When it comes to financial planning, many people think that they are done once they have put together a plan. However, this could not be further from the truth! A good financial plan is one that is regularly reviewed and updated.
How to stop living paycheck to paycheck.

How to stop living paycheck to paycheck?

The article explains that living paycheck to paycheck is not a desirable situation, but rather a financial emergency. It provides advice on how to break the cycle of constantly needing to rely on each paycheck to get by, through making better financial decisions and getting back on track with one's expenses.
Last Will and Testament.

Responsibilities of the executor of a will

If you're considering taking on the role of an executor for a will, this article is a must-read. It outlines the responsibilities of the executor of a will and helps you understand what to consider before taking on such an important role.
Protecting savings in piggy bank for income protection insurance.

Do you need income protection insurance?

Many people think that their income is safe until they lose their job. But what would you do if you lost your income tomorrow? Protect yourself with Wealth Factory’s income protection insurance advice and rest easy knowing that you and your family are taken care of financially.
A family of four with little children walking together.

Everything you need to know about life insurance in Australia

When it comes to life insurance, there is a lot of information to take in. Here, we provide an overview of how life insurance works in Australia, including the different types of policies available and how premiums are calculated.
Should you consider a testamentary trust.

Should you consider a testamentary trust?

Do you have concerns about what will happen to your loved ones after you pass away? This article provides an overview of testamentary trusts and how they can be utilised in estate planning.
Estate planning to avoid inheritance headache.

Estate planning: Avoiding inheritance headache

In this article, we follow a grieving daughter as she deals with the loss of her mother and the task of sorting out her mother's estate. She must figure out how to use her inheritance wisely through estate planning.
An important conversation with parents and kids.
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An important conversation with parents (and kids)

Older people tend to be very private when it comes to topics such as their finances, estate planning, and aged care. This article offers guidance on how to initiate open and productive discussions with an elderly relative and your children.
White cubes forming the words profit, loss, and risk.

Should I change my risk level when markets are volatile?

There's no doubt that the stock market has been incredibly volatile throughout 2022 so far. Making a change in your risk level based on market conditions can be tricky. Let’s take a closer look at when it might be appropriate to make a switch and when it's better to stay the course.
Hacker wearing a black jacket and a mask.

Your bank account is only as safe as your weakest password

Protecting your information online is becoming increasingly important as cyber attacks are increasing over time, especially in the health sector. There have been many successful attacks on large businesses, universities, and even government agencies that have been victims.
How does inflation impact your portfolio

How does inflation impact your portfolio?

Hope for the best, plan for the worst. Inflation is back after 40 years - how does inflation impact client portfolios?
The Female Investors

The Female Investor

This article will discuss the rise of female investors and the differences in their investing strategies compared to men.
How to go broke trying to get rich quick

How to go broke trying to get rich quick

Can you really become wealthy from a get-rich-quick scheme? This article addresses the many “investment opportunities”, both legal and illegal, that promise big returns over a short period of time, explaining the risks associated with each, and the importance of professional advice.  
What is money.

What is money?

This article provides an overview of the concept of money and currency. It covers the history of banking and money, and explains the key characteristics of money. Additionally, it discusses the evolution of money from its origins to the current day.
invest in index funds australia

Why invest in index funds Australia

This article provides an overview of index funds, including how to access them, their advantages and disadvantages, tips and tricks on how to get the most out of your index fund investments, and concludes with a recommendation to consult a financial planner for further guidance.
Investment Risk Management and Asset Allocation

Investment Risk Management

Volatility in the financial markets is nothing new. Asset prices have always experienced ups and downs, and there will always be risks inherent in investing. However, it's important to remember that investing is a long-term play and the investment risk management is key.
Importance of Record Keeping in Small Business

Importance of Record Keeping in Small Business

According to the Australian Taxation Office (ATO), poor record-keeping is a common reason for the failure of small businesses. In addition to being a legal requirement, maintaining accurate records can have numerous financial benefits.
What rising inflation means for you.

What rising inflation means for you

The word “inflation” has been largely ignored by a whole generation until now. The Reserve Bank of Australia predicts that our underlying inflation will rise to around 6% in the second half of 2022. But what is inflation and how does it impact you?
What will a labor win mean for markets.

What will a labor win mean for markets?

The Labor’s election victory marks the end of the Coalition’s almost decade long reign. Regardless of the election outcome, the bigger question will be being able to govern effectively in a world of higher inflation and interest rates.
Alarm clock and stacked coins.

How to Save More Money for Retirement?

Are you looking for ways on how to save more money for retirement but don't know where to start? You're not alone! In this post, we'll outline some tips for how to save money when you retire in Australia.
Need help with tax planning.

Tax Planning: Forward Planning Reaps Rewards

The tax planning is the process of arranging your affairs in such a way as to minimise your tax liability. It involves looking at both your current situation and anticipating any changes that may occur in the future.
Old couple using a tablet while sitting on a couch.

Your Retirement Planning Checklist 2022

Imagine a world where we can finally quit working — where we don't have to go to work every day but still get paid. Sounds like a dream, doesn’t it? All it takes is a well-thought-out retirement planning strategy tailored to your specific requirements.
Five proven ways to decrease taxes.

Five Proven Ways to Decrease Taxes

Benjamin Franklin's famous quote, "In this world, nothing can be said to certainly exist, except death and taxes," is just as true today as when it was first said. The only thing that has changed over the years when it comes to taxes is the taxation law-with so many options available.
Guide to Retirement Living

Step-by-Step Guide to Retirement Living

Are you getting close to retirement and feeling a little lost about what to do? Or maybe you're already retired and looking for ways to make the most of your golden years? Whatever your situation, this step-by-step guide to retirement living will help you every step of the way. 
Old woman using a tablet with leaves behind her.

Keys to a Successful Retirement

When it comes to retiring in Australia, there are a few things that you need to take into account. In this blog post, we'll take a look at the keys to a successful retirement in Australia. So read on and see if any of these strategies could work for you.
An old man looking far away in the beach.

Financial Planning: Looking at the Past to Plan Ahead

Financial planning means planning for the future. If you want to plan for the future, you should take a look at your current situation, assess and then write down what you want to do in the years to come. You can do financial planning yourself or you can do it through a financial planner.
financial checkup

12 Important Questions for a Financial Checkup

Financial Checkup is an opportunity to review your financial situation over the past year and ensure that you are still managing your money effectively. It is a good time to take stock of your income, expenses, etc., and make any necessary adjustments to ensure that you are on track to meet your financial goals.
Australian Federal Budget 2022 Summary

Australian Federal Budget 2022 Summary

With the federal election only a couple of months away, it was no surprise to see an Australian federal budget filled with announcements that will appeal to the life of voters – such as cost-of-living relief payments, tax cuts, improved parental leave, small business incentives, and investing in healthcare and essential services.
Is the Australian entrepreneur in you calling

Is the Australian entrepreneur in you calling?

The Australian Small Business and Family Enterprise Ombudsman reported that the number of small and micro businesses in Australia has significantly increased in 2020. If you are considering starting a home-based business in Australia, here are some tips to help you get started.
Financial Resolutions to Start the New Year.

Financial Resolutions to Start the New Year

Many people set financial goals as New Year's resolutions in order to achieve bigger and better things. These goals can help you save money and improve your financial situation. If you want to set financial resolutions, here are some suggestions that can help.
credit cards

Are credit cards retiring in 2022?

Credit cards have been the dominant form of financial payment for the last 40 years, but recently, there has been a shift towards other financial media to reduce charges and costs. Despite the rise of new financial media in Australia, the use of credit cards decreased.
Woman swimming.

How to maintain Strategic Financial Plan

Financial planning allows you to assess your present condition and plan for your financial future in life so you don't make the same mistakes you made in the past. You may have more control over your finances by creating a strategic financial plan. You make money work for you rather than the other way around.
your future your super bill

Your future your super bill passed 2022

Significant advice opportunities have been created, particularly for older clients, as a result of the passing of the 2021 Federal Budget super proposals. We summarise the Your Future, Your Super reforms to help you navigate the new rules as well as highlight key advice opportunities to maximise client outcomes in 2022 and beyond.
Personal Financial Management Plan

Personal Financial Management Plan

We believe that the key to prudent personal financial management planning is to conduct regular reviews of our clients’ investment and superannuation portfolios, and, of course, a review of their overall financial planning requirements. 
A logo of AIOFP.

AIOFP Video – state of the financial advice industry

As a member of the Association of Independently Owned Financial Professionals (AIOFP), we are sharing this video that they produced outlining the state of the financial advice industry in Australia.
Superannuation the greatest tax avoidance tool.

Superannuation – The greatest tax avoidance tool

I'm okay paying tax, but as Kerry Packer famously said, "Of course I am minimising my tax." And if anybody in this country doesn't minimise their tax, they want their heads read because, as a government, I can tell you that you are not spending it that well, that we should be donating extra."
2020-21 Australia Federal Budget Overview

2020-21 Australia Federal Budget Overview

Australia Federal Budget Overview for 2020-2021.
Boost your income.

The New Income Protection Rules in Australia

Do you rely on working and earning an income? Do you have family and loved ones that rely on you and who depend on you to provide an income for them? If you said "yes" to any of these questions, then you need to act now!
Transfer Balance Cap

Transfer Balance Cap Australia Explained

The government introduced a Transfer Balance Cap (TBC) in July 2017, which effectively limits the total amount of superannuation available to be transferred into a tax-free retirement phase pension.
Written paper and a flower.

Let your will legal document speak for you

When you're here to supervise your worldly affairs, you can ensure your voice and current wishes are heard and heeded. But what happens when you're no longer here? What voice will be heard? While the will remains the centerpiece of estate planning, there are additional tools you may not be aware of.
Could a Tree Change Work For You

Things to Consider When Making a Tree Change

Now that working from home is the norm, an increasing number of people are considering relocating to the countryside to enjoy the fresh air. If you're going to uproot your entire life and relocate to a small town, there are a few things you should think about first.
Record Housing Loan Commitments Continue

Record Housing Loan Commitments Continue

In December 2020, the Australian Bureau of Statistics (ABS) reported that new loan commitments continued to soar and break records, driven by owner-occupier home loans and first home buyers. 
Covid Vaccine

The Autumn season 2021 update is here!

For many, the uncertainties of last year have caused a shift in priorities, and the lure of escaping the cities for more idyllic country lifestyle is tempting. In this edition we take a look at some key considerations when contemplating a tree change.
Gamestop Store

Gamestop – What is happening on Wall Street?

What is GameStop and what on earth does it have to do with us in Australia? GameStop Corp is an American video game, consumer electronics, and gaming merchandise retailer.
Merry Christmas

2020 – The year that was Wealth Factory

Quick overview of everything that happened in Wealth Factory in 2020.
Person connecting pins using a nylon.

How does long term financial planning work?

Financial planning is a process. This is the reason it is often more expensive than people expect. If your super fund is providing limited free advice, they are likely conflicted and not going to suggest or compare external products.
Budget update

Budget 2020-2021 Update

Update on Federal Budget 2020-2021
Build Wealth with $200

Build Wealth And earn a million with $200

Have you ever wanted to have a million dollars in your bank account? Today, I’m going to tell you a wealth strategy by which almost everyone can have $1,000,000 in the bank.
income protection, Why is financial advice expensive?

Why is financial advice expensive?

Why is financial advice expensive? It's because it's a long process. This explains why it is often more expensive than customers think. Some people even assume it will be free, yet free lunches don't exist. 
Coins and a seedling.

$10000 from super: should you do it?

Hi everyone, it's Rob from Wealth Factory and I just wanted to run through the disadvantages of withdrawing $10000 from super, some figures I have calculated and, if you have to do it, as some of you are doing it tough at the moment, how to get back to the position you were before.
Wealth Protection Advice
Retirement Financial Planning
Managing Retirement Savings in Volatile Times

Managing Retirement Savings in Volatile Times

It's never too early to begin making plans for a better financial future. Here are some tips for managing retirement savings in volatile times. Don’t panic. Things will recover over a long enough time period.
5 Financial Challenges That Advisers Solve

5 Financial Challenges that Advisers Solve

You may be on the fence about whether hiring a financial adviser makes sense for you. So, why would someone hire a financial adviser rather than manage their own money? Here are five problems that many consumers face that can be alleviated by hiring a pro.
2020 sucks
Financial Mistakes
An attorney holding a wooden gavel.

Protecting Your Super Legislation Australia

The "protecting your super" legislation is aimed at protecting people's super with adjustments to insurance in super, fees, and lost member accounts. Insurance inside super may be cancelled if you don’t opt in to keep it. Make sure you're up to date on the situation and know what you should do if you're affected. 
Paying goods using credit card

Paying off your credit card after the fun is over

The holidays are over, and you’ve had a great time. But, the dreaded credit card statement has arrived, and you wonder how you’re going to pay it off. The happy holiday memories suddenly disappear. Paying off your credit card debt is hard. It takes a lot of discipline.
Miniature of an elderly couple.

What is the deal with superannuation?

What is the deal with superannuation? Superannuation is a hot topic at the moment. In this blog post, we'll explore what superannuation is and how it works in Australia. We'll also look at some of the key issues surrounding superannuation and provide some tips on how to make the most of your retirement savings.
Financial Mistakes

The financial mistakes I made at the start of my career

I have indeed made financial mistakes. I am passionate about what I do because of that. I am familiar with the struggle of living paycheck to paycheck, and I now understand how to fix it. I enjoy helping people in taking charge of their finances.