The recently released 2018 Vanguard/Investment Trends SMSF report offers insights into the hard work the nearly 600,000 Australian self-managed super funds are putting into growing their retirement savings.
Have you read the news today? Chances are there’s something happening in the world with the potential to keep you awake at night. But it’s one thing to follow the news, it’s another to act on it in a way that can backfire on you as an investor.
News out of the Hayne Royal Commission into financial services has raised concerns among many people about how they can expect to receive trustworthy, thoughtful and appropriate financial and investment advice in such a climate.
Thorough estate planning involves putting in place strategies that address all aspects of your situation. Often, we assume this simply involves making it clear in a Will who we would like to inherit assets if we pass away. However, while a Will can help ensure your estate is distributed according to your wishes, it may not be effective in dealing with a significant portion of your wealth.
As we are well into the new calendar year and almost three quarters of the way through the 2018 financial year, now is an important time to take stock of the various recent super reform issues to ensure SMSF trustees are maximising their personal financial position. Here are five items to consider: