December 2007
You are browsing the archive for December 2007.
Almost $12 billion in lost superannuation
As at 30th June 2007 there is $11.9 billion in lost superannuation, according to the Australian Commissioner of Taxation’s Annual Report for the financial year 2006-07. This staggeringly large amount of money is spread across 6.1 million accounts. That’s an average of $1,950 of lost superannuation per account. Could some of this lost superannuation be [...]
Your place in the wealth scale
New research on 30,000 wealthy Australians has revealed “Income, saving and – most importantly – time are the most important elements of wealth creation” – well surprise, surprise! Doug Turek of Wealth Benchmarks has been researching wealthy investors since January this year. In the latest edition (5th December 2007) of The Eureka Report, Doug presents some [...]
Retirement simulator launched by AMP
Today AMP launched a new online tool called the “Retirement Simulator“. I’d like to congratulate them as it is a well constructed, flexible tool for estimating how much you may need to save to achieve your desired retirement lifestyle and for that lifestyle to last until at least your life expectancy. By necessity the tool [...]
A wonderful gift of financial literacy for your children
Last Saturday a terrific book was released here in Australia, it’s called “R for Richlife” by Julie Davey. Julie describes it as “a book for kids about how to manage money and how to manage without it.” It may be written with children in mind but both my wife and I agree that adults can eaily learn [...]
Insurers never pay, right? Wrong!
Insurers are nasty and will do their absolute best to deny a claim so what’s the point of having insurance – right? Wrong! During the last financial year 98% of all Australian personal insurance claims were paid. And of the 2% that were initially rejected a further third were later paid as a result of [...]
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