November 2011
You are browsing the archive for November 2011.
Cash in your frequent flyer award points
In September 2001 I lost over 100,000 frequent flyer points when Ansett Australia collapsed. I had been accumulating reward points with the intent of funding an overseas flight. To that end I’d even paid for a domestic flight rather than use some of my points. What a waste! Back then it was a common complaint [...]
Buying a house with friends or family
This article was originally published in the LawCentral Bulletin 390 on 7th November 2011 and is republished with permission of the author, Brett Davies. Question Hi Brett. I’m a recent university graduate. I’ve been lucky enough to land a graduate job earning a decent wage. The problem is, with rents so high and house prices [...]
Women: a great little reminder from a hot guy
And after you’ve finished checking your breasts check if you have protection from the financial consequences of a serious illness like breast cancer. The key tool is trauma insurance, which pays you a lump sum on diagnosis. You can use the lump sum to: Help fund out-of-pocket costs for medical treatment Give your partner time off [...]
How compound interest works
MoneySmart, the financial literacy website produced by Australian Government regulator ASIC have produced this brief video to explain how compound interest works. Compound interest is an essential base concept to understand before investing. So if you don’t understand it then I recommend you spend one minute watching this video. Then please share in the comments [...]
Retirement lifestyle costs quick estimator
By Matt Hern on November 15, 2011
The ASFA Retirement Standard for the September 2011 quarter has just been released and reveals that “in general, a couple looking to achieve a comfortable retirement needs to spend $55,316 a year, while those seeking a ‘modest’ retirement lifestyle need to spend $31,767 a year.” One of the most useful elements of this quarter’s update [...]
Posted in Planning | Tagged ASFA Retirement Standard, Commentary, retirement planning | Leave a response