Skip to main content

Articles

Written by: Ryan Love
Thursday, 12 August 2010

The government recently passed legislation enabling paid parental leave for the first time in Australia’s history.  With an election looming, paid parental leave has become a key election issue. This article compares both Labor’s and Liberal’s paid parental leave polices.

Labor's Policy

The passing by the Labor government of a paid parental leave scheme was seen by many as a win for those thinking of starting a family.  This policy is now law, and comes into effect on 1 January next year.

Written by: Ryan Love
Friday, 06 August 2010

It's a natural desire to want to protect your child from harm and keep them healthy.  Unfortunately, on average over 65,000 children each year are admitted to hospital.  I would guess that for most parents they would have thought "it would never happen to them".

Most parents only have one wish when it comes to the health of their child – "don't worry about cost, make my child better!"

Child Cover insurance has a vital role in the "make my child better" outcome of the lives of sick and injured children.

Written by: Ryan Love
Friday, 06 August 2010

Insurance is about managing risks so when it comes to insurance, the old adage, 'better safe than sorry' rings true.

Research conducted by ING Australia has found that Australians are overwhelmingly optimistic about their financial future. This optimism is a key driver behind Australia being the most underinsured of any developed country.

Many Australians simply don’t have enough insurance, and some have none at all. It’s a worrying thought when you consider the following statistics:

Written by: Ryan Love
Friday, 06 August 2010

First Home Saver Accounts can be a simple and tax effective way for Australians to save for their first home through a combination of Government contributions and low taxes.

The government will contribute 17% of the account holder's personal contributions for the financial year. For the 2009/10 financial year, contribution threshold is $5,000 and the government can make a maximum contribution of $850. For the 2010/11 financial year, the threshold goes up to $5,500 and maximum government contribution increases to $935.

Written by: Ryan Love
Wednesday, 04 August 2010

Educating your children is a major expense — the sooner you start saving for it the better.

Parents often go faint when they see the cost of school and university fees — just how much depends on the schools and universities they choose. Australian parents spend, on average, $50,000 on education and childcare for each child.

Written by: Ryan Love
Monday, 02 August 2010

The Australian sharemarket bounced back in July, with the All Ordinaries Index increasing 4.2% to close at 4,507.4 points.  Improved confidence and a positive US reporting season drove all markets higher. 

The Dow Jones Index closed up 3.2%, the FTSE gained 6.9%, the Nikkei 225 gained 1.6% and the Hang Seng increased 4.5% for the month. 

Written by: Ryan Love
Sunday, 01 August 2010

The first monthly fall in house prices in 17 months in June has signalled aggressive interest rate increases over the last year have successfully cooled off what had emerged as a source of instability in the economy.

The RP Data-Rismark Hedonic Home Value Index fell a seasonally-adjusted 0.7% in June versus May, but rose a seasonally-adjusted 0.1% in the second quarter from the first quarter. From a year earlier, capital city house prices were a seasonally-adjusted 10.5% higher, according to the report.

Written by: Ryan Love
Wednesday, 28 July 2010

One of the most common questions asked of a financial adviser is what is best; property or shares?

The truth is that there are benefits and disadvantages to investing in both property and shares.  As always, it is important not to over commit yourself, have a level of diversification and ensure that an investment fits within your overall wealth creation strategy.

Written by: Ryan Love
Tuesday, 27 July 2010

Commencing a family is a major lifestyle milestone.  As such, it is important to ensure that you can enjoy this time with your new family and not worry about your finances.  This article explains 5 financial tips to help you prepare for a new baby.

1. Practise Living on a Single Income

Written by: Ryan Love
Tuesday, 27 July 2010

The recent passing of legislation for Paid Parental Leave is seen by many as a win for those thinking of starting a family.  However, it is important to consider whether you are better off taking the Baby Bonus rather than the new Paid Parental Leave.

By taking paid parental leave, eligible Australians will forfeit the baby bonus, family tax benefit Part B and the dependent spouse offset. Industry modelling puts the average additional benefit at only $1000 to $2000 – and shows in some cases it could be to your detriment.