Category: News

How to increase the retirement savings?

9 July, 2014

Most Australians today are worrying about saving a few extra dollars for their retirement. You need to have a strategy on how much to save and how to save. This strategy would help you to start with the plan and continue with it, effectively.

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How to reduce tax in your retirement?

5 July, 2014

When it comes to the worth of the retirement fund, it all depends upon the tax. You will be left with the fund after the tax for spending. Thus, the amount of money which would go as tax is very essential. According to statistics, most of the people underestimate the power of the taxes. Retirement does not give the leverage of not paying taxes.

Most of the retirees think that the mortgage, leisure and health care are the top most expenses in the retirement fund. However, what they do not realize is that the taxes stand at the top in the expenses. 23% of the retirees do not even consider the taxes in the calculation.

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How to survive the debt?

2 July, 2014

Though the economy is a big downturn, people have not stopped borrowing money. This means that most of us are in a debt that we cannot repay. On an average, each Australian household is in a debt of a little more than six thousand dollars as of April, 2014. As per statistics, 277 individuals are declaring insolvency, every day. That means, one person is becoming bankrupted, every five minutes and 12 seconds. Here are a few tips to make sure that you are not in that list.

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Tips for early retirment savers

28 June, 2014

It is always better to start saving for your retirement from your first job. It is easier when you start early in life. Here are a few tips for the people in their 20’s who have started to think about their last 30 years of life.

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What are the tax deductions for people who work from home?

25 June, 2014

Just like the other businesses, you can also avail tax deductions for your work from home job. Basically, you can avail all the deductions that an SME can avail. The tax deductions can be classified into two major categories.

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Traditional Company Retirement Plans Are Still Strong

21 June, 2014

As more and more, older people start worrying about their retirement plans, the year 2013 had something very surprising to show. It has been found that the traditional retirement plans still continue to be very much in demand.

After the crisis of 2008, the performance of traditional retirement plans has been phenomenal and that’s the reason that they are still not done away with. However, while this is good news, the big corporate houses may take a cue from them and stop offering them altogether.

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What to do with your tax refund?

18 June, 2014

Are you waiting for your refund? On an average, an Australian would get 3000 dollars as tax refund. What are you planning to do with the tax refund? It is always better to use it to pay off any debts or put aside for any emergency uses.

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How to save more money by avoiding bank fees

14 June, 2014

All the banks around you are announcing a lot of offers and customer retention programs to keep you in their business. This shows how profitable the banks find your account. This is mainly due to the bank fees incurred by the customers, every year.

Most of the people with or without knowledge are spending a lot of money as bank fee. The Bank introduces fees for a lot of different reasons from maintenance to the transaction process. Though the fee looks small in the beginning, they add up to a big figure. Small or big, it is once again your money that you can save. Here are a few fees that can be avoided.

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Are you prepared for your retirement?

4 June, 2014

The first fear of retiring is the financial insecurity. Your incomes would drastically decrease and your spending might be higher than usual. According to a survey, about 50% of the people have not planned enough money for their retirement and about 20% of them have not started their retirement planning. Here are a few tips to help you plan your retirement perfectly.

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How easy will it feel to work from home

31 May, 2014

There are many people who create a ‘work area’ in their home so, when they are in their home, they can concentrate on their work. It furthermore helps to set a visual perception in the space, concentrating on the working goals, they are heading towards.

You get the best part of both the worlds: domestic and corporate. You get to work at your own home, yet you earn money like you would, if you worked at an office. It’s like owning my cake and getting the opportunity to eat it too. Who doesn’t wish to own the cake? Work from home has its advantages. However, it’s not as easy as it sounds. There are several things, I have learned from the last fourteen years regarding how it is in actuality, to work from home.

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