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Wealth

Personal Finance

Today

A Russian hacker has been named as being responsible for the Medicare Private hack.

Deepfake images lure investors to bogus stock clubs

The ASX is among the latest to be exploited in frauds costing investors at least $25 million a week. Here’s how to spot a scam:

  • 1 hr ago
  • Duncan Hughes
Assistant Treasurer and Minister for Financial Services Stephen Jones is consulting with industry about financial advice laws.

Government still stumped by financial advice semantics

The government will try to head off a semantic storm over the term “qualified advisers” by replacing the words with “product adviser”.

  • Joanna Mather
Australia’s major super funds have overlooked a valuable opportunity by not allocating more to gold.

Why superannuation funds are wrong on gold

Millions of Australians could be missing out on the benefits of gold because of a conflict of interest inherent in big super.

  • Chris Brycki
Incorporating non-financial factors into long-term investment decision-making is good investing, not just ESG investing.

No, ESG funds have not had their day

Recalibration of ESG investing has been an excellent exercise in weeding out the greenwashers, bandwagon participants and naysayers. 

  • Amanda MacDonald

This Month

The potential tax hit is alarming wealthy super savers and forcing some to rethink their strategies.

How the $3m super tax whack might hit property investors

Plans to tax unrealised gains on super balances have investors considering options. Here’s what calculations show about the potential impact of the tax.

  • Duncan Hughes
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RBA governor Michele Bullock revealed “the board did discuss the option of raising interest rates”.

RBA’s credibility at risk as central banks confront interference

The contradictions in the Reserve Bank of Australia’s communications reveal policy conflicts that could erode its already embattled credibility.

  • Christopher Joye
Outgoing NSW Building Commissioner David Chandler worked hard to improve the quality of apartment towers.

Building commissioner’s parting warning for property developers

David Chandler’s legacy includes an army of inspectors able to identify the developers most likely to produce suspect buildings.

  • Jimmy Thomson
Emma Lo Russo with her children Eliza and Jack.

Love or money? What to tell kids about career choice

Do you tell them to do what they love or urge them to become a doctor, accountant or a lawyer because it will provide financial security?

  • Bianca Hartge-Hazelman
While governments find it tempting to punish people holding large balances with more tax, what we really need is to learn from the past.

A smarter way to tax high super balances

The government has tried to keep things simple, but in doing so fairness has gone out the window.

  • Meg Heffron
Forget emotional tirades – focus on getting a decent settlement and moving on with your life.

How do I avoid a messy, hostile divorce?

Don’t hire a bulldog lawyer and or make any sudden moves with your finances, lawyers say.

  • Penny Wise
Sarah Chehab fast-tracked her retirement through the acquisition of this boutique supermarket site in Sydney’s Waterloo.

The overlooked asset class that could set you up for retirement

Residential property investment is good for accumulating wealth, but commercial property will provide retirees with a better income stream.

  • Michelle Bowes
A question of super.

We have $700,000 in super – can we buy investment property with it?

If you want to add a geared investment property to your retirement savings, here’s what you must think about.

  • John Wasiliev
Macquarie and CBA are going head-to-head to win deposits from business customers.

Stressed by rates and thinking about fixing? Try the sleep test first

Lenders outside the big four are offering some of their best fixed mortgage rates in more than a year, but practice extreme caution, experts say.

  • Updated
  • Lucy Dean

The investment shift that could undermine your wealth plan

Whether to invest for income or growth is not the right question to ask for those in or moving to retirement.

  • Tim Mackay
Services that offer simple wills are not doing the will maker any favours unless they explain what the will maker is giving up by using one.

Why there is no such thing as a simple will

You’ve got to understand what you’re giving up when you sign a simple will – and how there are better ways to protect your loved ones.

  • Peter Townsend
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Anecdotally, retired Baby Boomers are providing more financial help to their kids and grandkids.

Not just cruises: Boomers direct spending to kids and grandkids

Financial advisors report many over-65s are helping family members rather than splurging – though travel is a thing.

  • Joanna Mather and Lucy Dean
Fed Chair Jay Powell clearly wants to do everything he can to avoid adversely impacting President Joe Biden’s electoral prospects.

Central bank independence is dead

Politicians are compromising central banks’ commitments to price stability targets, and the ensuing sticky inflation will require a much tougher cost of capital to extinguish.

  • Christopher Joye
The rooftop pool at Moran’s new Cronulla development.

Inside Australia’s most luxurious retirement pads

Rooftop pools, plush libraries and temperature-controlled wine cellars – welcome to deluxe retirement living.

  • Michelle Bowes
Hornsby resident Alex De Muelenaere may live in Sydney but when hunting for an investment property he looked north to Brisbane.

Why this Sydney investor bought property in Brisbane

Investors from Sydney and Melbourne are increasingly looking further afield in the hunt for value. But how do you go about buying in an unfamiliar market?

  • Michelle Bowes

Should we pay off our mortgage or keep it for a line of credit?

A line of credit can serve as a financial lifeline – the trick is to know when to let go.

  • Penny Wise