Starting 1 July 2024, a range of superannuation changes are set to take effect. Here’s what’s changing and how it may impact your super. Super Guarantee increase From 1 July, the minimum amount employers must contribute to employees’ super each year — the Super Guarantee (SG) — will rise from 11% to 11.5%. This means […]
As the baby boomer generation start preparing to pass on their combined $3.5 trillion to their children, Australia has some challenges ahead. Who will be left to help guide that money once it changes hands? Reports show that the demand for financial advice is going to skyrocket. About 2.6 million Aussies, who don’t have advisers […]
You would think as a financial adviser, I would say me. But as a reformed accountant, I have a unique perspective on things. Sometimes it is the financial adviser, typically when the client in question is an employee. Even someone on a salary of a million dollars a year can have simple accounting needs. In […]
It’s a bright Monday morning in Sydney, and the offices of Plenary Wealth are buzzing—not with the chatter of people, but with the harmonious hum of AI at work. The company, known for its forward-thinking approach, has embraced AI to enhance its services and client interactions. Josh, one of the co-founders, starts his day by […]
Every decision we make is composed of both conscious and unconscious bias, however, just like you wouldn’t seek a general practitioner (GP) for a complex heart issue or cognitive decline, you shouldn’t rely on non-specialists – or, worse, no advice at all for important financial decisions. Why then do we witness each day clients who […]
Let me paint a picture here. Things are looking good. You’re 50 years of age, happily married, living in your forever home with no debt. Your kids have all left school and are starting to fend for themselves. You’re at the peak of your powers professionally and are looking to retire by 60. Suddenly you […]