Last Updated on 30 May 2024 by Ryan Oldnall Every country has its own retirement savings system that helps residents plan for their long-term financial future. For those familiar with the ROTH IRA, we will explain the similarities and differences with the Australian superannuation system. And explore what’s the closest thing to a ROTH IRA…

Last Updated on 4 May 2024 by Ryan Oldnall Looking for different ideas on how to invest $1,000 in Australia? In this article, we will cover some ideas you can start today. Some of these are straightforward and can be done in a matter of minutes or hours. Others are more long-term and require some…

Last Updated on 22 March 2024 by Ryan Oldnall Comparing superannuation funds can be needlessly complicated, as important information is often buried or difficult to access. Fees are commonly presented in a mixture of dollars and percentages, further complicating the comparison. Furthermore, comparing fund performance is made even more challenging due to variations in reporting…

Last Updated on 7 February 2024 by Ryan Oldnall Offset accounts are great financial tools that can significantly reduce the interest you pay on your home loan. These accounts are designed to help homeowners save money by using their savings to offset the balance of their mortgage. But what if you have more money in…

Last Updated on 27 January 2024 by Ryan Oldnall Scott Pape, popularly known as The Barefoot Investor, has devised an Emergency Fund Strategy, which stands as a fundamental element of his financial philosophy. This strategy offers a clear and practical approach to ready oneself for unexpected financial challenges. The strategy centers on the “Mojo” account,…

Last Updated on 27 January 2024 by Ryan Oldnall If you work for a not-for-profit organization, chances are you are aware of salary packaging. Salary packaging is your way of maximizing your take-home income and paying less tax in the process. In this article, I will explain why I believe salary packaging is worth it….

Last Updated on 27 January 2024 by Ryan Oldnall Individuals employed in the Not-for-Profit (NFP) sector often seek ways to make a positive impact while facing the financial constraints inherent in their chosen field. To address this, the Australian Government introduced NFP salary packaging benefits, allowing employees to maximize their earnings while contributing to meaningful…

Last Updated on 27 January 2024 by Ryan Oldnall If you work for a not-for-profit organization, chances are you are aware of salary packaging. Salary packaging is your way of maximizing your take-home income and paying less tax in the process. In this review, I will unpack what Salary Packaging is, CBB Salary Packaging, the…

Last Updated on 27 January 2024 by Ryan Oldnall Debt recycling is a financial strategy that involves leveraging your existing home equity to invest in income-generating assets, such as shares or investment properties. It’s a wealth creation technique that aims to use your mortgage to your advantage by recycling non-deductible debt (your home loan) into…

Last Updated on 27 January 2024 by Ryan Oldnall Retirement planning is an aspect of life for individuals across the globe, and Australia is no exception. In this article, we will delve into Australia’s retirement accounts, known as superannuation, examining the key components, tax benefits, challenges, and the importance of responsible financial planning. The Australian…

Last Updated on 27 January 2024 by Ryan Oldnall When it comes to retirement savings, there are various options available to secure your financial future. For residents of the United States and Australia, two popular choices are the Roth Individual Retirement Account (IRA) and Superannuation, respectively. While both aim to provide financial security during retirement,…

Last Updated on 27 January 2024 by Ryan Oldnall If you have attended university or are looking to attend university you have likely heard of HECS. HECS, short for the Higher Education Contribution Scheme, is the Australian Government’s program that enables students to have their educational expenses covered by the Government upfront. So this raises…

Last Updated on 27 January 2024 by Ryan Oldnall HECS debt is a significant part of many Australian students’ lives, and keeping tabs on it is important. In this brief article, we’ll guide you through the process of checking your HECS debt with images. How to Check HECS Debt 1. Creating a myGov Account: Start…

Last Updated on 27 January 2024 by Ryan Oldnall With rising inflation and increased cost of living many people are looking to save money where possible. Those who attended university have been left wondering Why Is My HECS Debt Not Going Down? What is HECS Debt? To understand why your HECS debt isn’t going down…

Last Updated on 27 January 2024 by Ryan Oldnall Australian Super has grown to become Australia’s largest super fund with 3.06 million members and $274 billion in assets under management (AUM) [1]. The Australian Super Indexed Diversified option has returned on average 7.22% over the past 10 years as of June 2023 [2]. In this…

If you are looking for the answer to the question: In your budgeting process, when should you look at recurring expenses? The answer is

Last Updated on 27 January 2024 by Ryan Oldnall Saving money for a car is a financial goal that is important for many as it is a ticket for freedom and flexibility. A car can provide essential mobility and convenience, making it a valuable asset in many aspects of life. To achieve this goal, setting…

Last Updated on 11 February 2024 by Ryan Oldnall Financial literacy is an important skill for anybody, including teenagers as it equips you with the knowledge and tools to make smart money decisions throughout your life. Starting to save money during your teenage years comes with several advantages. It lays the foundation for future financial…

Last Updated on 27 January 2024 by Ryan Oldnall A 401(k) and a superannuation plan are both retirement savings options. They serve as long-term tools for securing one’s financial future during retirement. In this article, we will explore some common factors and differences that exist between the two retirement options. 401k vs Superannuation A 401(k)…

Last Updated on 27 January 2024 by Ryan Oldnall In your search for a retirement savings plan, you might be curious if there exists a counterpart to the widely recognized Roth IRA in the United States. The closest Canadian equivalent of the ROTH IRA is the Tax-Free Savings Account (TFSA) In this article, we will…

Last Updated on 27 January 2024 by Ryan Oldnall Retirement planning in every country can look very different, with each having their own retirement saving systems. If you’re familiar with the 401k, we’ll discuss how it compares to Australia’s Superannuation system and find the closest equivalent to a 401k in Australia. What is a 401(k)?…

Last Updated on 27 January 2024 by Ryan Oldnall Australian Super stands as Australia’s largest industry superannuation fund, boasting a membership of over 3 million individuals. It maintains offices not only in all major Australian cities but also in international locations such as London, Beijing, and New York [1]. In contrast, Hostplus Super is a…

Last Updated on 27 January 2024 by Ryan Oldnall Many of us have seen the ads on TV comparing Super Funds spruiking the benefits of specific Super Funds. When they say “compare the pair” what do they actually mean? In this article, we will explore Industry Super Vs Retail Super funds. Giving you real-world examples…

Last Updated on 26 January 2024 by Ryan Oldnall Vanguard Super is a relative newcomer to the Australian Super Fund industry, launching in October 2022. Vanguard announced in May 2023 that they had $500 million in assets under management with over 10,000 members to date [1]. Hostplus Super on the other hand is a well-established…

Last Updated on 6 March 2024 by Ryan Oldnall Australian Retirement Trust has grown to have 2.2 million members and $240 billion in assets under management as of April 2023, becoming one of Australia’s largest super funds [1]. In this Australian Retirement Trust Review, I will discuss Australian Retirement Trust performance, fees, and how it…

Last Updated on 20 February 2024 by Ryan Oldnall Aware Super, Formerly First State Super is one of Australia’s largest industry superannuation funds. Aware Super has grown to have 1.1 million members and $125 Billion of combined assets as of May 2023 [1],[2]. In this Aware Super Review, I will discuss the pros and cons…

Last Updated on 8 March 2024 by Ryan Oldnall What are the Top 10 Super Funds In Australia? In this article, we will rank publicly available Super Funds by their membership size, assets under management, and their average 5-year and 10-year performance. Australia has many Industry Super Funds, which are run for the profit of…

Last Updated on 3 March 2024 by Ryan Oldnall Retail Employees Superannuation Trust (REST) has 1.9 million members and $70 billion in assets under management as of June 2023, making it one of Australia’s largest super funds on a membership basis [1]. In this REST Super Review, I will discuss Retail Employees Superannuation Trust’s performance,…

Last Updated on 20 February 2024 by Ryan Oldnall UniSuper has grown to have 600,000 members and $115 Billion of combined assets as of May 2023 to become one of Australia’s largest super funds. [1] In this UniSuper Review, I will discuss the pros and cons of UniSuper. UniSuper markets itself as one of the…

Last Updated on 27 January 2024 by Ryan Oldnall The Barefoot Investor by Scott Pape is an Australian investor classic. The Barefoot Investor was first published in 2016 which was then revised and updated as of 2022. This Investor classic talks you through the day-to-day management of your money and paying down your debts. Scott…

Last Updated on 4 February 2024 by Ryan Oldnall Tax time doesn’t have to be stressful! If you’ve ever wondered, “What can I claim on tax?” you’ve come to the right place. We will go through the 5 biggest tax deductions you might be able to use at Tax time. We’ve developed a thorough overview…

Last Updated on 27 January 2024 by Ryan Oldnall Australian Super is Australia’s largest industry superannuation fund. Australian Super has grown to have over 3 million Super members and has an office in every major Australian city, as well as, London, Beijing and New York [1]. In this Australian Super Review, I will discuss the…

Last Updated on 27 January 2024 by Ryan Oldnall Many Australians who have pursued higher education at a public university are likely to have incurred a HECS debt as a consequence of their enrollment. This article will explore every aspect of the HECS-HELP program. This is Your Comprehensive Guide to everything you will ever need…

Last Updated on 30 May 2024 by Ryan Oldnall Vanguard Super is a relative newcomer to the Australian Super Fund market. Having announced its intention to launch an Australian superannuation fund back in 2020, Vanguard Super started in October 2022. In this Vanguard Super Review, I will discuss the pros and cons of Vanguard Super…

Last Updated on 4 February 2024 by Ryan Oldnall Australia has no specific age for when a person must retire. Often when Australians discuss their retirement it is done from the perspective of when they are eligible to draw the Australian age pension. Currently, the age eligibility for the Australian age pension is 67 years…

Last Updated on 11 February 2024 by Ryan Oldnall What Is Passive Investing? Passive investing, also known as long-term investing, is a strategy where investors buy and hold stocks for an extended period. Investors will typically hold onto these shares for 5+ years, but often 10 years and beyond. Passive Investing Australia has become a…

Last Updated on 27 January 2024 by Ryan Oldnall Debt is an unavoidable part of most people’s lives, whether it’s a mortgage, credit card, afterpay account, or car loan. However, not all debts are created equal. It’s important to differentiate between good debt and bad debt to make informed financial decisions. So when it comes…

Last Updated on 26 February 2024 by Ryan Oldnall Cost of living in much of the world is at an all-time high with inflation levels at their highest points in recent times. With the rise in inflation an individual’s “real income” is gradually being eroded away with the increasing costs in services, utilities, and consumables….

Last Updated on 27 January 2024 by Ryan Oldnall Most people ask the question “How To Choose A Superannuation Fund?”. The best answer is to understand what a super fund can provide you long term. The decision you make on your Super fund detail will impact on your later lifestyle goals and retirement plans. A…

Last Updated on 3 March 2024 by Ryan Oldnall Investment properties and their gearing have become popular topics of discussion among investors. Negative Gearing in Australia is a very hot topic, especially for investors. Some individuals actively seek out negatively geared properties, believing it to be the best strategy to lower their taxes. The benefit…

Last Updated on 27 January 2024 by Ryan Oldnall Australia has had a number of tax rate changes over the past few decades with this being the most recent shuffle. Under the new stage 3 tax cuts, Australia will have just 4 tax brackets. The logic behind the removal of the 37% tax rate is…

Last Updated on 23 January 2024 by Ryan Oldnall Taking out a loan for an investment property is a common strategy. In order to buy an investment property, we lend money from a bank to buy it. But what if you want to borrow money to invest in shares, ETFs or managed funds? If you’re…

Last Updated on 23 January 2024 by Ryan Oldnall What is Dollar Cost Averaging (DCA)? The Dollar Cost Averaging (DCA) strategy is a popular investment concept that allows investors to spread their risk over a period of time. Instead of making a one-time, large lump sum investment, an investor makes incremental investments over a regular…

Last Updated on 27 January 2024 by Ryan Oldnall When you’re considering investing or getting a loan, you may be asked whether you want an offset account. So What is an offset account? An offset account is a type of account that’s linked to your home loan. The money in your offset account “offsets” the…