Key Person Insurance – Who you need to insure?
When you own or manage a business, you have a responsibility to ensure that your company can continue to prosper & succeed, no matter whether the key members whom you rely on are present or not. Obviously, if someone were to become unwell or pass away and they are a key person in your business, […]
Emergency money – how much and what should I do with it?
The hot water service blew up, the dog needed emergency surgery or you broke your wrist and can’t work for 8 weeks. These aren’t life changing financial emergencies, but they can certainly have an impact on your savings – or if you don’t have savings, create or add to your debt. How much should I […]
There’s more than you think – Tax Concessions for small businesses
At Maddern Accountants, it’s safe to say that we L-O-V-E small business. From micro businesses and soloprenuers, to established small to mid sized companies turning over 7 figures per year, our passions rest in seeing small businesses work hard for their owners. We constantly see research which illustrates the impacts and benefits small business has on our economy. It is estimated […]
Aged Care in Australia
One of the most difficult personal challenges in life is making the decision for a loved one to go into an aged care facility. It is typically an emotionally-charged time for an older person who is both leaving the comfort of their home and some level of independence, which can be made more difficult by […]
Risk-cautious Generation X women mimicking retirees
Generation X women are mimicking the risk-cautious investment habits of retirees in a problematic trend given they’re in their prime financial accumulation phase of life. The pattern was revealed in the Colonial First State Global Asset Management/University of Western Australia Business School Equity Preference Index, which measures flows in and out of managed funds from non-advised investors […]
Still time for 50+ to financially prepare
The last baby boomers turned 50 this year and many are facing an uncertain retirement on the financial front, however there is still time to make a big difference to your financial future at this age. This age group won’t be able to access the government aged pension until 69 or 70 according to planned […]
Women & money – facts about unique financial challenges faced by women
Sound familar? Visit the Moneysmart Women’s money toolkit for guidance on managing your money or contact Maddern Financial Advisers here to arrange a complimentary appointment with an independent financial adviser. Sources: 1. ASFA, Superannuation Statistics for 2011/2012 (May 2014) 2. ASIC’s MoneySmart Credit card debt clock (May 2015) 3. Council of Australian Governments (21 Oct 2013), […]
Keep perspective, not panic; professional investors believe we are in a normal correction.
You may have been watching the market fluctuate over the past week. We thought that we would take a few moments to outline some of the key points as to what has been happening with the market. Firstly, it is important to remember that investment markets move in cycles and negative corrections are a completely […]
Insights on Gen Y financial decision making
Generation Y are more likely to seek financial advice from a friend or family member than a professional, according to research conducted by RaboDirect. At the same time, Gen Y is the most trusting of financial planners as a source of financial advice of all the generations. However, cost appears to be the biggest hindrance to enlisting the help of a qualified financial planner, […]
August 2015 Australian Economy Snapshot