Finance News

Ask The Guru A Question

Posted on Friday, November 25, 2011
Question: I read your previous articles on business succession planning. As a financial planner, I want to move more into the insurance risk area. I don’t really want to know the tax stuff as I expect Civic Legal will take care of that. Rather, can you tell me the problems that your clients face in this area? Can you grant me a licence to reproduce what you say, please?

Answer: Getting a tax lawyer to talk about the softer side of succession planning – thank you, no one has ever asked me to do so. Businesses suffer if they do not plan for a principal’s death or disability. Consequences include: Read the rest of entry »

13 Key Areas That Demonstrate A Bad Advisor

Posted on Thursday, November 24, 2011
In the complex world of advising clients it is important to identify the 13 key areas that demonstrate a bad advisor. It is in these areas that accountants, lawyers and financial planners leave themselves open to litigation from clients and possible denial of a claim from their professional indemnity insurer. Read the rest of entry »

Centro Direct Property Fund - Unit Redemption Opportunity

Posted on Wednesday, November 23, 2011

On Tuesday 22 November 2011, the Responsible Entity of the DPF mailed investors a Supplemental Disclosure Document regarding the unit redemption opportunity.  

Centro Adviser Services

Aus Toll Free: 1800 103 080
NZ Toll Free: 0800 449 605
Email: adviser@centro.com.au

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The 10 Most Undebted Nations

Posted on Wednesday, November 23, 2011

10 most undebted nations

There are many different ways to measure debt as a factor in a nation's economic health. In fact, there are so many that we can sometimes lose the meaning of any one measure. In this article, we'll look at two different measures of debt and how they change the landscape of the most indebted nations.

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How Much Money Do You Need To Comfortably Retire?

Posted on Wednesday, November 23, 2011

According to the ASFA Retirement Standard a couple looking to achieve a ‘comfortable' retirement will need around $54,562 a year to fund it, while a more modest lifestyle will cost about $31,263 a year. For singles, a comfortable lifestyle will cost approximately $39,852 and $21,587 each year for a more modest lifestyle.  

The table below summarises the weekly costs for housing, energy, food, clothing and so forth and then provides a yearly figure. As is probably true for most Australians, the biggest costs tend to be transport (or maintaining a car), food and then leisure. A more detailed table that runs over individual costs for such things as memberships, dinners out, computer and telecommunication costs can be downloaded here. You could use this more detailed form to more accurately estimate your own costs in retirement.

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