Artificial intelligence (AI) is defined as a system that's able to demonstrate some of the behaviours which are generally associated with human intelligence, ranging from planning, reasoning and learning through to problem solving.
In the last half a century, the average life expectancy of both women and men in Australia has continued to rise and rise - from around 74 years old to 84 years old [https://www.aihw.gov.au/reports/life-expectancy-death/deaths-in-australia/contents/life-expectancy].
The number of people hitting the incredible 100-year-old mark is also on the rise and this poses a serious problem for many people. Most notably, how to fund your life after retirement.
Last month, Westpac announced that it would no longer be offering SMSF loans for both residential and commercial properties as of the 31st of July.
Since then, more of the big banks have followed suit and declared they will also be moving out of the SMSF lending space. The Commonwealth Bank is now the only big bank continuing to offer SMSF loans to its customers.
Why is good financial advice so important?
In today’s uncertain economy, correct financial advice is absolutely essential. It can even mean the difference between poverty and prosperity. From managing business expenses, to investments, to your superannuation, the household budget and more, properly managing your money can be overwhelming.
Though for the best part of 20 years it’s been a compelling city in property terms, there’s now a need for greater caution when investing here.
For the past two years, Melbourne enjoyed the status of being the second best-performing capital city for property, after decades of consistent stability. A different scenario is now emerging.
Melbourne still offers plenty of opportunities for real estate investment. However, there are also areas that represent greater risk, where your return could well fall short of your expectations.
So where are the best properties in Melbourne and how can you avoid high-risk locations and types of real estate?
After months of deliberation on when downsizer contributions will take effect, the day is almost here and it's time to gather all the information and find out if you are eligible for these new contributions. We've put together a guide explaining everything you need to know about the new law and what it means for you and your property. Keep reading to find out more.
Recently a marketing consultant we work with here at Yield Financial Planning referred his parents to us. Besides feeling like it was a vote of confidence in what we are doing, the consultant could clearly see, what we were providing through our financial planning services is what his parents were not receiving through the current financial advisor that was largely acting as an investment advisor.
After this insight I wanted to take the time to share my experience of what the difference is between holistic financial planning advice and investment advice.