News
Stay informed with MENTOR1At MENTOR1, we believe that because it is your future, you need to be completely informed and involved in all decisions that concern you.
So along with the tailored advice, we provide additional resources to help keep you up to date.
How much money do you need to retire?
Key takeaways According to the Association of Superannuation Funds of Australia (ASFA), to have a ‘comfortable’ retirement, single people will need $595,000 in retirement savings, and couples will need $690,000, assuming they receive part Age Pensions.1 Retirement...
The potential estate complexities of dying without a will
Having a legally valid will can go a long way to avoiding disputes over the division of your assets. What did the artist Picasso, musicians Bob Marley and Aretha Franklin, and billionaire entrepreneur Howard Hughes have in common? If you’re thinking they had amassed...
Giving your portfolio a caffeine inspired boost
With interest rates likely to fall this year, borrowers could invest some or all of their mortgage repayment savings. Inflation may be coming off its high, but the retail price of coffee isn’t likely to lose any monetary steam. Depending on where you buy, the average...
Managing money as a family: things you should know
Key takeaways What to prioritise when managing your family’s finances, such as debt management, establishing an emergency fund, and investment options to deliver financial security. In the hustle and bustle of daily life, managing money can sometimes feel like a...
Markets love certainty, but what happens next?
Financial markets can be like finely tuned racehorses, poised to gallop ahead under ideal conditions but often highly reactive to unexpected events. It’s often said that the markets love certainty. Investors feel more confident when economic conditions are stable and...
Planning financially for a career break
A pause in super contributions can have long-lasting effects. Here's how to plan ahead for super breaks. There’s a host of reasons why people take career breaks. Having and raising children, or taking an extended holiday or sabbatical, are the most common reasons....
Potential tax savings through super
Key takeaways If you contribute some of your after-tax income or savings into super, you may be eligible to claim a tax deduction Making a salary sacrifice contribution into super could see you pay less tax than if you received the money as take-home pay If your...
Life in retirement keeps getting more expensive
The latest rise in the Age Pension rate still falls short of what many people may need to have a modest lifestyle in retirement. Around 2.58 million Australians received a 1.78% government Age Pension payment boost on March 20 as part of Centrelink’s twice-yearly...
Develop an investing plan
Planning is the key to successful investing. Creating a plan will help you find investments that fit your investing time frame and risk tolerance, to help you reach your financial goals sooner. 1. Review your finances Before you invest, review your financial...
Why invest in shares that pay franked dividends?
Key takeaways The key benefits of franked dividends, including tax efficiency, and a stable income stream. How franked dividends can act as an effective hedge against inflation. As a savvy investor, you should always be on the lookout for strategies that not only...
What insurance do you need when buying a house?
When getting ready to buy property, there are many things to keep track of as settlement approaches. An important consideration is what you will need in terms of insurance – admittedly not the most exciting part of buying a new home, but one which can save you money...
SMSFs and property
Understand the rules, costs and risks of setting up an self-managed super fund (SMSF) to invest in residential property. Self-managed super fund property rules You can only buy property through your SMSF if you comply with the rules. The property must: meet the 'sole...