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.
Couple goals: saving for a home deposit
One of the biggest challenges first home buyers face at present is saving for a decent deposit. While there are definitely some advantages to buying as a couple compared to on your own, pooling your savings for a deposit can put a strain on even the most solid...
Managing investment market highs and lows
Key takeaways: One of the key principles of successful investing is to adopt a long-term perspective and remain committed to your investment strategy By spreading your investments across various asset classes, sectors, and geographical regions, you can reduce the...
Prepare to retire
Preparing to retire is emotional and practical. Making a retirement plan can help you manage your finances, and cope better as your life and priorities change. Make a retirement plan Your retirement plan can be simple or detailed. Include: Timing — when you want to...
Investing in property? Know the costs before you buy
Why invest in property? What makes this such a popular option? You can earn rental income plus benefit from capital growth. What’s different for investors vs. homeowners? Stamp duty If you’re an investor you’ll also pay stamp duty, which varies, depending on your...
Transition to retirement income stream: a complete guide
Key takeaways A transition to retirement income streams enables you access your super before you retire, once you’ve reached your preservation age—between 55 and 60 depending on your date of birth It can be used to reduce your work hours while maintaining the same...
How an ageing population permanently changed the Australian economy
Key points: The Intergenerational Report 2023 released by Treasury gave Australians insight into the national economy from 2023 until 2062 – 2063 The care and support sector and its workforce were projected to double over the next 40 years The paid workforce...
Setting financial goals as a couple
Step one: what are your financial pain points? When you start making plans, chances are you’ll both come across financial pain points. In other words, the areas that need some attention and possible alterations. These might include: post-wedding or honeymoon debts...
Is your mortgage still working for you?
A mortgage is a long-term commitment, which many people enter with a ‘set and forget’ mentality. Most loans are around 30 years – during which many things can change, not just in your personal circumstances but in the financial world, with the new loan products and...
Retirement planning for small business owners
When you run your own business a good retirement plan can bring real peace of mind. Read more about your options - and why it's never too early to start. Planning your retirement When you’re busy running your own business retiring could be the last thing on your mind....
Travel on a shoestring
If you are saving for a long-term goal, it can feel like you have to miss out on things such as travel to keep your savings on track. That’s not necessarily the case, it is possible to have a fantastic holiday without breaking the bank or derailing your savings plans....
The essentials of estate planning
Key takeaways Preservation age: this is the earliest age where it’s possible in normal circumstances to access your super Estate planning professionals can assist in structuring the estate plan, navigating tax and any social security implications, ensuring compliance...
Trusts and the new super tax rules
Ensuring you’ve structured your finances tax-effectively is always a concern, but with new tax rules for super on the horizon, many people with large balances are considering alternative vehicles to save for retirement. Unsurprisingly, this has sparked a renewed...