These two client stories provide some insight into the process of weighing up the pros and cons of an SMSF. You will read in the first client story why Veronica and John decided to proceed to an SMSF and in the second, why Patricia and Alfred decided against it. Client Story 1 – Veronica and […]
If you like the safe feeling of keeping your retirement nest-egg close to you, then you are not alone. There are many people who also want to control their own wealth in their own way. Some like the feel of cash, while others prefer to invest in tangible bricks and mortar. Then there are those […]
No one likes to think about their own incapacity or mortality but estate planning and insurance-planning is not about you. In the event of something going seriously wrong, it’s about considering the family around you, who must care for you. In the event of your death, whether premature or not, it’s about leaving clear instructions […]
If you are a novice and not sure where to start with investing, please ask me. I would rather give you general advice and guidance free of charge than know you have charged ahead and lost your money. Meanwhile, read on and learn about THREE INVESTMENT SCREAMERS that can cause a lot of financial pain. […]
Definitely not! They are all different, and I have summarised some the most common types of super in the marketplace with a brief description: Government Super – if you work in any level of government you will have this type of super. Some funds offer some great contribution benefits and if you have been in […]
Without putting too fine a point on it, retirement is a journey from ceasing work to the end of life, and it is far from a homogeneous experience. Circumstances change and sometimes change suddenly. At Gary Weigh & Associates, we see retirees going through three broad phases. Settling in Phase This period is different for […]
There is no doubt that setting up an SMSF with individual trustees continues to be the most popular choice. It is cheaper and less effort but it has the potential to set up the trustees for unnecessary risk, unwanted hassle and avoidable stress if / when an unfortunate event occurs. And such an event could […]
In my experience as Principal Advisor at Gary Weigh & Associates, many people don’t have a clear vision for their SMSF before jumping in. The overriding need for control over superannuation is not enough. It is important to understand why the need for an SMSF exists. As an experienced financial advisor, I can tell you […]
In Gary Weigh’s experience as Principal Advisor at Gary Weigh & Associates, he sees a lot of people in SMSFs who clearly shouldn’t be there. Often, they are there because someone else has recommended or promoted the idea. Gary believes that, “If you are not intending to invest in Real Estate property or Collectibles (e.g. […]
In my experience, the majority of Australia’s superannuation members are better off staying out of SMSF and choosing another form of superannuation. If you are not hell-bent on buying direct property as an asset of your SMSF, then I would strongly encourage you to look at other options before jumping into a Self-Managed Super Fund. […]