There’s been a lot of talk about the intergenerational wealth transfer as Australians, mostly Baby Boomers, retire over the next 20 years leaving significant financial legacies to their X and Y Gen offspring.
We know talking about money with your parents can be difficult. Sensitive and upsetting at best and for some families – taboo. However, it’s among the most important discussions you’ll ever have with them and here we identify THREE conversation starters that may help you to get them talking.
It’s not always easy to talk to the next generation about the responsibilities of money. Nor is it easy to explain the value of qualified advice to a cohort that is accustomed to relying on online information.
According to the Intergenerational Report released earlier this year, $3.5 trillion will transfer from Baby Boomers to younger Australians in the next 20 years. That being so, it’s more important than ever to understand your wealth and how you want it to be managed once you’ve passed away.
To engage Stratus Financial Group means partnering with people who are fully committed to helping you live your best life. It means working with team members who realise that what you really want from your financial adviser, in addition to advice and the coordination of your financial resources, is a sincere understanding of what is…
Many would agree that the impacts of COVID-19 remind us of what is most important in our lives: family, friends, the opportunity to work and the freedom to travel. And while it is understandable that the impact of the pandemic on your financial situation is preoccupying your thoughts at this moment, we encourage you to…
In 2020, more than ever before, and in light of the recently introduced COVID-19 Government superannuation relief measures, we recommend reviewing your superannuation strategy well in advance of the end of the financial year. Certainly, it’s a pertinent time to consider your investment strategy and understand that share market corrections may create market opportunities. And…
We hope you are doing well during these extraordinary times. We also want you to know that we are well informed and here to help you understand the financial support measures that are available both now, and as new measures emerge. Here we have prepared a quick summary of the key facts.
These are certainly extraordinary times for everyone and we want you to know that we’re here to provide you with support and reassurance. As a firm, we are well established, financially sound (yes, we take our own financial advice) and extremely well placed in terms of technology. May we also assure you that while team…
The Australian Prudential Regulatory Authority (APRA) recently announced a range of measures to income protection that aims to sustain this important insurance. Here I summarise why these changes are SO important, and why high-income earners and self-employed business owners in industries that include mining and resources need to act NOW to benefit from favourable definitions that will soon be removed.…