Welcome to our Cardena Economic Snapshot for October 2019. This is a monthly publication which shares our insights and commentary on key economic and market developments.Read more >
Thanks to our legal firm partner, Hall & Wilcox, for providing this content.
We are often asked the question ‘how much should I leave for my children’, especially when children are not being treated equally or a child is estranged. Unfortunately, there is no magic answer. If the child is an eligible applicant under the applicable State or Territory legislation for estate claims, the individual should try and make adequate and proper provision for that child even if they do this reluctantly.Read more >
Interest on a loan or that you receive on a deposit can be calculated in two ways: by simple interest or compound interest. How interest is calculated matters over time and that’s why financial advisers recommend paying down debt as quickly as possible and adding regularly to investments, especially very long-term investments like superannuation.Read more >
Tips to get younger people saving money
This is the first note in a series designed for you to share with your children. At Cardena, we’re thinking about your extended family and ways that we can help them build a strong financial future – by starting now.
The word ‘budget’ invokes fear in many that treasure ritual pleasures such as a daily cup or two of barista coffee or Sunday morning brunch. A friend recently confided she spent $1,600 last year on coffees. This might surprise you, but it only takes a couple of bought coffees a day to reach and exceed that number. Small daily amounts can add up!Read more >
28 February 2019
Australia’s superannuation nest egg is estimated at more than $2.7 trillion and is attracting attention all over the world but not all of it is positive. Domestically, both sides of politics have altered superannuation and investment rules in the name of fairness but in the process changed the landscape for investors, forcing them to reconsider their choices. Never has there been a more important time to seek financial advice and be confident in your investments to sustain your financial future.
Last year the Labor party signaled that they will reform a number of measures should they win the next general election expected in May.Read more >
Philanthropy is no longer just the domain of high profile business people. Antonia Ruffell, CEO of Australian Philanthropic Services, explains why you could be missing out if you’re not considering philanthropy in your financial plan.Read more >
Up until February 2017, Australian home care services were allocated in care level packages, which were awarded to service providers. Now, consumers in need of care are assessed for levels of home care and associated funding, which they can use to purchase services from providers of their choice. This is called Consumer Directed Choice or “CDC”.Read more >
Last year my wife and I welcomed our first child. With all the joy that she brings, having a child has really made us consider what some of the key financial priorities are for our family over the next few years.Read more >