Top answers this month
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Ask an Adviser - Creating a Basic Budget
How do I go about creating a basic budget? Should I look at my budget spending over a week, a month, a year, or my pay period? When I've created budgets in the past I've gotten very granular, and then it seems like so much information it is difficult to find ways or places to cut back... How can this be simplified? And in terms of sticking to a budget, do you have any recommendations for how to do this?
Ronald Pratap
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Ask an Adviser - Should We Wait For Conditions To Improve Before Changing Our Investment Strategy?
My wife and I are self funded retirees and we derive our income from our AustralianSuper Choice Income Pension Accounts. In 2016, the Fund’s Financial Advisor advised us to each invest 50/50 in their Conservative Balanced and Diversified Fixed Interest options. As conservative investors, would we be better served reviewing the current strategy when conditions improve and spread our account balances across an investment mix that offers a balance of both security and modest income growth. We’re also considering utilising AustralianSuper’s Bucket strategy if we proceed with any change recommended. John and Mary from Berry, NSW
Simon Shepherd
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Ask an Adviser - Can I Afford Retirement Village Living
As much as I really feel keen on the concept of Retirement Village living, I am struggling with whether I can afford it. It is the fees that worry me, they seem to add up to more than what I put away each month to pay my bills. And, is this a wise move financially if I do need to move into Aged Care in future - I would have more from the sale of my home than a Retirement Village home? FYI, I own my home, currently worth $350-365,000, approx $50,000 in super (keeping for a future car and white goods) and I live on the aged pension and a small UK pension which will never go up.
Bob Nixon
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Ask an Adviser - Advice on Holding and Selling Shares
My share portfolio in my fund is $600,000 and they are all Australian shares. Some are good and some aren't so good . Who can I get to advise me on what to sell and what to hold and what would the cost be for this service?
Ryan Walker