Noel Whittaker's Blog
By Noel Whittaker
Recently a reader emailed me as follows “My super balance Is $260,000 and my wife’s balance is $80,000. When I input our numbers into your Super Contributions Indexed calculator, (7% return, 2% salary increase) my potential balance is $2.7M and hers is $1.4M by the time we reach 65. Given that my balance should well …
Welcome to a new decade. I’m going to start it off by talking about the way credit cards work, because I received a number of emails over the holidays complaining about excessive fees. Be aware that unless the credit card balance on your latest statement is paid in full before the due date, interest will …
Some call it the silly season, others call it the festive season, but for many a better title would be the “aged care season”. It’s a time when families come together, maybe for the first time since last Christmas, and realise that Mum or Dad – or both – need some care and support. The …
At a recent seminar, I was astounded to hear the speaker claim that the mathematical skills of over 50% of the population were limited to the ability to add and subtract. It was in the context that “complicated” financial terms like compound interest were far beyond the comprehension of the average person. This paints a …
New studies show that almost 50% of Australians are financially stressed and unable to pay their bills as they come in. Financial stress can affect every aspect of your life, and will only get worse as we approach the Christmas period, when overspending is rife. So it is timely that I have just released a …