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  • By Kofkin Bond & Co / November 15, 2017

    You have probably heard of the significant benefits associated with workplace wellness programs; perhaps you have even implemented one in your organization. What many employers (and others) don’t realize is that financial wellness is just as important as physical wellness. In fact, employees who struggle from financial trouble are often more likely to have less focus at work, an unhealthier lifestyle and higher medical costs. Incorporating a financial component to your wellness program can be a strategic move that both your budget and your employees will appreciate.

  • By Kofkin Bond & Co / October 22, 2017

    Many Australians don’t have to think twice about saving for retirement because their employer regularly contributes on their behalf. These savings then have decades to grow and years to ride out the ups and downs of the share market.

    But what happens once you retire? Is there a one-size-fits-all, no fuss retirement investment option? Right now there’s not, so it’s important to understand what you need to start thinking about to make the most of your retirement savings. Brian Long explains.

  • By Kofkin Bond & Co / October 17, 2017
    In most cases, a spinal cord injury is permanent and irreversible. It is a traumatic and devastating experience for the individual, their family, and friends and changes their lives forever. Spinal cord injury can happen to anyone at any time.

  • By Kofkin Bond & Co / May 19, 2017

    By Ashley Owen on May 18, 2017

     

    The 2017 Federal Budget has turned attention as usual to the issue of government debt. Commonwealth governments ran a surplus during the mining boom from 2003-2008 but it has run deficits since the GFC to prop up employment and growth. The deficits have been funded by running up $500 billion (and rising) in debt. Is this too high? Can we afford it?

  • By Kofkin Bond & Co / April 27, 2017

    Financial planning is very much so a “chicken or egg” exercise when it comes down to which part of one’s financial life. Where do you start?

    While I love to delve off into economics, investments, strategies, etc. I find my default is to first ensure everything my clients intend to happen, even in the scenario of an unplanned event, still does happen.

  • By Kofkin Bond & Co / April 20, 2017

    By Romano Sala Tenna on April 20, 2017,

    Working as a stockbroker during the .com boom, I overheard an interesting conversation.

    In early 2000, the technology sector was white hot. Hundreds of small mining stocks were ditching their mineral prospects and re-inventing themselves as Silicon Valley look-alikes. The move had been underway in the US for about four years and Australia was late to the party, but CEOs were working hard to make up for lost time.

  • By Kofkin Bond & Co / April 11, 2017

    I was lucky enough once to try my luck in one of those cheesy money booths and despite not actually winning, anything it spurred the thought – what happened if I did? How would life change? what car would I buy first?

  • By Kofkin Bond & Co / March 30, 2017

    The introduction of the $1.6 million transfer balance cap, effective from July 1 this year, will impact the estate plans of many superannuation members. This article reviews the role of insurance as part of an SMSF’s investment strategy and the changes that people may need to make.

  • By Kofkin Bond & Co / March 22, 2017

    Heres a good one for all of the Accountants and Trusted Advisors in the room where appropriate planning might assist you with:

    • Access tax deductions up to $30,000 under 49 years and $35,000 over 50 years (may become subject to work test) through concessional contributions. To be reduced to $25,000 across the board as at 1 July 2017.;
    • Bring forward next year’s concessional amount in this financial year, i.e. claiming for two years of concessional contributions in one year (i.e. between $55,000 and $60,000 concessional contributions this financial year).
    • This strategy would best be suited to those self-employed, operating a Self-Managed-Super-Fund (i.e. not receiving Superannuation Guarantee payments

  • By Kofkin Bond & Co / March 10, 2017

    Benjamin Franklin said that “an investment in knowledge pays the best interest”, but given the rates of interest on offer at the moment and the spiraling costs of education, saving enough to fund your kids’ or grandkids’ education can be a real challenge.

    Wouldn’t it be great to know that school fees were covered? One less big ticket item to worry about, and the confidence of knowing that you are in a position to make the best educational choice for your child, without being unduly influenced by the price tag.

    Education, particularly private education, can be monumentally expensive. For the vast majority of Australians, unless they win the lottery, they will be paying for education as they go, and feeling the pressure. As returns on savings attract tax, attempts to save consistently for a long-term goal can feel like one step forward and two steps back. Super is great from a tax perspective, but it’s not much help if your children will be starting school before you’re 65.