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  • By Kofkin Bond & Co / June 15, 2020
    Reading Time: 3 minutes

    As restrictions continue to ease, it almost feels safe to look ahead and think about retirement saving again. And, of course, the looming deadline on this front is June 30.

    As always, there are contribution opportunities for some. It is vital to lodge the necessary paperwork.

    Anyone still able to make super contributions who also has a high taxable income should ensure they have made full use of the $25,000 limit on “concessional contributions” for financial year 2020.

    Concessional contributions are normally thought of as salary-sacrifice and superannuation guarantee contributions. They are called “concessional” because if an employer pays this money as superannuation rather than salary, there is less tax taken out – superannuation funds pay tax at lower (concessional) rates than these individuals pay on their salary.

    But in fact any of us can make concessional contributions.

  • By Kofkin Bond & Co / June 11, 2020
    Reading Time: < 1 minute

    In today’s podcast, Tony and Jamie discuss the current state of the markets, what could happen if we see COVID cases rise again in the coming month, how the recent Global protests could be a good test case to see if we do get hit by a second wave due to no social distancing, how we have successfully positioned our portfolios and how we see the coming 3-5 years.

  • By Kofkin Bond & Co / June 11, 2020
    Reading Time: 7 minutes

    There are a few key questions that people need to think about when planning for their retirement, such as:

    • How much do I need (and can afford) to save for my retirement?
    • How do I invest my superannuation to improve my retirement outcome?
    • How do I safely draw down and spend my savings during retirement?

    As compulsory Superannuation Guarantee (SG) contributions only commenced in Australia in 1992, starting at 3% of earnings and gradually increasing to 9% by 2002, it is fair to say that our superannuation system is still relatively immature. In addition, the SG only applies to employees who earn more than $450 in a calendar month and doesn’t apply at all to the self-employed and contractors in the so-called ‘gig economy’.

  • By Kofkin Bond & Co / June 11, 2020
    Reading Time: 4 minutes

    The Australian economy contracted by -0.3% in the March 2020 quarter and the June quarter will see a much larger fall. Australia is now in its first economic recession since Paul Keating’s ‘recession we had to have’ in 1990-1991. Perhaps surprisingly, economic recessions have generally been good for share prices in Australia, and the stock market rose on the news of the March 2020 number.

    There is widespread acceptance that the government-ordered shutdowns of activities created instant recessions and unemployment for tens of millions of workers around the world. The debate is now about how deep and how long the recessions or depressions will be.

  • By Kofkin Bond & Co / June 3, 2020
    Reading Time: < 1 minute

    Today’s podcast welcome’s Matt Leech, Kofkin Bond & Co’s newest team member.

    The team discuss Matt’s introduction into the industry some 13 years ago, the cultural fit that he has seen at Kofkin Bond and how he likes to engage with his clients on a personal level.

     

  • By Kofkin Bond & Co / June 3, 2020
    Reading Time: < 1 minute

    We are pleased to announce that Matt Leech from Incite Wealth in Sydney, will be joining the Kofkin Bond Family.

    Matt is an exceptional adviser with 13 years experience. Heading up our Sydney office, Matt’s various skills and insight will be integrated into the Kofkin Bond model of business.

    Matt has been known to show compassion for his clients and their outcomes and knows that he will be a wonderful addition to the business.

    We are very excited to have him on board.

  • By Kofkin Bond & Co / June 2, 2020
    Reading Time: 2 minutes

    Financial worries affect most Australians at some point. The good news is, you’re not alone. If you’re feeling stressed about your finances, please reach out to us for help. There are also plenty of support services to help you through.

    According to a Deloitte study, over 50% of the population worries about outliving their retirement savings. Of course, we’re all experiencing a little extra worry right now due to COVID-19. But it’s not just your bank balance that feels the strain, as financial stress can affect your mental health and physical health too.

  • By Kofkin Bond & Co / June 2, 2020
    Reading Time: 2 minutes

    Landing a new job is an exciting time that offers new opportunities, challenges and often a change in your financial circumstances. We look at the aspects of your finances that may need to be reviewed when you start a new job.

  • By Kofkin Bond & Co / June 2, 2020
    Reading Time: 3 minutes

    There’s a lot going on that we can’t control in the current environment, but one thing we can all do is work on keeping a positive outlook. It’s important during difficult times to protect yourself and prioritise your wellness.

  • By Kofkin Bond & Co / June 2, 2020
    Reading Time: 6 minutes

    In the iconic Australian film, The Castle, the family lawyer, Dennis Denuto, is struggling to make his case in court, bumbling around with a copy of the Australian Constitution. Finally, he sums up in a segment that has both entered Australian folklore and become required viewing for law students:

    “It’s the vibe of it … It’s the Constitution. It’s Mabo. It’s justice. It’s law. It’s the vibe and … ah, no, that’s it. It’s the vibe. I rest my case.”