Planning

STARTING OVER

Lessons from bankruptcy

Thousands of Australians go bankrupt every year, and it's a life-changing experience for many.

TIP OF THE WEEK

Get rich by talking about yourself in the third person

big short michael burry

Talking to yourself in the third person can help you make better financial decisions.

ASK NOEL

The rundown on annuities

Illustration: Michael Mucci

Noel Whittaker   Noel Whittaker answers a reader's question about how annuities work.

ASK NOEL

Defensive strategy for investors

Illustration: Michael Mucci

Noel Whittaker   Noel Whittaker answers a reader's question about whether to opt for a lower-risk option for superannuation to ride out the volatile times.

AGED CARE

Residential aged care for pensioners

The government funds aged care for elderly people with low means.

Bina Brown   The government will subsidise aged care for elderly people with low means.

BOURIS ON MONEY

Investing in volatile times

To deal with market volatility, you must understand what's within your control and what's not.

Mark Bouris   Here we go again. Another year, another series of stories about world markets, Chinese economic growth and the ASX.

EDUCATION

Back to school, but at a price

Marcelle Gomez and her husband Christian are saving so they have options when 15-month-old Cruz hits high school.

John Collett   Education costs are rising faster than inflation, so if you want choices about schools for your children, you need to plan ahead.

YOUR QUESTIONS

How to optimise super in your 60s

Couples need to do their retirement planning together.

George Cochrane   Buying property for a SMSF is questionable when people are close to retirement age.

FINANCIAL ADVICE

Financial advisers say new standards could push thousands out

Financial planners must have a degree or equivalent  by 2019 under draft federal  legislation.

Clancy Yeates   Thousands of financial advisers might quit the industry if the government pushes ahead with plans to make advisers hold degree-equivalent qualifications in three years, an industry group says.

WELL HEELED

What are you prepared to suffer for?

If you're not prepared to suffer for a goal, it's not worth it to you.

Melissa Browne   Are we destined not to change or can we salvage our goals made for 2016? The short answer is yes and no.

ASK NOEL

'I'm 60, divorced and I lost my job – help!'

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Noel Whittaker   Personal finance expert Noel Whittaker answers readers' questions.

AGED CARE

Residential aged care: how can I afford it?

People must decide whether to keep their home or sell it when they move into residential aged care.

Bina Brown   A guide to the different options of residential aged care and what you can expect to pay.

MIND OVER MONEY

What The Big Short movie can teach ordinary people

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Caitlin Fitzsimmons   It's exciting watching the traders short the US mortgage market before the global financial crisis, but it's not something the rest of us can emulate.

ASK NOEL

Should you keep your investment property or reduce debt?

Illustration: Michael Mucci

Noel Whittaker   Noel Whittaker answers readers' questions.

How to have a conversation with loved ones about aged care

Alison Ridge with her 87-year-old father Barry Ridge in aged care.

Bina Brown   January is when many families confront the need for aged care, after spending time together over Christmas.

Kickstart 2016 with a financial health check

The new year is a good time to review your money goals.

Kate Jones   The new year is an opportunity to reset your money management and build prosperity - like electrician Paul Buhagiar who paid down $26,000 of his home loan last year.

How to retire overseas

James and Evelyn "Copper" Booth have retired to Penang in Malaysia.

Kate Cowling   Leaving the beach gets harder every year. But if you're over 60, maybe you don't have to.

SUPER & FUNDS

Retirement calculators mislead super fund members

The online calculators on some super funds' websites are shoddy.

John Collett   Some of the retirement calculators on the websites of the largest super funds are misleading fund members.

INTELLIGENT INVESTOR

Top 10 money mistakes of the middle-aged

In your 40s and 50s you are more likely to have extra mouths to feed.

Graham Witcomb   You're at the height of your career and you probably have a couple of extra mouths to feed. Here are the 10 biggest money mistakes to avoid in your 40s and 50s.

WELL HEELED

Surviving the Christmas crunch

Business cash flow can be tricky from December to March.

Melissa Browne   If you're a business owner, Christmas can be a stressful time where you feel like you are simply holding your breath until you reach the end of the year.

YOUR QUESTIONS

Capital gains tax may apply when you split units

Property in St Kilda has made significant capital gains since the 1980s.

George Cochrane   We live in combined flats as our permanent place of residence and neither one has ever been rented. We wondered if upon sale of either flat we will have to pay any capital gains tax? A.D.

BOURIS ON MONEY

'Transition to Retirement' the best-kept secret in super

''Transition to retirement'' lets mature-age workers scale back their hours of work.

Mark Bouris   There's an under-used government policy that allows the benefits of both working and using your super, without totally losing the advantages of either.

What you can learn from the Packers

Kerry Packer is greeted at Sydney Airport by his children James and Gretel in 1977.

John Collett   How James Packer and his sister Gretel carved up the family fortune and why it's relevant to the rest of us.

INTELLIGENT INVESTOR

The eight big money mistakes of the young

Schoolies on the Gold Coast: Many money decisions await.

Graham Witcomb    The decisions you make in your 20s and 30s can be the difference between financial success or living hand to mouth down the road.

HOME CARE

Part-time care helps older Australians stay at home

Lisa Slater helps Jack Moulos get ready for an outing.

Bina Brown   Better Caring matches care workers and community members according to their skills and needs.

ASK NOEL

Plan for age pension changes in 2017

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Noel Whittaker   The age pension is not intended to support those with higher levels of wealth to maintain their capital base.

How women can overcome the retirement savings gap

Johanna de Ruyter says she used to be a 'Teflon woman' when it came to money.

Christine Long   Johanna de Ruyter admits her journey with money is still a work-in-progress.

YOUR QUESTIONS

How to know when a family trust has outlived its purpose

Family trusts outlive their purpose when there are no beneficiaries.

George Cochrane   A reader asks George Cochrane if she should wind up her family trust now there are no beneficiaries.

TIP OF THE WEEK

Planning for longer life expectancy

A baby boy born in Australia today can expect to live past 80. Women live an average of four years longer.

Nerida Cole   Discussing your wishes with loved ones is just one important factor when planning your finances after age 65.