Author: RC

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Security health check

Start the year with better security. Follow these three simple steps to help protect your information from scammers.

1. Secure your devices

Your phone, laptop or tablet hold a lot of personal and financial information, so it’s important to keep them safe.

  • Keep your software up to date so your devices run smoothly with all the latest security fixes.
  • Review your privacy settings to limit what apps can access, such as your location or profile. Scammers use this information to trick you.
  • Be careful with free public Wi-Fi – it’s often not secure, so avoid using it for banking or payments.
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Who will inherit my super?

Did you know that when you die, your super isn’t automatically included in your estate or Will? For many people, superannuation is one of their biggest assets, so it’s important to make sure it goes to the right people – in the most tax-effective way.

The good news is that you can control who receives your super benefits by providing specific instructions to your super fund. It’s called nominating a beneficiary, and there are three main types:

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Market Update: What’s Driving Share Markets Right Now

Key Points

  • High valuations, AI bubble concerns and uncertainty about interest rate cuts are creating short-term volatility.
  • Despite this, company profits remain strong and there are no signs of recession, which continues to support markets.
  • For long-term investors, timing markets is very challenging and can be costly. Having an appropriate long-term investment strategy and patience should reward investors.
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4 ways an early inheritance could change your child’s life

Giving your children an early inheritance, rather than waiting until you pass away, can help them during key stages of their lives.

Here are four examples of how you can enhance their financial security during your lifetime:

  1. Home deposit: Paying some or all of your child’s deposit can help them break into the property market, avoid expensive mortgage insurance and build equity for their future.
  2. Mortgage repayment: Contributing to their mortgage, either via an offset account or extra repayments, can reduce the interest paid and shorten the loan term, saving them money over time.
  3. Reducing education debt: Reducing your child’s student loan debt can free up their cashflow and help them cope with the rising cost of living and any unexpected expenses.
  4. Kickstart investments: Giving a small sum can motivate your child to develop a savings plan, helping them to combat inflation and build long-term wealth.
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