If breaking New Year’s resolutions is as much a tradition as the act of making them, you’re not alone – nearly 45% of New Year’s resolutions don’t even make it past the first month.1 So why not try something different this year? The main reason resolutions fail is because they’re often formed without a strategy. …
With Australia’s aging population, aged care is becoming an issue for a growing number of families. For a wide range of reasons, including cost, human vulnerability, the incidence of dementia, and the possibility for family disputes, this can be a subject fraught with emotion. We want to be able to help ease that burden. While …
After a horror 2022, AMP Portfolio Manager Fixed Income, Chris Baker says bonds are coming back into favour as interest rates near their peak. Before we take a closer look at the current state of the bond market, it’s worth a recap on how bonds work. Most people are pretty familiar with the share market. …
Australians have seen more than their share of tough times over the past few years and there are many stories of how individuals and communities responded to natural disasters and the pandemic with empathy and valuable assistance. Being kind and helping others does not have to be something that we only do in times of …
In recent times, there’s been a shift by Australian policy makers to encourage innovation when it comes to retirement income streams. Overall, this move is a recognition of two key facts: We’ve done a great job of accumulating wealth for retirement, but The system hasn’t really helped Australians use their assets in the best way. …
In the space of 18 months, interest rates have risen regularly, which has seen plenty of positively or neutrally geared investment properties slip into negative territory. After a significant jump in the cash rate, savvy investors are now rethinking their medium to long-term strategies. While some property investors actively choose a negative gearing path, others …
AMP Deputy Chief Economist Diana Mousina examines the impact of slower Chinese economic growth on Australia As economic growth in China shows signs of slowing down, how will this affect the Australian economy and investment markets? To find out, we looked at four areas of economic activity – overall exports, resources, tourism and education. Overall …
Spring is a time of renewal and regrowth, a time to dust off the cobwebs and let the sunshine in, and it’s also a good time of year to take a look at your finances. It’s been a challenging year on many fronts and spending a day getting on top of the state of your …
If you’re planning to retire in the near future, you may be searching for ways to top up your nest egg – whether that’s through personal savings or your superannuation. Every hardworking Australian deserves to enjoy their retirement the way they want. But that also requires having sufficient money to fund your perfect retirement. Turning …
Whether you’re nearing retirement or not, it’s never a bad time to consider your plans and how you’re going to support yourself and your dream retirement. One of the burning questions that people often ask first is, “How much money do I need to retire?” Admittedly, it’s probably the most critical question you can ask …