Most doctors over age 55 are contemplating retirement. And those that are not should be. How and when to retire is a complex and emotional process, and one we have spent many years working through. Our advice has been crafted out of hundreds of client meetings exploring the psychology and economics of retirement. Every GP
Deidre was distressed. A new client, it soon became clear something was not right. A gentle push and she spilled the beans. Her long term relationship with Darryl was breaking up and she was scared she would lose her kids, her home and most of what she had worked for over the last ten years.
Superannuation has been a hot topic since the early Federal Budget announcements in May 2016. A lot of which was said to have been proposed and not formalised. The latest super announcement delivered by Treasury on the 23rd November 2016 somewhat provides a clearer picture to our future superannuation reform package and confirms some of
Dr Ethan and his wife Esther migrated to Australia in 1988. They were Russian Refuseniks, brought to Australia from the USSR under a special deal done by the then prime minister, Bob Hawke. Ethan’s medical qualifications were not recognized so he took a job as a trainee nurse. He completed the training and applied to
I would like a dollar note for every doctor I’ve met who lost badly on trees. For some it was not so bad. The amount was not that big, and it was a lesson well learned: do not trust anyone with your money and if sounds too good to be true it probably was. They
This is our second Friday Reflections. We started to write it last Thursday, but client meetings got in the way. We could run a great practice if it was not for those pesky clients! Primary Health Care payments may be taxable as ordinary income It is complex, and most of us will never know the
This is the first of an irregular and highly occasional series of Friday Reflections, where we summarise some of the things we are seeing and suggest ideas to improve your financial future. If you see something that may apply to you please let me know, or make an appointment to discuss it further as soon
SMSFs and you before 30 June 2015 You will be aware that we are big fans of self-managed super funds. They suit most clients with super balances above $100,000 per couple. The higher control, and the lower costs, means clients get better long term results. You control the investments, and the exposure to risk. You