We invented a game a while back we called Wealth Protection Roulette. We haven’t played for a while so we thought we’d bring it back. What is it, you ask? Well, the foundations of any sound financial plan are built on ensuring that the major risks in life are covered and that your biggest assets are protected. So, we’re having a look at income protection insurance and other ways of protecting ... »
We’re nearly there, the financial year ends on 30 June and it’s accountant’s New Year. It’s also the trigger for many of us to start pulling together our financial records and get ready to lodge our annual income tax return. While getting the annual tax return lodged can be a bit of a chore for most of us, I quite like it, and that’s not because I’m an accountant! I... »
Last week saw that high point we all get excited about in Australian Federal politics, (yawn………yeah, we know The Biggest Loser had the same time slot, but that’s the kind of sacrifice we make for you here at iGenWealth). Those of us who tuned in were treated to the sheer spectacle of the Federal budget announcement by our beloved prime minister and her band of merry…... »
This post should have issued last Friday, it’s late, and we’re sorry about that. The fact that it’s late got me thinking about my kids; we have three sons – between the three of them and the things they get up to, I’m often late. Late to work, late getting things done, late to meals and late getting to bed. I’m also probably going to be later retiring than I ... »
March is a unique month for accountants because it’s the end of the FBT year. FBT? Is that the equivalent of friends with benefits, a one night stand with your best friend’s sibling or someone from the office? I hear you ask. Not quite. Unfortunately, FBT (or fringe benefits tax) is a tax that employers must generally pay on benefits (other than taxable salary and wages) that form part of your o... »
I stopped to fill up my fuel tank on the way to work this week and had a quick chat to Pete, the guy who owns the local servo (not his real name). He’s a friendly guy who understands good old fashioned service and gives my kids a lollipop every time they visit. It’s like crystal meth for four year olds – I am simply not allowed to buy petrol anywhere else. This morning we chatte... »
We’ve covered the single biggest financial question in the minds of our readers in the 18-35 age group (So, like, how do you buy a house?). While the great Australian dream remains a widely held aspiration, it’s not always at the top of the to-do list. Before higher education, full-time employment and saving for a house deposit, a lot of young people downunder follow the long-held tradition of see... »
With the bushfires around Australia over the last week, Christmas seems like months ago. The recent fires in Tasmania have been tragic and the team at iGenWealth offer our sincere sympathy to all those impacted. We usually like to have a bit of fun with our iGenWealth posts but this week, it’s just too hard to find anything amusing to write about and frankly, we felt it wouldn’t be respect... »
Well it’s nearly here! Many work place Christmas parties are in full swing and the big guy up there at the North Pole is probably polishing his boots and picking up his best red suit from the dry cleaners. He’s probably also had the sleigh in for its annual service and overhaul, re-shod the reindeers and paid his insurance and rego on the sleigh. Don’t even get us started on t... »
Our last post entitled Becoming a Shareholder went down a treat and so we thought we’d pick up where George left off talking about understanding the share market. A lot of us these days are time poor and we need to multi task to fit everything into our day. Lack of time means we also don’t get to the shops as often as we’d like so we run out of life’s little necessities. For that... »
