This issue of Wealth Adviser includes:
- Making the Right Choice: A Guide to Super Beneficiary Nominations for All Ages Beneficiary nominations for superannuation play a crucial role in ensuring that individuals’ wishes are honoured regarding the distribution of their superannuation balance and associated death benefits. Various types of nominations exist, including binding, non-binding, and reversionary nominations, each catering to different personal and financial circumstances. Regularly reviewing and updating these nominations is essential, particularly after significant life changes, to maintain alignment with evolving family dynamics and financial situations. Seeking professional financial advice can further enhance decision-making, particularly in complex scenarios such as blended families or cross-jurisdictional concerns.
- Economic Success or Social Strain? Unpacking Wealth Resilience and Social Impact in Modern Nations The interplay between economic growth and social cohesion presents a complex challenge for policymakers. While economic success can lead to increased prosperity and improved living standards, it may also exacerbate social inequalities and strains within communities. Addressing these disparities requires a balanced approach that promotes inclusive growth and social welfare initiatives. Ultimately, fostering a harmonious society while achieving economic objectives is essential for sustainable development and long-term stability.
- Asset Allocation and Advice: Securing Financial Health Through Upswings and Downturns Financial advisers play a critical role of in maintaining financial health through both market upswings and downturns. Strategic asset allocation, tailored to individual goals and risk tolerance, is essential for long-term portfolio performance. Advisers provide stability by helping investors stay disciplined and avoid reactive decisions during market volatility. Additionally, rebalancing strategies are crucial for capturing gains in prosperous times while managing risks.
Q & A
- What’s the benefit of making extra contributions to my super, and how can I do it?
- I’m considering opening an investment account for my child. What should I be aware of?
- What’s the difference between holding insurance inside and outside of super, and what should I consider?
If you would care to share your experience with me, please comment below!