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Wealth

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With a reversionary pension, the beneficiary has peace of mind knowing they’ll continue receiving income into their bank account.

What happens to your super after you die comes down to this choice

Your money can go to your beneficiary either as a regular pension payment or as a lump sum death benefit.

  • Colin Lewis
Engaging a strategic investment adviser could help you take a step back from running your SMSF.

I’m 74 and want to run my $10m SMSF with less fuss

A wealth manager can help you with investment strategy, administration and accounting. But choose wisely by checking their qualifications.

  • John Wasiliev

The blueprint for Aussie wealth creation may no longer apply

For the past 30 years, creating and preserving wealth has followed a predictable pattern. But things have shifted, perhaps irrevocably.

  • Shaun Cartoon

As term deposit rates fall, there’s another option for savers

Cash and money market ETFs allow investors to generate comparable returns to term deposits, but with greater access to ready liquidity.

  • Cameron Gleeson

Volatility is normal, we just forgot it was

Returns have been dominated by a handful of companies but that scenario is unlikely to persist.

  • Todd Hoare

Why humans make terrible investors

Cashing out during a period of volatility is usually harmful to your wealth.

  • Ben Smythe

Wealthiest Australians

Family trust: Inside the Pratts’ legal soap opera

Richard Pratt carefully designed a succession plan for his three children, Anthony, Heloise and Fiona. But even the best-laid plans can wind up in court.

  • Max Mason and Patrick Durkin
Declan Sherman went from Sydney to New York to Brazil with Macquarie before starting his own business.

This ex-Macquarie banker toned up Brazil – and made a fortune

When Declan Sherman moved to the Latin American country with the investment bank, he was inspired to show the locals a new way to exercise.

  • Yolanda Redrup
Robin Khuda arrived in Australia as an 18-year-old from Bangladesh, and is now at the centre of the year’s biggest deal.

Robin Khuda is the ringleader of this year’s biggest M&A deal

The founder of AirTrunk has cashed in on the inexorable rise in demand for processing power and built a vast fortune on the rise of cloud computing.

  • Paul Smith and Tess Bennett
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This Month

Money Coach Dionne Lee on the Gold Coast.

‘I gave my husband almost everything in our divorce’

Dionne Lee was sure she could rebuild her financial life after divorce, but most people aren’t so confident. If that’s you, this guide will help.

  • Alexandra Cain
Term allocated pensions, which belong to a group of pensions introduced between 2004 and 2007, have very different rules.

Help! I’m trapped in my legacy pension product

A reader with $4.3 million in superannuation wants to know how he can exit an outdated, market-linked pension.

  • John Wasiliev
A well-timed redundancy payout can be life changing.

What to do with a six-figure redundancy payout

Being made redundant can be emotionally and financially devastating if you weren’t expecting it. But large lump sum payouts also present an opportunity to reset your career and finances.

  • Duncan Hughes
Success signalling consumption is a wealth depletion trap.

Earning big money but still broke? It could be lifestyle creep

Routinely splurging on luxuries can leave even very high earners drowning in debt. Three ways to set yourself free.

  • Michelle Bowes
Running an SMSF takes time and commitment.

We have $360,000 in super. Are we wealthy enough for an SMSF?

There has been much debate about the appropriate dollar threshold for do-it-yourself super.

  • Penny Wise
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Keep a close eye on any required repairs.

Why it’s important to maintain the rage in your unit block

Property investors can be drawn into a conspiracy of mutually enabled silence with rental agents – neither party wants any hassles. But that’s ultimately a costly strategy.

  • Jimmy Thomson
Declan Sherman went from Sydney to New York to Brazil with Macquarie before starting his own business.

This ex-Macquarie banker toned up Brazil – and made a fortune

When Declan Sherman moved to the Latin American country with the investment bank, he was inspired to show the locals a new way to exercise.

  • Yolanda Redrup
The study found evidence of people falling behind on their debts five years before diagnosis.

Alzheimer’s takes a financial toll long before diagnosis

People who develop dementia often begin falling behind on bills years earlier, research shows.

  • Ben Casselman
George Alex outside the NSW Supreme Court at Darlinghurst during jury deliberations in his tax fraud trial.

Alex found guilty of $10m tax fraud conspiracy

Construction identity George Alex has been found guilty of conspiring to defraud the tax office through his labour hire firms as his marathon six-month trial came to an end.

  • David Marin-Guzman
Not holding the ‘Magnificent 10’ in a portfolio would have led to a 1.93 per cent lower annual return.

How Australia’s ‘magnificent 10’ contributed to returns over 20 years

How costly was failing to pick the ASX’s 10 top performers over the past two decades? Vanguard did the sums

  • Carole Okigbo

Why the family farm has become a huge inheritance challenge

Succession planning can be extremely difficult, but it doesn’t have to be if you start talking early and come up with a workable strategy.

  • Larry Schlesinger

August

The super funds failing to perform

For the first time, all default MySuper options passed the APRA performance test, but big retail funds continue to underperform.

  • Michelle Bowes and Hannah Wootton

Where home buyers can score the biggest bargains now

House sellers are slashing their prices by hundreds of thousands of dollars as fresh listings rise before spring.

  • Nila Sweeney
Real estate agents know the key to getting the best price is to make buyers feel emotionally attached to a property.

Don’t be tricked by these sneaky auction tactics

From fear of missing out to what’s known as ‘money illusion’, it’s useful to understand the psychology of real estate negotiations.

  • Lucy Dean
LMI is expensive – as much as $18,880 on a 10 per cent deposit on a $852,766 home

Four strategies to lower pesky lenders’ mortgage insurance

Lenders’ mortgage insurance is a costly nuisance. But if it comes down to paying a bit extra and getting into the housing market sooner, it might be worth doing.

  • Lucy Dean
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Madhabi Puri Buch responded to Hindenburg’s latest accusations by saying she had followed all disclosure and recusal norms.

India’s sharemarket regulator chief needs to explain herself on Adani

Madhabi Puri Buch, the chairwoman of India’s Securities and Exchange Board, was an investor in the Adani network. Why has she cleared the company?

  • Andy Mukherjee
Some areas are seeing almost double the listings that would usually be available.

Weekender dreaming: It’s a great time to buy a holiday home

Listings for popular getaway destinations are at their highest in five years, while demand has fallen, making now a good time to look for a holiday home.

  • Michelle Bowes
Some state governments are charging higher taxes and limiting rent increases.

Investing in property for yield has never looked so unattractive

Rather than dealing a fatal blow by ending negative gearing on property, governments are bringing about death by a thousand cuts.

  • Michelle Bowes
Painting your SMSF-owned property could be a mistake.

Beware – DIY repairs and renovations are a minefield for SMSFs

Doing work on a property owned by your SMSF is fraught with danger because of strict tax and superannuation laws. Here’s what you need to know.

  • Meg Heffron
A question of super.

My short-term memory is a worry – should I close my DIY super fund?

Many retirees with SMSFs worry about diminished capacity as they get older – this is what to do.

  • John Wasiliev

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BOSS Financial Review

Simone and Matt Rennie, co-CEOs of consulting challenger Rennie Advisory, at the Fig & Olive in Brisbane.

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