How (and why) to talk to your adult children about insurance

How (and why) to talk to your adult children about insurance Adult children living at home. It’s the premise for many a zany Hollywood comedy. Men in their ‘30s or ‘40s living with their mums, modern city families having to move to their parents’ country homes, houses packed to the rafters with multiple generations. Surprisingly, it’s the reality for a number of Australian families. Retirees looking forward to comfortable, leisurely lifestyles are suddenly saddled with …

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Budgeting on a growing family

Budgeting on a growing family Having children is a rite of passage that brings a mix of joy, fulfilment and anxiety when the financial realities of raising kids become apparent. Parents must make difficult decisions about housing, education and lifestyle to keep the family budget in the black and to give their kids the best start in life. The cost of raising children rose 50 per cent from 2007 to 2012, outpacing growth in …

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Working to restore your balance

Working to restore your balance In our fast-paced world, the desire for a better work/life balance is a common goal. It affects everyone from young professionals working long hours to get ahead, dual income households juggling inflexible jobs and children, and older workers wanting more time to help care for grandchildren or ease into retirement. While some people want to increase their working hours, the more common reason for pursuing work/life balance is to …

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Honey, the kids shrunk my retirement

Honey, the kids shrunk my retirement An increasing number of Peter (and Peta) Pans are refusing to fly the coop, staying in the family home well into adulthood. It’s estimated that in the next five years, more than one million 18 to 29-year-old Australians will still be living with their parents. Put another way, nearly a third of people close to retiring will still be supporting their adult children at the end of this decade.i …

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Downsizing – is it right for you?

Downsizing – is it right for you? If you are heading towards retirement, or perhaps already in it, downsizing may have crossed your mind. And you might have some questions – does it make sense financially? Is a smaller home better suited to my situation? At first glance, it would seem that downsizing is a popular choice amongst older Australians. However recent research (Downsizers and Other Movers – The Housing Options Choices and Dilemmas …

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Grandparents unsung childcare heroes

Grandparents unsung childcare heroes It’s meant to be a time to kick back and pursue all those interests you put aside while you worked and raised a family. But increasingly, grandparents are being called on to fill the gaps in Australia’s formal childcare system while their adult children go out to work. Grandparents provide a staggering 23 per cent of all childcare to children under 12 in Australia, according to a recent AMP NATSEM …

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Aged care – A loser in the recent 2015-16 Federal Budget

Aged care – A loser in the recent 2015-16 Federal Budget Residential aged care received only minimal attention in the government’s recent Federal Budget. Unfortunately, people entering residential aged care from 1 January 2016 are the losers from the budget, as the strategy available to assist families wishing to keep the family home will be removed. Currently there is an advantage for people entering aged care to keep the family home and fund all …

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Time to sell the family home?

Time to sell the family home? With children gone and things slowing down it may be time to downsize. When you’ve got a family a big house with plenty of room may make sense. But these days a smaller place may suit you better. Dreams of a change may be beckoning… you may be yearning to wake up to the smell of eucalyptus or doze off with an evening sea breeze. And if you have …

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