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It's often been mentioned that $1 million or more in superannuation savings is needed to live a comfortable retirement. This is a daunting figure for most of us and, unsurprisingly, has many Australians concerned about the kind of retirement lifestyle they have to look forward to.  Read on to find out more.

Retirement Investing-where do I start?

Retirement Investing-where do I start?

Many Australians don't have to think twice about saving for retirement because their employer regularly contributes on their behalf. These savings then have decades to grow and years to ride out the ups and downs of the share market.

But what happens once you retire? Is there a one-size-fits all, no fuss retirement investment option? Right now there's not, so it's important to understand what you need to start thinking about to make the most of your retirement savings. Brian Long explains. 

 

The Winners and Losers of the Federal Budget

 The Winners are

- Home owners (existing and first home)

- NDIS (with taxpayer hikes from 1/7/19 they get more funds)

- Older people (health care cards for those that recently got knocked off the register)

- Patients (out of pocket expenses are to be lowered?)

- Farmers (Landcare programs)

The Losers are

-          Taxpayers (namely medicare levy increase from 1/7/19 to support the NDIS)

-          The big banks ( but are we concerned with this one – we should be as they will just increase their fees to us to cover it!) and a banking tax.

-          University Students (increased fees and reduced thresholds for HELP repayments)

-          Welfare Recipients (CPI frozen for 2 years)

-          Smokers who roll their own or smoke cigars are being hit the hardest

 Lots of building of infrastructure $75 Billion over the next 10 years, which should increase jobs.

From what I can see, overall, more winners than losers with the biggest benefit is for first home buyers and those wanting to downsize and the contribution into super.  They haven't touched Superannuation and Negative Gearing, which is a surprise to me but as usual, they have to get it all through the Senate, so the details are vague and until it is LAW, we can't be sure.

So don't go downsizing the house too quickly just in case there are parameters around the details that disadvantage you.

We have a video clip from MLC that highlights the changes and what they could mean for you.

Enjoy what sunshine we have left as the days are getting shorted and the cold nights longer.

Take care and look after each other.

Cathy

What a mad few months we have had, with crazy weather, all the Adelaide festivals and the very sad global events. I cannot see 2017 being a smooth, easy going year!

With all these changes, Greven & Co are also changing, especially our relocation. I am in the process of looking for new premises to accommodate your needs as well as ours. It is amazing to see the number of commercial properties for lease and yet there are very few for sale. What's up with that? Do the landlords of Adelaide know something the rest of us don't? I don't imagine that commercial premises (especially office space) would be the best investment moving forward, as technology is changing the way we operate and do business; or do they really have an insight I cannot see? Time will tell and I will keep you in the loop about our move (when I know, you will know!).

It is almost Easter and I am focusing on having a break and selling my formal dining suite on Gumtree. I want to convert my dining room into a Pilates/meditation studio for me to practice each morning. It is important for me to focus on my health, to become lighter, to get fitter and to become happier than I already am, for without good health (that includes mental health), you have nothing; and you can't take your millions with you.

My list of values begins with health and happiness; and a close second is my family & friends. However, I have noticed over the years that my behaviour doesn't match these values and in 2017 I want to change that. So, over Easter you could reflect on what is important to you and identify at least 2 values that are of the utmost importance. Think about whether your behaviour reflects these values and if they don't, you could review what small changes you can implement to bridge the gap.

Take care and look after each other.

Cathy
PS- Crikey my Roos are 17th GULP!


The government has finally legislated the reforms from the May 2016 budget (nothing like being efficient).  We have a summary of those changes.

We also found some interesting facts about the states performances as we are constantly bagged in the media about being the BROKE state, and it seems for once the media is right!  We are not last, as WA is, but darn close.

This is not a surprise, when you see our young members of the community moving interstate to find work and with another manufacturing business (COCA-COLA) closing down in the next 2 years you can see why.

We have endured this failing economy for the last 12 years and next year we have a state election.  I would love to know whether we are going to continue along the same route and be known as the retirement state or whether we can get it together, stand on our own two feet and thrive.

On a lighter note, the footy is coming and I encourage you to sign up for the Greven & Co footytips (online) as there is up to $350 in prizes to be won.

I hope you are venturing out to the Fringe and catching a local act or two, as it is 'Mad March' in Adelaide.

Enjoy and be kind to each other.
Cathy

Happy New Year, I wonder if you have made any new year's resolutions and if so, have you actioned them?  I personally have one major goal for 2017 and that is to get healthy & reach 10,000 steps per day (using my Fitbit).  If you don't action them, then they are just a wish and how often do wishes come true?

Making too many resolutions means you spread yourself too thin and you end up overwhelmed and ultimately failing.

Most people look to have more money or change their home, make life simpler, find love and or declutter their life in some way.  Apart from love (which I am no expert on) we have attached a couple of articles that may be of interest to you.

The first is about tips to save your money, one of the best tip is to review your mortgage regularly.  Too many people get comfortable with what the bank tell them, which suits the bank and not you, the home owner.

The second is about decluttering your finances (but you can use the strategies to declutter anything) which helps to make complicated and confusing situations clear and simple.

I wish you well and prosper in 2017 and we look forward to working with you and your family.

Cathy

Access our full newsletter, including articles about Decluttering your Finances & Saving Money in 2017.

It is that time of year again when we find ourselves rushing to meet deadlines, shopping for xmas presents and dealing with car parking, grumpy customers, grumpy sales assistance and people rushing.  It is one of the most stressful times of the year and I can't avoid the stress, as a business owner our clients are pretty good, but I know myself I want to get away for a break and not have to think about things, so I try and get as much done as possible and I forget to look after myself, or don't sleep well because my mind is racing and I eat on the run. 

It is twice as bad in December because we celebrate 6-7 birthdays, amongst Christmas parties.  I have my list of things to do, but it doesn't seem to get ticked off and there are not many sleeps left till the big fat jolly man comes down my chimney (because I have been good this year!).

We close Greven & Co at 1pm this Thursday and we are off to the Alma for Christmas Lunch and then its holidays until the 3rd of January 2017 but I am going to be a bit sneaky and have an extra week.  Many people may have heard me say, I don't have an accountant, so I have to do my own books and this is the time of the year I do my own paperwork, so not much of a holiday but some extra sleep time is always welcome.

We at Greven & Co hope that you have a wonderful Christmas with family and loved ones, that these times are blessed with happiness and joy. Everything in moderation (we have an article on some tips, if you are interested) and we will see you in 2017, where we will get WILD WITH GREVEN, more on that in January 2017.  Have a happy new year, drive safely and be kind to each other, we are all we got!

Enjoy

Cathy

Christmas is just around the corner!

The man in red rolled into Adelaide last weekend and it is only 35 sleeps until xmas!  I know you didn't want to hear that as it scares me as well-where has this year gone?  I have so much to do before we close on the 22nd of December, I need to write myself a list and get cracking.

So much to talk about this month and where to start, Melbourne Cup, Trump, the share market, Centrelink Changes from 1/1/17 and finally our phones were out for 10 days…..

We are encouraging all Centrelink recipients to contact us to organise their registration with Centrelink to make sure they continue to be paid or be entitled to their maximum entitlement.

What can you say about Trump and the US Election that the media hasn't already covered?  Not much, so I won't bore you anymore (other than to say a tornado in a tea cup folks!).  I also met with Bob Cunneen our MLC Economist today, who didn't have an answer about much of this because it's a matter of wait and see, so we will wait and see.

Thanks for your patience during our phone outage.  I decided to take myself off to Fiji for a week for some R&R (well before I knew about the phones)-thank heavens we had changed our internet provider earlier in the year to satellite otherwise the staff would have had a holiday as well)….

Don't' forget if you need your Christmas Cakes or Puddings, we will have a supply at the office or you can email me for an order, my Glenside Lions Club are selling them now.

Cathy


The front page of the new York post says it all…..read what a few experts predict what the future holds for USA and how that will affect us, Australia and Australians moving forward.

My personal thought is that US shouldn't have such an influence on a great country like Australia, we are big enough, strong enough and darn smart enough to stand on our own feet now and shouldn't let any country (USA, China or any other country)  dictate terms. 

We need our leaders to stand up and make AUSTRALIA GREAT too, be proactive rather than reactive, but that's just my 5c worth!

The markets will go wild over the next 6 months and when Trump implements any of his policies (who knows what they are) they will rise or fall, so hang onto your hat folks, it's going to be a wild ride.

Cathy


Article Links:

  Colonial First State -
The outcome and implications of the 2016 US Election

BT Adviser Centre -
2016 US Presidential Election - Trump Triumphs

A topical point at the moment is the US Presidential election, which is affecting markets all over the world in different ways.  Fund Managers are watching the race between these 2 candidates very closely (most investments in the world are managed funds).

If you have an investment in any MLC product, be assured that they have built strategies within their portfolios to mitigate market behaviour and whilst not fool proof (as no one has a crystal ball) they are a risk the fund manager is aware of. 

On other matters, we are at the tail end of the "It's in the bag" campaign, where we have been inundated with bags and donations.  We are finalising the donations and will be delivering them to Anglicare within the next few weeks.  We will keep you posted with pictures and updates at my next post.  I'd like to thank everyone who has contributed; your generosity is appreciated.

Finally, if you are looking for something to do on the 15th of October (this Saturday) and the weather will be glorious, come down to the Adelaide Botanic Gardens.  Greven & Co, in conjunction with Glenside Lions, will be holding a second hand book store as part of COTA's every generation festival.  There are quite a few unique stalls to help COTA promote their organisation in a fun way,  between 10am and 2.30pm in the Economic Garden (about a 50 metre flat walk from the friends gate entrance off Plane Tree Drive).  Guided tours (free) are taking place every 30 minutes from the Fete site, so come along for a good family day out with lots to see, eat, buy and do, say "hi" at our stall, I would love to see you there.  Click her for further details.

Be kind to each other
Cathy

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