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Welcome to the October issue of Financial Insights and Updates.
With the weather warming up, and Christmas creeping up, it certainly feels like 2023 has flown past pretty fast. You may have come across the quote: “The trouble is, you think you have time”. We put off important things, assuming that we can do them later, but life often happens so quickly that before we even realise it, time has flown us by. Let the first month in the final quarter of 2023 serve as a reminder that we should not procrastinate, especially when it comes to the important things in life, including ensuring that you have made progress on the financial goals you had set for this year.This month we have included an economic update for the July to September quarter. Our article ‘Roadmap to retiring young’ provides a guide for charting a course towards retirement. Another interesting article is ‘Troubleshooting family finances’ which lists five important things to think about when it comes to handling family finances so you can keep your relationships and finances healthy and stable. As always, feel free to forward any articles to friends and/or family that you feel may benefit from the information. In signing off, please remember that we are always available to answer any questions or queries you may have and to come speak with us before making any major investment decisions.
Warm regards,
Alexander Kitchin, Stuart Engel, and Courtney Pearch[/vc_column_text][vc_column_text]
Feature Article:
[/vc_column_text][vc_custom_heading text=”Quarterly Economic Update: July to September 2023″ font_container=”tag:h4|text_align:center” use_theme_fonts=”yes” link=”url:https%3A%2F%2Fwealthconnexion.us3.list-manage.com%2Ftrack%2Fclick%3Fu%3Da3e36438b5af3c2f99abd4701%26id%3D6ab35d0f76%26e%3Df991217631|target:_blank”][vc_single_image image=”6803″ img_size=”large” alignment=”center” style=”vc_box_border”][vc_column_text]
Australia’s annual inflation rate has taken an unexpected step up, increasing pressure on the Reserve Bank to push interest rates higher and once again raising the prospect that Australia will fall into recession sometime over the next few months.The annual inflation rate for the year to August reached 5.2 per cent, up from 4.9 per cent recorded for the year to July, spurred by higher prices for petrol, financial services, and labour costs, following the 5.75 per cent wage rise for 2.4 million Australian workers in July.
[/vc_column_text][vc_btn title=”Read more” style=”custom” custom_background=”#ae9257″ custom_text=”#ffffff” align=”center” link=”url:https%3A%2F%2Fwealthconnexion.us3.list-manage.com%2Ftrack%2Fclick%3Fu%3Da3e36438b5af3c2f99abd4701%26id%3D6ab35d0f76%26e%3Df991217631|target:_blank”][vc_separator border_width=”3″][vc_single_image image=”6804″ img_size=”large” alignment=”center” style=”vc_box_border”][vc_custom_heading text=”Does a part-time job in retirement work for you?” font_container=”tag:h4|text_align:center” use_theme_fonts=”yes” link=”url:https%3A%2F%2Fwealthconnexion.us3.list-manage.com%2Ftrack%2Fclick%3Fu%3Da3e36438b5af3c2f99abd4701%26id%3D1b031f891f%26e%3Df991217631|target:_blank”][vc_column_text]
Maybe you can’t wait to give up work forever. But having a part-time job in retirement offers health and income benefits that could make it worth considering for your future lifestyle.
[/vc_column_text][vc_btn title=”Read more” style=”custom” custom_background=”#ae9257″ custom_text=”#ffffff” align=”center” link=”url:https%3A%2F%2Fwealthconnexion.us3.list-manage.com%2Ftrack%2Fclick%3Fu%3Da3e36438b5af3c2f99abd4701%26id%3D1b031f891f%26e%3Df991217631|target:_blank”][vc_separator border_width=”3″][vc_single_image image=”6805″ img_size=”large” alignment=”center”][vc_custom_heading text=”Roadmap to Retiring Young” font_container=”tag:h4|text_align:center” use_theme_fonts=”yes” link=”url:https%3A%2F%2Fwealthconnexion.us3.list-manage.com%2Ftrack%2Fclick%3Fu%3Da3e36438b5af3c2f99abd4701%26id%3D32f16668b4%26e%3Df991217631|target:_blank”][vc_column_text]
The dream of retiring young is one that captivates many peoples’ imaginations. The freedom to live life on your own terms, doing what you want, when you want is undeniably appealing, but is it attainable?
[/vc_column_text][vc_btn title=”Read more” style=”custom” custom_background=”#ae9257″ custom_text=”#ffffff” align=”center” link=”url:https%3A%2F%2Fwealthconnexion.us3.list-manage.com%2Ftrack%2Fclick%3Fu%3Da3e36438b5af3c2f99abd4701%26id%3D32f16668b4%26e%3Df991217631|target:_blank”][vc_separator border_width=”3″][vc_single_image image=”6806″ img_size=”large” alignment=”center”][vc_custom_heading text=”The Benefits and Risks of Collectable Super Assets” font_container=”tag:h4|text_align:center” use_theme_fonts=”yes” link=”url:https%3A%2F%2Fwealthconnexion.us3.list-manage.com%2Ftrack%2Fclick%3Fu%3Da3e36438b5af3c2f99abd4701%26id%3D7e653d346b%26e%3Df991217631|target:_blank”][vc_column_text]
While owning collectable and personal use assets inside a SMSF may sound appealing, there’s a big catch.
[/vc_column_text][vc_btn title=”Read more” style=”custom” custom_background=”#ae9257″ custom_text=”#ffffff” align=”center” link=”url:https%3A%2F%2Fwealthconnexion.us3.list-manage.com%2Ftrack%2Fclick%3Fu%3Da3e36438b5af3c2f99abd4701%26id%3D7e653d346b%26e%3Df991217631|target:_blank”][vc_separator border_width=”3″][vc_single_image image=”6807″ img_size=”large” alignment=”center”][vc_custom_heading text=”Troubleshooting Family Finances” font_container=”tag:h4|text_align:center” use_theme_fonts=”yes” link=”url:https%3A%2F%2Fwealthconnexion.us3.list-manage.com%2Ftrack%2Fclick%3Fu%3Da3e36438b5af3c2f99abd4701%26id%3D1494afc554%26e%3Df991217631|target:_blank”][vc_column_text]
Are your family finances a battleground where good and bad habits collide? Find out how to support your family towards better financial wellbeing without risking your relationship.
[/vc_column_text][vc_btn title=”Read more” style=”custom” custom_background=”#ae9257″ custom_text=”#ffffff” align=”center” link=”url:https%3A%2F%2Fwealthconnexion.us3.list-manage.com%2Ftrack%2Fclick%3Fu%3Da3e36438b5af3c2f99abd4701%26id%3D1494afc554%26e%3Df991217631|target:_blank”][vc_separator border_width=”3″][vc_single_image image=”6808″ img_size=”large” alignment=”center”][vc_custom_heading text=”Mastering the Art of Investing” font_container=”tag:h4|text_align:center” use_theme_fonts=”yes” link=”url:https%3A%2F%2Fwealthconnexion.us3.list-manage.com%2Ftrack%2Fclick%3Fu%3Da3e36438b5af3c2f99abd4701%26id%3D37235657de%26e%3Df991217631|target:_blank”][vc_column_text]
In an age where investing has evolved from an elite club to a widespread phenomenon, even the novice investor can thrive. But have you ever stopped to wonder what separates successful investors from the rest?
[/vc_column_text][vc_btn title=”Read more” style=”custom” custom_background=”#ae9257″ custom_text=”#ffffff” align=”center” link=”url:https%3A%2F%2Fwealthconnexion.us3.list-manage.com%2Ftrack%2Fclick%3Fu%3Da3e36438b5af3c2f99abd4701%26id%3D37235657de%26e%3Df991217631|target:_blank”][vc_separator border_width=”3″][vc_single_image image=”6809″ img_size=”large” alignment=”center”][vc_custom_heading text=”How Your Insurance Premiums are Calculated” font_container=”tag:h4|text_align:center” use_theme_fonts=”yes” link=”url:https%3A%2F%2Fwealthconnexion.us3.list-manage.com%2Ftrack%2Fclick%3Fu%3Da3e36438b5af3c2f99abd4701%26id%3D68311dd8cb%26e%3Df991217631|target:_blank”][vc_column_text]
The amount you pay for your life insurance – usually each month or year – is called a premium. Before you purchase your insurance, you’ll be provided with a quote which will estimate how much you will pay in premiums.
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Disclaimer
This information is of a general nature only and neither represents nor is intended to be specific advice on any particular matter. We strongly suggest that no person should act specifically on the basis of the information contained herein but should seek appropriate professional advice based upon their own personal circumstances. Although we consider the sources for this material reliable, no warranty is given and no liability is accepted for any statement or opinion or for any error or omission. Past performance is not a reliable indicator of future performance. Please refer to the Product Disclosure Statement (PDS) before investing in any products mentioned in this communication. This information is current as at the date of publish.
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