Pravesh Daya Superannuation Strategist & Stock Broker

30/03/2023

Don't be a fool with your finances this year.

Did you know the significant impact that fees can have on the long-term growth of your super – in some cases you could be losing 30 to 40% growth. It’s wise to review your super and other investments regularly, especially if your fund fees have recently increased.

Contact me to find out more about reviewing your retirement and investment plans.

If you’re like most Australians, you probably think superannuation is something you only have to worry about when you’re old and getting ready to retire. That’s only half right.

19/03/2023

It's never too early to start planning for retirement and implementing strategies for wealth preservation and growth to enable you to live the life you’ve dreamed of in your later years.

But it’s essential to take into account these 3 major influences on your plans:

• Longevity – increasing life expectancy and whether your capital will last for longer?
• Inflation – will your money retain its spending power?
• Income – where will you receive income from?

As a Superannuation and Investment Specialist I can help you to develop a plan to maximise your income and capital position to finance your retirement dreams.

https://www.morgans.com.au/private-clients/Learning-Centre/Financial-Planning/Retirement

13/03/2023

Today is International Ask a Question Day so I’d love to hear your questions about superannuation, retirement planning or investing.

Post your question in the comments below!

07/03/2023

This International Women’s Day I think it’s important to highlight the alarming gender gap in the superannuation balances of men and women in Australia. The average gap is higher in older age groups (up to 60%) but researchers have also discovered that even in the 25-24 age group, men have an average of 36.2% more in their super balance than women.

There are a number of factors creating super disparity, primarily lower pay and career breaks as women are more likely to shoulder family and carer responsibilities, but there are strategies that can help to make your super work harder for you.

For example, comparing super fund performance, making sure you’re claiming tax concessions for voluntary contributions, reviewing your default fund settings and assessing your insurance needs (and fees!) are some of the things that can make a difference.

27/02/2023

There’s been lots of coverage about the recent decline in property prices in major cities, but some regional areas are still holding strong. The advantages of investing in property or shares will depend on your personal needs. Contact me to find out how to design an investment strategy to meet your long-term income and wealth goals.

21/02/2023

With an increase in cybercrime and identity theft in Australia this is a great reminder about the importance of taking essential steps to safeguard your information.

15/02/2023

2022 was a tumultuous year for the markets and will be remembered by many as the year of rising inflation and interest rates. Superannuation funds were not immune, suffering their first calendar year loss since 2011.

Superannuation is the most valuable asset most people hold, and whether you plan to retire in the next few years or are planning for further ahead, it’s important to undertake a regular review to ensure your investment strategy is meeting your objectives.

As a Certified Financial Planner, Stock Broker and Superannuation Specialist I will work with you to develop a personalised strategy to keep your retirement dreams and goals on track.

Get more proactive with your Super in 2023. Give me a call to arrange a free one-hour consultation to review your most important asset.

Last year for the first time in a decade our massive pool of retirement savings in superannuation shrunk. Couples like Jodi and Bruce are nervous about the year head.

13/02/2023

What IS the price of love this Valentine’s Day?

Well, as much as US$25.9 billion will be spent on Valentine’s Day in the United States according to the National Retail Federation and Prosper Insights & Analytics. It’s predicted to be the highest spend on record with 35 to 44-year-olds said to be the biggest spenders - investing an average of US$192.80 in their love interest!

I can’t predict the investment return on love, but I can help with getting your savings on track, perhaps for a future love nest or a romantic trip of a lifetime to celebrate retirement together!

https://www.forbes.com/sites/markfaithfull/2023/01/26/cant-buy-me-love-shopping-spree-predicted-for-valentines-day/?sh=f3112ba68cc5

American Consumers are expected to forget their economic worries this Valentine’s Day and spend, spend, spend on their special other, while in the U.K. a $1.24 engagement ring is up for grabs.

09/02/2023

With inflation continuing to rise, the Federal Bank increased the official cash rate again this month in an attempt to curb spending. Which is bad news for borrowers of course, but the soaring cost of living also has a dramatic impact on retirees and people who plan to retire over the next few years – it can even mean having to stay in the workforce for longer if you want to maintain your current lifestyle into old age.

It might surprise you how much you’ll need in your Super for a comfortable retirement, and it can be a shock for many when I do the calculations for them. Fortunately, with proactive and solid strategies, along with regular reviews, you can still keep your plans on track.

Contact me to assess your retirement goals and strategies to help you to achieve your retirement objectives.

08/02/2023

Downsize and Top-up Your Super!

From 1 January 2023 individuals aged 55 years (reduced from 60 years) or older now qualify for a concession to use the proceeds from the sale of their home to top up their superannuation account. Eligible Australians can contribute up to $300,000 ($600,000 per couple) to their super in this way.

If you’d like to find out what this means to you, or other concessions available to you to help grow your super balance, contact me for a free consultation.






https://www.ato.gov.au/Super/APRA-regulated-funds/In-detail/News/Further-eligibility-age-change-for-downsizer-contributions/

01/01/2023

Happy New Year from myself and all the team at Morgans – Milton and Springfield.

We wish you and your families a very happy, healthy and prosperous 2023.

I will be back in the office on 10th January to help make more financial dreams come true this year!

23/12/2022

On behalf of everyone at Morgans Milton and Springfield, I wish you and your families a very Happy and Safe Festive Season.

Our offices will be closed from 24 December 2022 and will reopen on 10 January 2023.

We look forward to seeing you in the New Year.