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Five Adjustments if your Spouse Moves to Care
Read more: Five Adjustments if your Spouse Moves to CareLife is filled with changes. But with preparation and good advice, you may be able to manage the changes more effectively to minimise the stress. Watching your spouse’s health decline can be difficult and stressful. And if this decline results in a move to aged care, you will both be faced with a lot of changes. These changes might include getting used to a new routine and sleeping arrangements, as well as financial, legal and emotional adjustments. In this article, we highlight five aspects that couples may need to think about and tips to help you to adjust. 1. Your…
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Financial Challenges for Couples
Read more: Financial Challenges for CouplesSecond marriages may present additional financial challenges when balancing day-to-day expenses with implications for aged care funding. You may not share finances equally, but Centrelink/DVA will assess your obligations as if you do. Life is full of ups and downs. You might have been unlucky and lost a spouse, but then been lucky to find love again. A new relationship can bring companionship and support but may also bring financial challenges, especially with funding aged care and estate plans. Some couples may be willing to share a life but may prefer to keep finances separate so inheritances can pass to…
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Gotta Be Right Twice
Read more: Gotta Be Right TwiceAustralia was burning in late January. China was announcing confirmed human to human contact of COVID-19, locking down Wuhan province and building temporary hospitals. While many in Australia were distracted by home affairs, some investment managers had their eye on China. Nucleus Wealth was one. A small active manager in Melbourne with an international focus. The call was made in late January. Dumping holdings, they started moving to cash. There was a brief selloff in the last week of January, but almost a month later the market was higher. Then all hell broke loose. COVID cases were being found around…
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Media Omission & The Market
Read more: Media Omission & The Market“The markets haven’t been very good lately,” the investor said with some concern. “Should we be doing something?” Markets were off their highs. Trump was being Trump. August had been one of those months. Off nearly 5% in a week. Sideways for the next three. A slight upward burst at the end, but the media had been salivating at the prospect of more losses. The wind had stopped blowing and the seas had calmed. The investor was still thinking about those storm warnings. “Well the ASX All Ords is up about 19% until the end of August,” the adviser said,…
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Healthy Returns
Read more: Healthy ReturnsLosing money is no joke. Witness all those forlorn investors who regularly appear on A Current Affair, 7:30 and 4 Corners, recounting how they were trying to secure their future before some financial disaster befell them. Whatever the cause (and we’ve discussed plenty of them) inevitably the discussion will turn away from their financial pitfall and towards their physical and mental wellbeing in the aftermath. Never do any of these investors report their physical and mental wellbeing becoming better through the stress of financial loss. They don’t become happier. They don’t become stronger. They’re weakened by the experience and fearful…
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