News archive from 10 March 2013

Your questions: Terminating a tricky trust

Your questions: Terminating a tricky trust

My wife's SMSF and unit trust have existed since 1995, when a studio apartment was purchased. Seventy-five per cent of its cost was raised by a joint bank loan to us as private investors, while 25 per cent was paid by the SMSF via the trust, for which...

 

At this rate, prospects are for a rise

For more than two years the cash rate - the benchmark for variable mortgage rates - has been falling, from November 2010 when it was 4.75 per cent, to the current 3 per cent. This past week, the RBA held the cash rate at 3 per cent and markets are...

 
Get smart to avoid common financial traps

Get smart to avoid common financial traps

'Read the fine print,'' we're told ad nauseam. But seriously, who has time? Especially when it comes to product disclosure statements that can run to dozens of pages. So here I offer a cheat sheet of the biggest small-print nasties in financial...

 
Plot a path to turn red into black

Plot a path to turn red into black

When you're slogging your way out of credit-card debt, the biggest challenge can come from finding a strategy that suits you and sticking to it. For Karyn Bosnak, a TV producer who racked up $20,000 in credit-card debt when she moved to New York and...

 
Quietly getting our houses in order

Quietly getting our houses in order

The way the sharemarket rally hogs the headlines, you would think property wasn't doing anything. Although every street is different, the average east-coast capital city price has been rising since May 2012. Nobody told you? In that case, you probably...

 

Reverse the retirement shortfall

Reverse mortgages are usually available to those aged at least 60 who own their house. The money is borrowed with the house as security. No repayments on the loans are made until you die or sell the house. But because no repayments are made, the...

 
Sale a last bid to save Mothercare

Sale a last bid to save Mothercare

Mothercare has announced an ''administrations sale'' in a last bid attempt to rescue the embattled baby clothing and accessories retailer. The 43 Mothercare, Early Learning Centre and Kids Central stores went into voluntary liquidation following the...

 
Your questions: Terminating a tricky trust

Your questions: Terminating a tricky trust

My wife's SMSF and unit trust have existed since 1995, when a studio apartment was purchased. Seventy-five per cent of its cost was raised by a joint bank loan to us as private investors, while 25 per cent was paid by the SMSF via the trust, for which...

 

At this rate, prospects are for a rise

For more than two years the cash rate - the benchmark for variable mortgage rates - has been falling, from November 2010 when it was 4.75 per cent, to the current 3 per cent. This past week, the RBA held the cash rate at 3 per cent and markets are...

 
Get smart to avoid common financial traps

Get smart to avoid common financial traps

'Read the fine print,'' we're told ad nauseam. But seriously, who has time? Especially when it comes to product disclosure statements that can run to dozens of pages. So here I offer a cheat sheet of the biggest small-print nasties in financial...

 
Plot a path to turn red into black

Plot a path to turn red into black

When you're slogging your way out of credit-card debt, the biggest challenge can come from finding a strategy that suits you and sticking to it. For Karyn Bosnak, a TV producer who racked up $20,000 in credit-card debt when she moved to New York and...

 
Quietly getting our houses in order

Quietly getting our houses in order

The way the sharemarket rally hogs the headlines, you would think property wasn't doing anything. Although every street is different, the average east-coast capital city price has been rising since May 2012. Nobody told you? In that case, you probably...

 

Reverse the retirement shortfall

Reverse mortgages are usually available to those aged at least 60 who own their house. The money is borrowed with the house as security. No repayments on the loans are made until you die or sell the house. But because no repayments are made, the...

 
Sale a last bid to save Mothercare

Sale a last bid to save Mothercare

Mothercare has announced an ''administrations sale'' in a last bid attempt to rescue the embattled baby clothing and accessories retailer. The 43 Mothercare, Early Learning Centre and Kids Central stores went into voluntary liquidation following the...

 
Your questions: Terminating a tricky trust

Your questions: Terminating a tricky trust

My wife's SMSF and unit trust have existed since 1995, when a studio apartment was purchased. Seventy-five per cent of its cost was raised by a joint bank loan to us as private investors, while 25 per cent was paid by the SMSF via the trust, for which...

 
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