Tom and his wife have $300,000 in an offset account, but the Australian government only guarantees up to $250,000 at an authorised deposit taking institution. So is the cash at risk?
Paul Clitheroe AM is a respected financial adviser and Money’s chairman and chief commentator. He is chair of the Australian Government Financial Literacy Board, and author of several personal finance books. Ask Paul your money question.
Jason and his wife have built a $150,000 share portfolio. They ask Paul Clitheroe if it’s time to sell in order to buy their first home.
Bindi and her husband want to retire early – the sooner the better – to spend time with their young children, but they want an annual income of $140,000.
James recently saw a financial planner who wasn’t much help, which makes Paul Clitheroe sad.
Many Money viewers and readers have aged with me, but can’t answer this basic question when it comes to figuring out what they can afford in retirement.
Alice has $60,000 for her first home sitting in a high-interest savings account. She asks Paul Clitheroe if she would be better off investing the money.
Craig’s 20-year-old son wants to know how to start investing in shares. That’s where Paul Clitheroe comes in.
Julia wants to invest $30,000, but she’s also on a disability pension, so keeping that money secure is vital, says Paul Clitheroe.
Jimmy and his wife are worth more than $1.5 million. They ask Paul Clitheroe how they can offload assets in order to get the $1,348.40/fortnight aged pension.
Kevin has found a way to leave his super to his adult daughters without them being hit with a tax bill. So what does Paul Clitheroe think of the loophole?