Ken is director of Metropole Wealth Advisory and gives strategic expert advice to property investors, professionals and business owners. He is in a unique position to blend his skills of accounting, wealth advisory, property investing, financial planning and small business. View his articles
Did you know that there are now more than 600,000 Self-Managed Superannuation Funds (SMSF) in Australia? Plus the average fund balance is more than $1 million? SMSFs have soared in popularity over the past decade, especially because funds can purchase certain types of property to help grow their retirement wealth position. However, as outlined in…
Self-Managed Superannuation Funds or SMSFs provide another avenue for people to create and manage their wealth. Unfortunately, like many other highly regulated financial tools, they can be quite complex. In fact, there a number of common errors that people often make in SMSFs, which can be avoided with professional advice from the outset, of course….
Estate planning is different for everyone and especially in today’s modern environment of potentially blended families. So, with more people remarrying, it’s critical to prepare for the distribution of your wealth on your passing. While you are alive, the estate planning process allows you to manage and preserve your wealth for those you will one…
Today it’s common for couples to purchase a property before they’ve walked down the aisle or even lived together. Naturally they assume they’ll be together forever, and don’t put a lot of research into the long term consequences of how their ownership should be structured. So to help better understand this, let’s take a look…
No one likes to talk about death but it is a fact of life. The problem is that by not talking about it, many people never get around to preparing for it either. A common saying is that there are only two certainties in life – death and taxes – yet we generally prepare for…
Knowing what tax deductions you’re entitled to claim is key to maximising your return on investment – but that’s only half the battle… We have all heard the old saying about death and taxes being the only two certainties in life. This may not be the case when you take superannuation into account but that…
There are changes aplenty in the superannuation space at present, but some things have stayed the same. One of which is that there are still multiple benefits to running your own super fund, regardless of any changes to the general super landscape. In fact, more and more Australians are opting to take control of their…
Australian Tax Office (ATO) data shows that only 9% per cent of investors own three or more properties. So, if property was such a good investment, why do many stop at one? Unfortunately, most people simply buy the wrong property, buy emotively, sell quickly and never buy again, or stubbornly hold onto it hoping things…
There’s more property research available than ever before today. In fact, only a decade or two ago, most property investors had to dive in with very little statistical analysis to help them choose the best locations. Things are much different now, but sometimes too much information can make an investment decision more difficult than it…
More and more investors, and particularly Baby Boomers, are using their Self-Managed Super Fund (SMSF) as a vehicle to buy an investment property. So I’d like to share some of the most common mistakes I see people making so you can avoid them. 1. Debt Your Self-Managed Superannuation Fund (SMSF) can borrow money to: a) Purchase…
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