There is no doubt that the very thought of claiming on your own insurance policy is depressing, but extensive research tells us that you (and even me) may be unable to work for an extended period during your life due to sickness or an accident.
According to the ACCC’s Scamwatch statistics, Australians reported a total of $568.6 Million lost to scams in 2022, which makes for big business for scammers, and a cause for concern for all Australians.
Many business owners make the mistake of ignoring superannuation in preference for re-investing spare funds in their business, hoping they can then sell at a premium when it comes time to retire.
It’s always a good idea to regularly check in on your financial position, whether there’s been a significant change in your financial situation or not. And for those who find themselves with spare funds, it often raises the question, “Should I pay down my home loan or invest these funds elsewhere?”
Recently retired couple, David and Erica, were fit and active and planning a seachange when David suffered a stroke, leaving him unable to walk or speak.