This issue of Wealth Adviser includes:
- Why life expectancy numbers are widely misunderstood. Life expectancy numbers are often misinterpreted due to various factors. There are various reasons behind this widespread misunderstanding with a need for a deeper understanding of the statistics. It is important to consider factors such as socioeconomic status, lifestyle choices, and healthcare access when interpreting life expectancy data.
- Risk of recession is high. There is a significant likelihood of an upcoming recession. This article highlights the potential impacts on various sectors of the economy and suggests possible measures to mitigate these effects. The discussion also includes opinions on how governments and businesses can prepare for and navigate through the economic downturn.
- Why ‘timing the market’ is a fool’s errand. Timing the market is not a successful strategy for investing and a buy-and-hold approach is generally more effective. Even professional investors struggle to consistently time the market correctly. There is evidence and research to support this idea and there are potential risks and missed opportunities associated with trying to time the market. It is typically better to focus on a long-term investment strategy.
Q & A
- I have an SMSF but want to take out personal insurance. Can I do this via my SMSF?
- My friend told me that he pays less tax because he makes additional concessional contributions into his super. How does making a concessional contribution reduce the tax I have to pay?
- Who gets my superannuation once I pass away?
If you would care to share your experience with me, please comment below!