Guest contributor: How $1 million can last longer than you
My portfolio looks like heresy when measured against the orthodox modern diversified portfolio designed to manage risk, but I believe that my large asset allocation to Australian shares is actually a smart approach to ensuring the money does not run out over a 30-year retirement.
Limited recourse borrowing: What you can and can’t do under the new super rules
Although self-managed super funds are generally not permitted to borrow, the super rules do provide some exceptions. The most publicised exception to the ‘no borrowing’ rule is the ability to enter a limited recourse borrowing arrangement.
SMSF investment: Franked dividends and the 45-day rule
Q: Could you please advise me if the 45 day holding rule applies to shares held in a SMSF when the fund has accumulated less than $5,000 in franking credits during the entire financial year?
THE SOAPBOX: Fair go for retirees and super savers
Millions of words have been written about the Global Financial Crisis, but very few practical words have been devoted to the plight of retirees, soon-to-be-retirees and those Australians planning ahead for their retirement.
